Ex-PBoC official: China’s property downturn may continue for two more years

The People’s Bank of China's (PBoC) former director Sheng Songchen said on Saturday at a forum in Shanghai that the property downturn in China may continue for two more years before gaining stability, per Bloomberg.
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EUR/USD posts modest gains above 1.0950 ahead of Eurozone Industrial Production data

The EUR/USD pair posts modest gains during the early Asian session on Monday.
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