China Premier Li: Economy is facing new downward pressure

Market news

19 November 2021

China Premier Li: Economy is facing new downward pressure

China’s Premier Li Keqiang said on Friday, the economy is facing new downward pressure.

Additional quotes

“Will take measures to reduce the pressure of high commodity prices.”

“Will keep yuan exchange rate basically stable.”

“Domestic and foreign situation still complex and severe.”

Market reaction

The aussie is unfazed by the above comments, as AUD/USD keeps its range below 0.7300.

The spot is now trading at 0.7282, modestly flat on the day.

Currencies. Daily history for Friday, November 19, 2021

Commodities. Daily history for Thursday, November 18, 2021

Market Focus

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