USD/CNH keeps surging, AUD under pressure

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Bali) - Ahead of the PBOX fix, the USD/CNH is soaring towards 6.61 from a NY close of 6.60, causing risk assets to come under pressure (AUD down, Yen bid), as it suggests markets might potentially be expecting a higher USD/CNY fix by the Chinese Central Bank today.
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