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USD Marginally Pressured After Yuan Fix

CROSS ASSET

The USD has been marginally pressured after the latest Yuan fixing, the CNY reference rate was set at 7.2098 vs an estimate of 7.2209.

  • AUD is ~0.3% firmer, AUD/USD prints at $0.6690/95. Resistance is at $0.6731 20-Day EMA. USD/CNH is down ~0.2%. BBDXY is down ~0.1%.
  • Elsewhere E-minis are up ~0.1% having retreated from early session highs. US Treasury Yields are a touch lower across the curve.

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