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Flash: Chinese near term policy easing unlikely – TD securities

FXstreet.com (London) - TD Securities research teams noted that the property price inflation remained strong in April despite new government measures to cool the market.

Prices of new homes rose in 67 of 70 cities surveyed (was 68 in March), though the m/m pace of the increase generally moderated in April, after big rises in March. They suggest that the ongoing buoyancy of the property market, combined with recent comments by Chinese authorities, underlines their view that near term policy easing is unlikely.

Forex: EUR/USD eases off highs during muted trading

The EUR/USD has been trading positively Monday, recently operating in the heights of 1.2879 (session high) – however in recent moments the cross has eased back to the 1.2966/69 level during European trading.
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Forex: GBP/USD retreats from highs

After climbing to session highs in the boundaries of 1.5220, the upside in the pound lost momentum and returned to sub 1.5200 levels on Monday...
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