Dollar off to sluggish start, Aussie hails China stimulus


SYDNEY: The dollar got off to a sleepy start on Monday, in contrast to a more sprightly performance by its Australian and New Zealand peers in the wake of China's latest stimulus injection.

The People's Bank of China (PBOC) on Sunday cut the amount of cash that banks must hold as reserves (RRR) in the latest attempt to help spur bank lending and combat slowing growth.

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