Published: 2024-10-10T04:10:03.000Z
AUD/USD flows: Regional sentiment vibrant
FX Analyst
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PBOC to establish securities, funds to aid capital market stability
Regional sentiment is vibrant on Thursday as market participants cheers on more stimulus expectation from the Chinese government. PBoC announced they will be establishing securities, funds to aid capital market stability, indirectly increasing liquidity in the market.
The HSI is up 4% and Chinese equity indexes are up almost 3%. AUD/USD rose 0.19% to 0.6731.