The AUD is a dog on a lead, yuan in charge.
Earlier,
a higher than expected reference rate for the CNY (lower than expected USD/CNY):
Offshore yuan rose:
And its higher again (lower USD/CNY)
AUD/USD following the yuan higher:
The AUD is a dog on a lead, yuan in charge.
Earlier,
a higher than expected reference rate for the CNY (lower than expected USD/CNY):
Offshore yuan rose:
And its higher again (lower USD/CNY)
AUD/USD following the yuan higher:
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