#CurrencyWars 🕊️🕊️🕊️ Told u, interesting day 🦘
🐮🐄🐑🐏 #CurrencyWar the Lord of the Ring edition.
a) On 5 August, as the RBA was preparing to chill after slashing 50bps, the PBOC fixes the CNY weaker, & so the AUD appreciated against precious customers 🐄🦘🐨😱
b) RBA held
c) CNY fix weaker
d) NZD slashed🔪
e) AUD down!
ON SALE!!! #CurrencyWar
#CurrencyWars India edition 🇮🇳 🕊️🕊️🕊️🕊️
a) CNY fix was weaker-than-expected
b) RBNZ was like, I will follow wherever YUAN (you) go😉& 🔪rates by 50bps & NZD -1.9% vs USD
c) AUD -0.7% as doesn't want to be left behind
d) RBI 🔪rates by 35bps & INR weakens vs USD & CNY