The AUD/USD is attempting a recovery in the early going of the Asian trade, having now regained the 0.93 handle following new multi-year lows at 0.9261. The key event during Asia will be the the HSBC version of Chinese manufacturing PMI, which as pointed by FXWW Founder Sean Lee, "should also have an impact on market volatility ...
The unresponsive stance by the PBoC refusing to intervene on China's interbank liquidity following the latest credit developments is a sign, according to Nomura Economists Zhiwei Zhang and Wendy Chenthat, that the PBoC wants tighter policies and will tolerate individual defaults to contain wider financial risks.
|US: 0.25%||EMU: 0.5%||UK: 0.5%||JP: 0.1%||CH: 0%||CA: 1%||AU: 2.75%||NZ: 2.5%|
To celebrate The Forex Day conference in Madrid, we offer DISCOUNTS on our educational DVD's. Up to 55% off!
|Forex Watchers||BUY LI||>1.3352||-||-|
|MIG Bank||SELL LMTemail@example.com||1.5906||1.5762|
|Danske Bank A/S||BUY LMTfirstname.lastname@example.org||0.8516||0.8656|
|Danske Bank A/S||SELL LMTemail@example.com||150.80||145.95|