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AUD, NZD, JPY all higher following the PBoC FX RRR cut, the first since September 2022

Eamonn Sheridan
01/09/2023 | 01:21 GMT

News is here:

  • People's Bank of China to cut FX RRR from 6% to 4% from September 15

More in that post but the effect, in brief, is a supportive move for the yuan.

CNH, AUD, NZD and yen all caught a bid.

audusd 01 September 2023 yuan support

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