US Dollar: Payrolls support keeps range intact – ING

ING’s Chris Turner notes that the US Dollar (USD) has reacted only modestly to the sharp sell-off in US tech stocks, with FX markets treating it as a sector-specific story.
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Asia FX: Tech-driven risk-off weighs before NFP – MUFG

MUFG analysts Khang Sek Lee and Lin Li note that the recent tech-led equity selloff has undermined Asia FX, offsetting support from lower Oil prices and US yields. Safe-haven demand has lifted the Dollar and Japanese Yen, while upcoming US Nonfarm Payrolls data could reinforce expectations of further Fed tightening, adding pressure on Asia FX, particularly tech-sensitive currencies like TWD and KRW.
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