AUD,NZD/FXWW News

Chinese funding squeeze also weighing on the AUD

Our hedge fund insider https://twitter.com/FXWW888 is reporting that short-term Repo rates are up 375bps at 12% and this is definitely a serious serious squeeze. This is naturally weighing on AUD sentiment as well. Not sure why the PBOC hasn’t eased the situation but maybe they are taking the heavy sledge hammer to property speculation.

  1. It looks like China is having a credit seizure like the days post-Lehman, not merely a squeeze. Why the PBOC isn’t stepping in is beyond my comprehension. Maybe China is just immune to bank collapses?

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