AUD/USD higher after yuan set higher

<p>The AUD is a dog on a lead, yuan in charge. </p><p>Earlier, </p><p>a higher than expected reference rate for the CNY (lower than expected USD/CNY):</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-sets-usd-cny-central-rate-at-72098-vs-estimate-at-72194-20230627/" target="_blank" rel="follow" data-article-link="true">PBOC sets USD/ CNY central rate at 7.2098 (vs. estimate at 7.2194)</a></li></ul><p>Offshore yuan rose:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-set-the-onshore-yuan-stronger-than-expected-usdcnh-tumbling-20230627/" target="_blank" rel="follow" data-article-link="true">PBOC set the onshore yuan stronger thann expected, USD/CNH tumbling</a></li></ul><p>And its<a href="https://www.forexlive.com/centralbank/offshore-yuan-is-leaping-higher-20230627/" target="_blank" rel="follow"> higher again (lower USD/CNY</a>)</p><p>AUD/USD following the yuan higher:</p>

This article was written by Eamonn Sheridan at www.forexlive.com.