Yuan fix is smashing AUD on the crosses

Wednesday 6 January 2016

Well the midday fix is in and the Chinese Yuan has been moved lower again, to 6.5314, from 6.5169 and its having an immediate impact on Yen, which is surging in strength against the crosses, particularly Australian and New Zealand dollar.

Here’s the daily chart of the Renminmbi USDCNH for reference:

As Yen moves in strength against the USD:

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