Published: 2024-03-25T05:18:31.000Z
AUD/USD flows: Proxy Support
FX Analyst
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PBoC fixed onshore yuan rate strongest in almost a year
"National Team" also seen buying
The Aussie is gaining proxy support from the Yuan on Monday. The PBoC has fixed onshore yuan rate strongest in almost a year and the "National Team" is also seen buying, to support the Chinese Yuan after its big loss on Friday. Regional sentiment is positive in China and Hong Kong, U.S. equities little changed and Japan's Nikkei falls.
AUD/USD is trading 0.14% higher at 0.6523.