China Securities Journal: China has room for RRR cuts

FXStreet (Bali) - According to China Securities Journal, in a headline carried by Bloomberg, China has room for further RRR - reserve requirement ratio - cuts.

If a new cut were to materialize, it would have a positive impact on the Australian Dollar, although it is worth reminding traders that the last time China went ahead with an RRR cut, the appreciation in the AUD was short-lived.