Pboc

AUD/USD bounces on PBOC & Chinese trade data, but is it a false dawn?

January 13, 2016 2:05 PM
<p>It’s said that the night is blackest just before the dawn, and investors clearly had a very dim short-term outlook on China’s economy earlier this week. After some aggressive action from the People’s Bank of China (PBOC) and better-than-expected trade data, there is a glimmer of hope on the horizon, but only time will tell if it’s a false dawn or...