China rate cuts info is at these links, cuts to both the MLF and reverse repo rate:
The People's Bank of China cut the MLF to 2.5% from 2.65 previously:
And cut the reverse repo rate to 1.8% from 1.9% previously
And the RBA minutes:
The minutes indicate a patient RBA.
Also out were wages data, a miss. These will not be a factor prompting the RBA to hike again any time soon:
The yuan is lower also:
It all adds up to AUD being marked down:
