Further policy easing from PBOC can be seen as a positive for AUD - CBA

From the Commonwealth Bank of Australia's Elias Haddad, Sydney-based senior currency strategist:

• Signals from PBOC governor that further policy easing may be forthcoming can be seen as positive for both Australia's dollar and commodity prices
• "AUD/USD may be supported even if this week's China PMI data surprises to the downside. Nonetheless, Chinese policy makers need to walk the walk and stop talking the talk on monetary stimulus for a more sustainable AUD support"

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ps.Comments from People’s Bank of China Governor Zhao over the weekend