The PBoC prime loan rate decisions: Cut by 5 basis points for 1 and 5 year rates

The PBoC prime loan rate decisions which are announced by the People´s Bank of China arrived as follows: Cut by 5 basis points for both the for 1 and
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AUD/USD stays below 21-day EMA as sellers follow US-China jitters, PBOC rate decision

In addition to the US-China arguments over Hong Kong, sluggish AU data and PBOC’s support for easy money keep AUD/USD under pressure below 21-day EMA.
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