AUD/USD flows: Regional sentiment not impressed by NPC's "around 5% growth"

Reuters reported China will target around 5% 2024 GDP growth in their work report, which is a similar target for 2023. However, the budget deficit is targeted to be lower in 2024 than 2023 and the proposed stimulus does not seem to be enough to bring the Chinese economy out from current turmoil. Regional sentiment is not impressed with SSE barely in the green with "National Team"'s buying sighted and HSI dropping close to 3%. 

The soft sentiment dragged AUD/USD down 0.28% to 0.6491.