China’s State Council issues measures to restore and expand consumption

Dhwani Mehta FXStreet

Following dismal China’s official business PMIs data released on Monday, China issued measures to restore and expand consumption, a document published by the country’s State Council showed.

No further details are provided about the same.

Also read: China's NBS Manufacturing PMI rises to 49.3 in July vs. 49.2 expected

Market reaction

On the above headlines, AUD/USD is sustaining its recovery toward 0.6700, currently trading at 0.6672. The pair is up 0.38% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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