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Aussie holds lower on softer Chinese yuan today

And in the case of AUD/USD, it keeps the retreat from 0.6900 at the end of last week going as price now slips back under the 0.6800 mark:The Chinese yuan is significantly weaker today, as USD/CNY rises up from 7.18 to near 7.22 and that is weighing on aussie and kiwi sentiment. On the latter, even a stronger Q2 CPI report here earlier isn't doing the job.And generally speaking, even the better mood in the equities space is failing to provide much of a lift to risk currencies on the week.Going ba... Read More

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Aussie

Holds

Lower

Softer

Chinese

Yuan

Today

Forex

Posted: Jul 19 2023, 08:39

Author Name: forexlive

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