AUD review

Both the Aussie and kiwi dollars started the new week in sluggish fashion despite news of fresh monetary stimulus from China over the weekend. China for the second time this year cut interest rates by 25 basis points to help ward off a deeper slowdown. 

Underlying worries about the health of the world's No. 2 economy weighed on Aussie sentiment. The kiwi was pressured by growing expectations its central bank could follow in the footsteps of its Chinese counterparts and reduce borrowing rates in the months ahead. The RBNZ next meets a month from today on June 11.