The PBOC backed off a little on the slashing of the onshore yuan today
Not by much but it seems AUD is happy with the a sign of lessening in tension (if that's what it is). Ends a 6 day losing run for the onshore Chinese currency.
I had seen expectations for the USD/CNY is the 6.6950 and up range, so the actual rate has caught a few off guard. AUD response has been sharp (admittedly not a big range though):
Looking ahead, 0.7280/85 will be a tough wall to climb on the session
EUR, CAD, NZD, CHF, all up a little too. Even the little Brexit battler has had a wee pop.
