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During the early Asian session, the AUD/USD pair rises towards 0.6325, supported by upcoming Chinese data
AUD/USD rose to 0.6325, supported by China’s economic measures and a weaker US Dollar; key data expected.
Shenzhen is easing its housing finance regulations to boost the property market and support families
Shenzhen raises housing provident fund loan limits, benefiting first-time buyers and families with multiple children.
China aims to enhance economic growth through income increases and initiatives to boost consumption
China boosts consumption by raising incomes, stabilising markets, and encouraging births to counter deflation, impacting AUD/USD.
In February, New Zealand’s services PMI fell to 49.1, indicating a return to contraction
New Zealand’s services sector contracted in February, with the PSI falling to 49.1 from January’s 50.4.
In Shenzhen, the local government is easing housing finance rules to boost property sales and alleviate surplus
