ASX rips as PBOC slams yuan, Aussie dollar lower

It’s a clear pattern. Every night the AUD is sold then during the day in Asia it is bought. I have no idea why. But today’s buyers confronted a nasty surprise when the PBOC fixing arrived for CNY and it was crushed lower:

It might as well have been the Aussie dollar fixing:

Amusingly, XJO was immediately bid to what will be new closing decade highs:

Because nothing says “buy Australia” like a Chinese financial crisis!

Dalian is stable:

Big Iron is down:

Big Gas is up:

Big Gold is looking toppy suddenly:

Big Mortgage wants more bear market rally:

Big Realty is meh:

I’ll say it again, where CNY goes, AUD follows.