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China's new home prices and the real estate market

China's new home prices higher in 2016

China's new home prices climbed at the fastest pace last year, since 2011, upon the fears of probable disastrous economic consequences.

China focuses on economic expansion

The Chinese government, back in 2016, was focusing on economic expansion via boosting its real estate market.

China's yearly gross domestic product growth to be released on Friday is expected to show a growth of approximately 6.5% to 7%.

U.S. dollar regains momentum

The U.S. dollar turned higher today, as the traders and the investors wait for Janet Yellen's, FED Chair, speech
The U.S. dollar index traded to 100.52, rising 0.25%, slightly lower than yesterday's 100.47 level.

The USD/JPY pair traded to 113.17, appreciating 0.51%, whereas the EUR/USD aimed lower to 1.0693, declining 0.19%. The GBP/USD pair traded at 1.2327, falling 0.65%.

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ArgusFX Review

Wednesday, 18 Jan, 2017 / 9:48

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/china-s-new-home-prices-and-the-real-estate-market

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