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Published: 2024-06-11T04:03:15.000Z

AUD/USD flows: Depressed sentiment

byCephas Kin Long Yung

FX Analyst
2

Chinese Builder Dexin Receives Liquidation Order From Hong Kong Court

Yuan reached yearly low and see National Team stepping in 

After the PBoC fixed yuan at the weakest since January, USD/CNY has weakened to level last seen in November 2023 and the "National Team" stepped in to sell USD to buy Yuan. Chinese Builder Dexin Receives Liquidation Order From Hong Kong Court. Chinese equity sentiment seems to be affected and is down by more than a percent, so as HK equities. 

With major sentiment soft, AUD/USD is trading 0.23% at 0.6595.

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Topics
Foreign Exchange
Flows
AUD/USD-Commentary

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