Friday: US$ strong vs euro on inflation divergence

The US dollar is stronger against the euro this morning after solid US consumer spending and inflation data contrasted with and more moderate inflation signs from Europe. In part two of a bonus deep-dive interview, ANZ’s Chief Economist for Greater China Raymond Yeung explains how China’s authorities are working to stop a slump in apartment prices that would threaten a ‘black swan’ event. Before accessing this podcast, please read the disclaimer at https://www.anz.com/institutional/five-in-five-podcast/