AUD down sharply after latest PBOC fix

FXStreet (Bali) – AUD is falling off a cliff from its session highs after a surprising move by China, which has weakened the yuan reference rate by 1.9%, a move that represents the largest 1-day adjustment on record. The latest Yuan reference rate was set at 6.2298, prior close 6.2097.

AUD is falling off a cliff from its session highs after a surprising move by China, which has weakened the yuan reference rate by 1.9%, a move that represents the largest 1-day adjustment on record. The latest Yuan reference rate was set at 6.2298, prior close 6.2097.

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