Forex news for Asia trading Monday 21 March 2016
The week got off to a slow start. Australia’s PM Turnbull moved closer toward pushing a double distribution election and that seemed to put a lid on the AUDUSD. Weekend news that PBOC warned of rising debt also helped pressure both the NZD and the AUD. The PBOC set yuan lower at 6.4824 (vs. 6.4730)