USD/CNY continues to lose ground this week. Currently, the pair is trading at 6.9374, down 0.10% on the day. On Tuesday, the yuan touched a 5-month high against the dollar. There are no Chinese events on the schedule. On Thursday, China releases CPI, which could trigger stronger movement from the pair.
AUD/USD has steadied on Wednesday, after falling 1.1% on Tuesday. This was the sharpest one-day decline since April. Currently, the pair is trading at 0.6882, up 0.32% on the day. There was good news from the construction industry, as Building Approvals jumped 11.8%, its sharpest gain since February.
NZD/USD has recorded gains on Wednesday, recovering the losses from a day earlier. Currently, NZD/USD is trading at 0.6670, up 0.46% on the day. The New Zealand dollar remains under pressure, as it has lost close to 1.0% since the start of the year.