Forex Consulting

What’s causing a drag on the AUD?

The aussie has been one of the worst performing major currencies over the last 3 months The AUD was one of the darlings of the currency market up until August. But over the last 3 months, it’s been downhill after temporarily breaching 0.8000 against the USD – dropping 5%. Copyright 2015 Forexlive.com

Forex Consulting

PBOC issued 404bln yuan via MLF in Nov

Data just out from China’s CB 1 Dec – total of 24.18blon yuan via SLF – 630mln via o/n facility – 15.85bln for 7 day period via SLF – 7.7bln for 1 month via SLF The PBOC uses the MLF (medium term lending facility) and SLF (standing lending facility) as tools for managing short and…