Explore eFXplus Derived Data That Drive Results
A Data Partner of:
Refinitiv
Aug 09 - 06:55 AM

AUD/USD - Buoyed By Rise In Risk Appetite, Yuan Gains

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

Subscription

  • eFXplus
  • End-user license agreement (EULA)

About

  • About
  • Contact Us

Legal

  • Terms of Service
  • Privacy Policy
  • Disclaimer
© 2023 eFXdata · All Rights Reserved
!