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A double boost for the aussie today

And with good reason, as it is benefiting from a solid labour market report as well as a much stronger Chinese yuan. On the latter, the PBOC moved to ease cross-border funding and also fixed the onshore yuan extremely strongly today.Australia (June ) Jobs +32.6K (vs. +15K expected) & Unemployment rate 3.5% (vs. 3.6% exp)PBOC eases cross-border fundingPBOC sets USD/ CNY reference rate for today at 7. 1466 (vs. estimate at 7.2233)The Chinese central bank actions seem to be aimed at punishing specu... Read More

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Posted: Jul 20 2023, 04:23

Author Name: forexlive

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