China to tighten scrutiny of LGFVs as Beijing addresses municipal debt woes

According to Reuters on Tuesday, China will tighten monitoring on several thousand local government financial vehicles (LGFVs), barring new LGFVs from
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EUR/USD remains on the defensive below mid-1.0700s, looks to German ZEW survey

The EUR/USD pair struggles to capitalize on the overnight strong move up to a four-day high and trades with a mild negative bias during the Asian sess
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