By Rob Howard — Mar 06 - 05:20 AM
AUD/USD eases to 0.6732 as USD/CNH rises to 6.94, highest since March 1
0.6732 = intra-day low. AUD is often used as a liquid proxy for the yuan
China set modest growth target of around 5% on Sunday nL1N35D02A
Bids expected around 0.6700 if AUD/USD extends south pre-RBA event risk
0.6695 was two-month low on March 1. 0.6770 was Asian session high
RBA rate decision at 0330 GMT; 25 bps hike to 3.6% expected nL4N35D0VV
Source:
Refinitiv IFR Research/Market Commentary