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Aussie edged up in a quiet Asian trade

With no data releases from Australia this morning Aussie continued to raise after the PBOC reduced its two prime lending rates on Friday. The People's Bank of China cut its one-year benchmark bank lending rate, as well as its one-year deposit rate and the bank reserve requirement ratio on Friday night, Australian time, to boost spending. Read more...

Aussie traded in a tighter range

There were no major data releases from Australia this morning. The Aussie dollar gained on Tuesday, though it pulled back by the end of the session, after the released minutes of the Reserve Bank of Australia's October board meeting indicated at the time that there wasn't an immediate risk of additional easing while being comfortable with the current exchange rate. Read more...

Aussie lower on speculations of additional stimulus in China

There were no data releases from Australia this morning, with Aussie edging lower. Markets are still focused on developments in China. China has been on holiday for the past week and will return to the markets today. There are hopes of an announcement of additional stimulus and government plans to spark economic growth. Aided by strengthening investor sentiment and further short covering, the Australian dollar continued its good form overnight, rising to a high of 0.7234 before easing to below 0.72 handle. Read more...

Aussie heading toward 0.72 handle

There were no major data releases this morning, however Aussie is still in an uptrend after Tuesday's RBA rate statement. Aussie is also stronger on hopes that China will introduce a massive stimulus program after they return from their week long holiday. Read more...

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