By Rob Howard — Sep 11 - 05:40 AM
AUD/USD ascent to 0.6443 aided by yuan gains on PBOC's strongest fixing bias
The Australian dollar is often used as a liquid proxy for the CNY
0.6443 is highest level since Sept 5 (0.6463 was high that day, pre-RBA)
China's central bank to peruse bulk USD purchases - sources nL4N3AN1IS
Net AUD short rose to highest since Feb 2022 in week to Sept 5 - CFTC data
Chevron gambles on untested laws to halt Australia LNG strike action
Source:
Refinitiv IFR Research/Market Commentary