Aussie Weakness Signals Diminishing Returns of Chinese Stimulus

Updated on
  • Aussie has dropped 16% since PBOC easing started last November
  • Economists predict China to lower growth target from about 7%

If the Australian dollar’s performance is any guide, Chinese monetary stimulus faces an uphill battle to reverse the economic slump that’s driven down the prices of commodities and the currencies of nations that export them.

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