As markets await key U.S. inflation figures this Good Friday, the focus is swinging to a sudden resurgence in yuan volatility. After months of flatlining...
As markets await key U.S. inflation figures this Good Friday, the focus is swinging to a sudden resurgence in yuan volatility.
Against the yen, the yuan has made a three-decade high, which NAB analysts think may have motivated China's FX authorities to loosen their grip on the currency. Aussie dollar short positions jumped last week and the currency has struggled to escape a narrow range this year. The New Zealand dollar, also sensitive to the yuan, has fallen through support to four-month lows and looks to be under pressure.The European calendar is fairly bare on Tuesday, while second-tier data is due in the U.S. with consumer confidence, manufacturing, services and durable goods figures expected.
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