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