China rolls out property policies across nation to fix slump – Bloomberg

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“A flurry of Chinese cities are rolling out measures to boost housing demand, signaling the government’s intention to arrest a property crisis,” reported Bloomberg during early Wednesday morning in Europe.

AUD/USD benefits from the positive news as it picks up bids to 0.6740 by the press time. The reason could also be linked to the US dollar’s consolidation of the inflation-led gains amid a sluggish session.

Also read: AUD/USD rebounds to 0.6750 on US dollar pullback ahead of second-tier data, Fed

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