The Australian dollar strengthened against other major currencies in the Asian session on Thursday, after the People's Bank of China maintained its benchmark lending rates for the sixth straight month.
The PBoC kept its one-year loan prime rate unchanged at 3.0 percent today. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The decision came in line with expectations.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.