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Australia's inflation has fallen significantly.
July data showed that both Australia's headline and core inflation rates fell to four-year lows, reflecting the effectiveness of monetary policy tightening.
The RMB exchange rate has stabilized.
Recent fluctuations in the RMB against the US dollar have narrowed. The market is taking a wait-and-see approach to the resurgence of the domestic epidemic and the direction of the US dollar. It is likely to remain range-bound in the short term.
China's bond yields hit a new low.
Affected by the impact of the domestic epidemic on economic expectations, China's 10-year government bond yield fell below 2.80%, hitting a 13-month low. Market expectations for further easing from the central bank are growing.
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