by Chris Becker
Today’s retail sales and services PSI data has not had any deleterious effect on the Australian dollar, with the overnight trend halting around the 73.60 level versus USD:
Daily momentum is still against the Pacific Peso here with tonight’s US unemployment (non-farm payrolls or NFP) print likely to weigh, watch last night’s low here at 73.50 to 73.60
Meanwhile, the PBOC has chucked another u-turn, devauling the Yuan yet again, moving the reference rate to 6.8322 from yesterday’s 6.7942:
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This has sent offshore Yuan (USDCNH) flying over 6.88 swiftly, and we’re likely to see the 7 super handle taken out before the next battle is waged in Trump’s Chyna War.