FX VOICE: Australia's close ties to China
Australia is deepening its ties to China, having invested 5% of its foreign reserves in Chinese bonds and arranging to trade directly with China in renminbi. What does this mean for the Australian dollar? CT asks the experts.
Mitul Kotecha, head of global FX strategy, Credit Agricole CIB (pictured):
The performance of the Australian dollar has increasingly moved in sync with developments in China from varying angles.
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