By Rob Howard — Aug 09 - 05:50 AM
AUD/USD hit 0.6571 at 0643 GMT after pushing recovery envelope from 0.6497
0.6497 was Tuesday's nine-and-a-half week low (after weak China trade data)
Ascent to 0.6571 aided by rise in risk appetite (AUD is risk-sensitive)
European stocks outperform as Italy soothes bank tax nerves nL1N39Q0KQ
China's major state-owned banks reportedly sold US dollars for CNY in Asia
AUD is often used as liquid proxy for yuan. China CPI -0.3% YY vs -0.4% f/c
Source:
Refinitiv IFR Research/Market Commentary