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Published: 2024-04-29T04:09:45.000Z

AUD/USD flows: Boosted by Chinese property Sector Relieves

byCephas Kin Long Yung

FX Analyst
-

Chengdu, in southwest China, has removed home-buying curbs

Over the weekend, China has removed home-buying restrictions for Chengdu. Chinese property sector cheered another supportive measures and should further relieve some pressure. Regional sentiment got a shot in the arm with both the Chinese and Hong Kong equity indexes in the green and up around a percent while U.S. 3 major equity indexes under performed but still have some earnest gains.

AUD/USD is supported and trades 0.54% higher at 0.6569.

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Topics
Foreign Exchange
Flows
AUD/USD-Commentary

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