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China's uninspiring growth may steady in H2 - Think tank

FXStreet (Bali) - China's lackluster economic progress may see a phase of stabilization during the second semester of this year, according to Fan Jianping, Chief Economist at the State Information Centre, cited via the state-controlled China Securities Journal.

Jianping told the China Securities Journal, and reported by Reuters, that "China's growth trajectory will be "L" shaped, rather than "V" shaped, and it is difficult to predict when the world's second-largest economy will rebound." According to the Economist, there is further room to engage in expansionary policies by the PBOC via lower interest rates and reserve requirement ratio (RRR).

Australia's falling capex a signal of growth challenges - Moody's

Moody's credit outlook, released today, notes that Australia's disappointing capital expenditure figures last week is a signal of growth challenges, Bloomberg reports.
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AUD seasonals: Neutral to bullish in June

Seasonals, which should be taken with a grain of salt as a stand-alone indicator, although carrying value when complementing one's analysis, suggest a month of neutral to bullish bias in the Aussie, according to data collected via Reuters tracking June price action since 2005 to date.
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