China's decision to cut interest rates for the first time since December 2008 has met with a mixed response as investors try to fathom the implications of the move.
Having spent the past 12 months fine tuning banks' reserve requirements and other policy tools, the People's Bank of China yesterday cut both benchmark lending and deposit rates by 25bps to 6.31% and 3.25%....
The US dollar is close to peaking and the risks now seem to be on the downside.
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