The People’s Bank of China (PBOC) held its benchmark Loan Prime Rates (LPR) steady at its June fixing on Thursday, maintaining the 1-year LPR at 3.45% and the 5-year LPR at 3.95%. The decision, widely anticipated by markets, comes amid a fragile economic recovery and persistent deflationary pressures in the world’s second-largest economy. For forex traders, the focus quickly shifted to the implications for the Australian Dollar (AUD), a currency highly sensitive to Chinese economic data and policy signals.