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AUD to USD Forecast: China Stimulus Plans and US Inflation in the Spotlight
The AUD/USD gained 0.11% on Thursday. Reversing a 0.03% loss from Wednesday, the Australian dollar ended the session at $0.65846. The Australian dollar rose to a high of $0.66098 before falling to a low of $0.65660. China Stimulus and Iron Ore Demand Stimulus measures from Beijing delivered the AUD/USD a Thursday session high of $0.66098. On Wednesday, the PBoC announced plans to cut the Reserve Requirement Ratio (RRR) by 0.5 percentage points on February 5. Significantly, the PBoC also said further policy measures are on the horizon to boost bank lending to qualified developers. An improving real estate market could ... (full story)