ForexLive Asia-Pacific FX news wrap: China cuts rates
China
cut its
one-year
loan prime rate (LPR) to 3.65% from 3.7% and the five-year LPR to
4.30% from 4.45% on Monday.
The
cuts to LPRs were widely expected. A 10bp cut to the 1-year was the
consensus expected, not the 5bp cut delivered.…