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Aussie, RMB and commodities get the boot

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 6, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Despite relative stability across global markets overnight, the Australian dollar has continued its slide in the domestic session. The local unit’s correlation with commodity markets appears to be back on again courtesy of renewed concerns about China’s economic stability. Australian dollar descends amid commodity rout Monday’s less than inspiring PMI numbers out of China appears to be having a sustained effect, amid a weakening Yuan which is generally seen as a reflection of confidence in the

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