💨 Abstract
China's yuan hit a 16-month high on Tuesday due to stimulus measures, with the Australian dollar also touching a 2024 peak after the central bank reiterated its focus on inflation. Beijing's new measures include a potential 50 basis point cut to banks' reserve requirements and potential easing in lending rates, along with property market support.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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