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20 Mar 2014
China sneezes and…AUD eye’s CNY, back below 6.20 – Rabobank
FXStreet (Guatemala) - Analysts at Rabobank noted the price action in the AUD and note CNY also, China sneezes and...
Key Quotes:
“Down-under AUD, which has surprisingly managed to shrug off a series of weak Chinese numbers recently (despite the fact that from an export perspective alone, when China sneezes, Australia risks catching bird ‘flu) could not fight the trend back towards the USD and was at around 90.30 in early AsianThursday trading, almost a cent lower on the previous session”.
“CNY meanwhile briefly broke through 6.20 yesterday but was back below that level this morning”.
Key Quotes:
“Down-under AUD, which has surprisingly managed to shrug off a series of weak Chinese numbers recently (despite the fact that from an export perspective alone, when China sneezes, Australia risks catching bird ‘flu) could not fight the trend back towards the USD and was at around 90.30 in early AsianThursday trading, almost a cent lower on the previous session”.
“CNY meanwhile briefly broke through 6.20 yesterday but was back below that level this morning”.