The Chinese yuan is continuing its gains against the US dollar to kick off the trading week. The yuanâs strength was buoyed by the central bank pumping more liquidity into the system and leaving interest rates unchanged for the fourth consecutive month. After breaking below the seven against the greenback, the yuan has been steadily testing 6.9. How much better can it get for the currency? On Monday, the Peopleâs Bank of China (PBoC) […]
Read moreThe Australian versus the United States dollar currency pair seems to have lost its steam. Is that really so, or are the bulls setting up a masterplan? Long-term perspective The appreciation from the 0.5701 low managed to etch the 0.7243 high. In this endeavor, important resistance levels were conquered, including 0.7010, which allowed a strong movement towards 0.7191. However, to be noted is that the supportive trendline has been […]
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