AUD/USD flows: Chinese equity market reopened higher

The Chinese equity market had reopened higher after observing the Lunar New Year. While over the weekend, the Medium-term Lending Facility rate was left unchanged, there has been rumor about a potential cut in 5yr rate, which seems to be boosting the equity performance. The reference rate has been fixed higher than market estimate for the onshore Yuan, which also gave the Aussie some support.

AUD/USD is trading 0.2% higher on positive regional sentiment and broadly weaker U.S. Dollar.