PBOC may cut RRR, Aussie up - China's Sec Journal

FXstreet.com (Barcelona) - According to the China's Sec Journal, the country's economists are predicting that the PBOC may cut RRR (reserve requirement ratio) going into year-end, which helps explain the rally in the AUD/USD.

AUD/CAD almost paring all previous weekly loses shy of 0.9500

The AUD/CAD foreign exchange cross rate is last quoted near session highs at 0.9488 bids, about to break even for the week this far, having dipped to as low as 0.9352 back in Tuesday's London session.
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AUD/USD rallying on Chinese rumors

AUD/USD rallied to 0.9041 highs on rumors that China may decrease reserve ratio requirements towards the end of the year.
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