China’s Finance Ministry: Will strive to stabilize employment and prices

China’s Finance Ministry said in a statement on Tuesday, they will strive to stabilize employment and prices.

Additional comments

Will make good use of local govt special bonds in H2.

Will strictly curb new local govt hidden debt in H2.

Market reaction

AUD/USD shows little to no reaction on the above headlines. The spot is currently trading at 0.6880, down 0.30% on the day.