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Chart of the Day: Curve Trouble

The real estate sector in China is facing a threat from interest curve, which has taken a turn for the upside as the People's Bank of China (PBoC) shifted its monetary policy stance in response to interest rate increases from the US Federal reserve. 

Interest rates are moving higher and this chart from Nordea markets suggest that they might prove costly for house prices in China.

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Support and resistance levels

EUR/USD
GBP/USD
USD/JPY
GBP/JPY
EUR/CHF
AUD/USD
Apr 26 at 7:53 UTC