Australian dollar leaps higher as market forgives CBA

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by Chris Becker

You can’t keep a bankster down as both the Australian dollar and Commonwealth Bank (CBA) share price leap in early trade this morning: 

The ASX200 is up 0.3% as the other divisions of Megabank .Interestingly, the Aussie is doing its best against the Kiwi as traders gear up for the RBNZ meeting later this week, where a more dovish stance is expected:

The PBOC has come out again to make Yuan stronger, reducing the reference rate to 6.8313 from 6.8431 taking the sails out of offshore Yuan as momentum reverts:

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