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Aug 21 - 07:55 AM

AUD/USD - Helped Towards Intra-Day High By Yuan Liquidity Tip

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

Refinitiv IFR Research/Market Commentary


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