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by Ashraf Laidi
Posted: Jun 24, 2013 14:03
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This thread was started in response to the Media:

أشرف العايدي على قناة العربية -- 24 يونيو2013

As Chinese money market ratres hit 6-year highs, the PBOC noted the spike in rates was a result of falling FX capital flows and excessive reliance on short-term borrowing by some banks. There is talk of a reduction in the minimum reserve requirmenet ratio (RRR), which had not been cut since May 2012. Combining the stresses in China's banking system with ultra-low rates in Australia, the case for going against the Aussie remains strong. AUD is already the worst performer this year, down 11% against the USD, underperforming even the Japanese yen. FX traders with more creativity, can consider getting on the dips in EURAUD and capping the bounce in AUDCHF.