PBOC rate cuts: 7-day RR to 1.4% (from 1.5%), LPR 10bp cut also, RRR 50 bp cut

The cut announcement from PBOC Governor Pan have lent a bid to the China proxy trade, AUD/USD above 0.6510, for example.

This article was written by Eamonn Sheridan at www.forexlive.com.