AUD/USD closely tracking USD/CNH as the yuan weakens, suggesting a potential retest of key reversal zone. Strong correlation between USD/CNH and US interest rate expectations continues to drive price action. USD/CNH is now influencing AUD/USD movements. Overview The Chinese yuan (USD/CNH) and Australian dollar (AUD/USD) have been moving almost in lockstep, showing a tight correlation...
AUD/USD, USD/CNH: Watch for Reversal as Yuan Pressure Builds on Aussie | Investing.com
