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💱🔻Australian Dollar Fails to Catch Down With Yuan: Cable FX Macro

  • Thursday session saw the dollar/on-shore yuan rise to the highest level since 2007 as Chinese economy prospects continue to concern market participants

  • USD/CNH last at 7.3373, up 164p on day, the Cable FX Macro Dollar Index is trading with marginal gains

  • Despite the weakness, we are noting the Australian dollar failing to catch lower to the yuan. Historically, the AUD holds among the highest betas/R2s to the yuan


 
 
 

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