China's Cabinet: We will strengthen fiscal and monetary policies to support employment - Chinese state media

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16 August 2021

China's Cabinet: We will strengthen fiscal and monetary policies to support employment - Chinese state media

We will improve policies to counter increase in commodity prices
We will step up cross-cyclical adjustments, keep economic operations within reasonable range
We will make effective use of funds freed up by RRR cut to help smaller businesses

European session review: USD gains as weaker-than-expected economic data out of China bolster demand for safe-haven currencies

USD/JPY: Aggressive sell-off to extend back to August lows at 108.86/70 - Credit Suisse

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