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AUD getting another boost from the China intervention to support CNY

  • CNY, CNH both higher
Eamonn Sheridan
25/03/2024 | 02:45 GMT

Post is here on China supporting the yuan:

  • FX intervention - China major state banks seen selling USD/CNY

While the buying of yuan has been for NCy the offshore, CNH, has also benefitted:

yuan intervention usdcnh 25 March 2024 2

AUD/USD is higher again, circa 0.640 as I update.

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  • CNY
  • China Stock Market
  • China
  • CNH
  • pboc
  • AUD
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