Australian Dollar recovers recent losses amid stronger CNY, weaker US Dollar

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Australian Dollar recovers recent losses amid stronger CNY, weaker US Dollar
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The Australian Dollar (AUD) starts the week by recovering its recent losses registered in the previous session.

Australian Dollar rises on stronger Chinese Yuan and higher ASX 200 on Monday. Australia's government has committed to backing a minimum wage increase aligned with inflation in 2024. CNY experienced a significant upward movement due to FX intervention, with Chinese major state banks observed selling USD/CNY. The Australian Dollar starts the week by recovering its recent losses registered in the previous session.

00% -0.22% 0.04% -0.16% 0.08% CAD 0.13% 0.02% 0.00% -0.22% 0.04% -0.17% 0.08% AUD 0.37% 0.24% 0.23% 0.23% 0.25% 0.02% 0.31% JPY 0.08% -0.02% 0.04% -0.02% -0.26% -0.24% 0.06% NZD 0.30% 0.23% 0.21% 0.21% -0.02% 0.24% 0.30% CHF 0.06% -0.07% -0.09% -0.08% -0.31% -0.03% -0.25% The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row.

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