XE Market Analysis: North America – Aug 08, 2019

Some Yen weakness and a rebound in the Australian Dollar have been the main themes so far today among the main currencies. An unexpected rise in Chinese exports in July helped buoy both investor spirits and the Aussie buck, the latter by way of its status as a China proxy. And, while the PBoC’s official fixing of the onshore Yuan today was at a new 10-year plus low against the dollar, at 7.0039 (versus 6.9996 yesterday), it was still a little firmer than markets had been anticipating.

Source: XE news feed
XE Market Analysis: North America – Aug 08, 2019