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China aims to restrict speculative fund in real estate – Bloomberg

As per Bloomberg report, PBOC, China Banking Regulatory Commission and the China Securities Regulatory Commission are worried about heating up of the property market due to speculative activities and thus intend to tighten controls.

NZD/USD cuts through 0.71 on McDermott’s dovish comments

NZD/USD pair breached 0.71 handle and printed a low of 0.7076 after RBNZ’s McDermott called for more monetary easing. Kiwi trades near 50% Fibo The
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GBP/USD finds support just ahead of 1.2300

The bears appear to have faced exhaustion after the latest down move, allowing a brief phase of consolidation in the GBP/USD pair ahead of 1.23 handle
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