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24 Feb 2014
Flash: All eyes on CNY and CNH price action - Westpac
FXStreet (Bali) - In Asia, attention will be on the CNY and CNH after the sharp sell-off, which weighed on the Aussie, notes Sean Callow, FX Strategist at Westpac.
Key Quotes
"The fixing (around 9:15am local time) is probably less influential than price action in CNH, which is not formally linked to the daily onshore fixing and finished the week slightly weaker than CNY, 6.0933 versus 6.0912."
Key Quotes
"The fixing (around 9:15am local time) is probably less influential than price action in CNH, which is not formally linked to the daily onshore fixing and finished the week slightly weaker than CNY, 6.0933 versus 6.0912."