3min chapter

Market Depth cover image

China Pushes Yuan Aggressively Higher As Corporate Bonds Implode

Market Depth

CHAPTER

The Aussie Dollar Rebounds

The super strong you on fix at 9.15 AM local time, that took the dollar spot index DXY decisive downwards with it. That was shot number one of three that was fired off today out of the PBOC. Number two was simply more of the same of late state banks directed to sell dollars and buy you on. This is how dollar you on and arguably also Aussie dollar remained basically immune from the broader dollar rebound in intraday trading.

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