Go figure We’re up at .8325. You can thank Joe for that one when he gets in.
Sits at .8297. Well they been buying aussie lately, so why not a little kiwi.
Looks like the AUD market might have been a tad short in expectation of a poorer number and now we’re seeing some mild short covering; AUD/USD is at 1.0420 compared with 1.0400 before the number.
Important for Biden to give clear message US will protect value of treasury holdings In reply US Vice President says China has “nothing to worry about” concerning US treasuries
Beijing new home prices +1.3% in July YoY (June was +2.2%) Shanghai +1.4% (2.2%)
NDRC Governor Zhang Ping also sees China growing at an average of around 7% per annum over next 5 years (Reuters newswires)
An editorial in today’s China Securities Journal is calling for a widening of the USD/CNY trading band from its current o.5%. USD/CNY was fixed at a renewed record low yesterday at 6.3950 and the Chinese authorities seem ready to allow … Continue reading