By Rob Howard — Aug 21 - 05:50 AM
AUD/USD rises to 0.6415 as CNY strengthens on offshore yuan liquidity news
China's state banks seen mopping up offshore yuan liquidity - sources
See: nL1N3A20K7. AUD often functions as a liquid proxy for the CNY
0.6415 is three pips shy of Asian session high. 0.6394 = intra-day low
That low was plumbed as yuan eased after China underwhelmed rate doves
Unions notify Woodside they may strike at key Australia gas platforms
Source:
Refinitiv IFR Research/Market Commentary