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Sep 11 - 06:55 AM

AUD/USD - Lifted By CNY Gains On PBOC's Strongest Fixing Bias

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

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