China reportedly considers frontloading stimulus to counter hit from tariffs

If they’re not considering to weaponise the yuan, then they have to do something else. Interest rate and reserve ratio requirement cuts are very much expected already but the suggestion in the headline here is that they might go big in the next round.

The aussie is getting a minor lift from this, up from 0.6025 earlier to a high of 0.6060 before pulling back a little. With peak fear in markets, it’ll be hard to sustain a turnaround just on this alone.

This article was written by Justin Low at www.forexlive.com.