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Apr 17 - 08:55 PM

AUD/USD - Gets A Mild Lift As China Cuts Banks' Reserve Ratio

By Ewen Chew  —  Apr 17 - 07:50 PM
  • AUD/USD creeps up to 0.7399 from Fri close 0.7390

  • Still inside Bollinger downtrend channel for now

  • Mon close above 0.7433 needed to shed bearish bias

  • China's c.bank cut banks' reserve ratio 25bps nL4N2SP01V

  • Moderate broad-based easing was strong hinted at last week

  • But China kept key MLF interest rate unchanged nL2N2WD01L

  • For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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