US dollar hovering around five-week high against major peers.
on Monday rolled over maturing medium-term policy loans while keeping interest rates unchanged, despite disappointing data last week that fuelled concerns about a global slowdown.
"However, with China's data throwing up a few concerns of late - we've seen poor import, PPI, and loan data - China's growth is very much at the heart of market moves," said Weston. Joseph Capurso, head of International Economics at Commonwealth Bank of Australia, believes the persistence of U.S. inflation would take out the pricing for near term cuts to the Funds rate, and contribute to a recovery in the dollar in coming months.
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