AUD/USD Rallies to Above 0.78 on China’s RRR Cut
The People’s Bank of China (PBOC) on Sunday cut the amount of cash that banks must hold as reserves (RRR) in the latest attempt to help spur bank lending and combat slowing growth. The Aussie dollar briefly touched a near one-month high of $0.7844, rising from around $0.7785 late in New York on Friday. It …
AUD/USD Rallies to Above 0.78 on China’s RRR Cut Read More »