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.