Data last week showed the world's second-largest economy grew 6.9% between July and September from a year earlier, dipping below 7% for the first time since the global financial crisis, though some market watchers believe current growth is much weaker than government figures suggest.
To shore up growth, the government has cut interest rates six times since November and lowered the amount of cash that banks must hold as reserves four times this year. The latest cut in interest rates and banks' reserve requirement came in late October. Non-Manufacturing PMI figures showed declien to 53.1 in October from 53.4 in September.
Aussie opened the session at 0.7130 area. Pair is likely to find support around 0.7080 level and resistance above 0.7160 area. Later today, from Australia Building Approvals, while from China Caixin Manufacturing PMI figures are scheduled for a release.
