The People’s Bank of China (PBOC) lowered the Chinese currency’s midpoint for the sixth straight day to its weakest in six months. As a result, USDCNH surged to a high of 6.6160, the highest since December 2017. The trade-sensitive Australian dollar also weakened, with AUDUSD dropping towards a 13-month low of $0.7345 reached last week.
Crude oil jumps on U.S. push to allies to cut oil imports from Iran
Daily Analysis - 27/06/2018