If you were wondering what's been moving the Australian dollar this week, this chart has the answer

Jamie Squire/Getty Images

Here’s something that may interest a few currency traders out there, especially those who like to dabble in the AUD/USD.

It’s a 30-minute chart of the AUD/USD (white) overlaid against the USD/CNY (red), offshore trade yuan, so far this week. The scale for the latter has been inversed.

Thomson ReutersAUD/USD v USD/CNH (Inverted) 30-Minute Chart.

If there was any doubt as to what’s been driving movement in the AUD/USD this week, there shouldn’t be now.

Despite a raft of economic data and an interest rate decision from the Reserve Bank of Australia, the movements in the offshore traded yuan against the greenback has been the only game in town.

Ahead of the introduction of proposed tariffs on Chinese imports to the United States on Friday, and with US markets on holiday today, it’s likely the yuan will remain the only game in town in the days ahead.

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.