According to Reuters on Tuesday, China will tighten monitoring on several thousand local government financial vehicles (LGFVs), barring new LGFVs from selling bonds publicly, to close loopholes in a strategy to handle municipal debt difficulties. two people with knowledge of the topic said.

Market reaction

With the positive development news in China, AUD/USD climbs above 0.6400, and NZD/USD edges higher to 0.5917 at the press time