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.