By Rob Howard — Aug 07 - 06:05 AM
Large 0.6565 option expiry for later this week exerts magnetism over AUD/USD
The A$1 billion strike rolls off on Thursday (following US inflation data)
0.6610 was Friday's high, after NFP miss. 0.6514 was nine-week low Thursday
Australian barley prices jump following end to Chinese tariffs nL4N39O15B
Yuan loses core support as firms leave China nL4N39O0YI
The Australian dollar is often used as a liquid proxy for the yuan
Source:
Refinitiv IFR Research/Market Commentary