Confidence Badly Shaken, page-25

I agree. However, if you have converted CNY straight into $A using a currency converter then it will not be correct, for some reason. I've tried this before and it over states the price compared to what I read on blogs such as Macrobusiness. No idea why. In any case, these futures are providing a glimpse of the direction and sentiment of the market, which currently is quite poor. These futures have dropped over 100 points in approximately 10 days which, even in % terms, is not a good sign. Further it goes, closer it is to the bottom though.