China’s bonds continue to rally (yields lower) as the economy barely stumbles along.
We’ll get an economic data update over the weekend:
Critical data coming for AUD/USD … this weekend! (Spoiler – China data)
If there is a brgith spot it’s the rally for CNH that has given some breathing apce to the People’s Bank of China should they wish to cut rates:
Mortgage rates look to drop:
Reports that China set to cut interest rates on more than $5 trln of outstanding mortgages
This article was written by Eamonn Sheridan at www.forexlive.com.
