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China State Council: To step up proactive fiscal policy

Headlines crossed the wires from China’s State Council, via MNI, citing that the Chinese government will take fresh initiative to step up fiscal reforms.

Key Headlines:

China govt to boost investment in rural power grid, telecom

China govt to encourage policy banks to step up loan support

China govt to step up proactive fiscal policy   

USD/CHF flat-lined around 200-DMA, awaits US data

The USD/CHF pair extends its side-trend in the European session this Tuesday, USD/CHF unable to resist above 0.9800 Currently, the USD/CHF pair trad
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