Tonight 2pm Mel time - will effect Aud - short term trading opportunity will come.

http://www.marketwatch.com/story/chi...-05-2011-02-18

HONG KONG (MarketWatch) -- The People's Bank of China late Friday hiked the ratio of reserves banks are required to set aside by 0.5%, the second such hike this year, according to the official Xinhua news agency, which cited a statement by the central bank. The adjustment will bring the official reserve requirement ratio for big banks to 19.5% effective Feb. 24., the report said.