After the USD index broke through 107, the offshore RMB returned to 7.25. The central bank once again mentioned exchange rate flexibility, with tolerance for volatility possibly increasing.
① The US dollar index rose and broke through the key level of 107. The offshore renminbi against the US dollar once again reached the 7.25 level, last time was at the end of July. ② The head of the International Department of the People's Bank of China stated that he insists on the decisive role of the market in the formation of exchange rates, maintains the flexibility of exchange rates, and strengthens expectation guidance. The tolerance of management for fluctuations in the renminbi exchange rate may be increasing. The market generally believes that 7.30 is the recent resistance level.
Australian Dollar Extends Gains Despite Mixed PMI
RBA Has the Labor Market Data It Needs to Justify a Rate Cut, CBA Says -- Market Talk
Australia's Judo Bank Manufacturing PMI Improves to 49.4 in November, Services PMI Eases to 49.6
Forex Today: Attention Now Shifts to Japanese Inflation and Global PMIs
AUD Can Fall Towards 0.6360/0.6340 – BBH