by Chris Becker
The PBOC are back on the weakening bent today with no news about the US/China trade talks or Trump’s shutdown not pushing currency markets around. The Australian dollar is flat lining at the mid 71s against USD, ready to make a new daily low as it moves to breakdown before Thursday’s unemployment print:
While the Kiwi is also ready to fall through the 67 handle against USD – not a good sign for the usually robust risk proxy and leading up to tomorrow’s inflation data print:
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Offshore trading in the Yuan is lifting slightly higher, pushing through the 6.80 level after the PBOC fixed the official rate at 6.7854, moving from the 6.7774 fix of yesterday:
