USD/CNH was a touch firmer for a 3rd consecutive session this week, tracking USD/CNY fix which was set higher again – today at 7.1108 vs 7.1089 on Tuesday and 7.1072 on Monday vs. 7.1030 last Friday. Pair was last at 7.1451, OCBC's FX analysts Frances Cheung and Christopher Wong note.
AUD/JPY continues its winning streak that began on August 21, trading around 97.00 during the Asian hours on Wednesday. The currency cross gains ground following the release of Australia’s Q2 Gross Domestic Product and China’s Caixin Services Purchasing Managers’ Index (PMI).
Bitcoin (BTC) shows subtle signs of strength following a rebound above $110,000 on Tuesday as traders look out for a macroeconomic lifeline ahead of the United States (US) Federal Reserve's (Fed) September interest rate decision.