ANZ suggest that "risks to China's growth....>

AUSSIE: ANZ suggest that "risks to China's growth outlook have increased amid

speculation that policy makers will use a combination of monetary and fiscal

measures to ease the policy stance. That would certainly provide a temporary

boost to sentiment but we think the impact, for the AUD, would be contained.

Importantly, we think that risks related to China's growth outlook and trade are

only two of a number of issues that the AUD is confronting, and their resolution

in isolation would not signal a broader 'all clear' for the AUD. Factors

weighing on the issue are: 1) the AUD's lack of carry, 2) broad concerns about

global growth, and 3) the G3's continued unwind of policy accommodation."