Europeans Lag as Commodity Currencies Ride the Wave of Optimism
Australian Dollar advanced during Asian session, bolstered by stronger than anticipated data emanating from China and the injection of CNY 191B of fresh liquidity into the banking system by PBoC. The injection, which involved CNY 34B through 14-day reverse repos at a reduced rate of 1.95%, down from the prior 2.15%, followed the Chinese central bank's decision to cut reserve requirement ratio for all banks by 25bps a day earlier.
Source: actionforex.com
