Expansion in 2016 budget deficit will be mainly used for tax cuts - China Cabinet Research Office

Comments from China Cabinet Research Office vice head hit the wires via Reuters:

Expansion in 2016 budget deficit will be mainly used for tax cuts

Mar 9, 2016

NZD/USD under pressure below 0.6750 amid risk-aversion

The NZD/USD pair stalled its overnight slide in Asia, although remains vulnerable as the extended sell-off in the Asian equities combined with subdued oil prices weigh negatively on the Kiwi.

Asian stocks dive for 2nd day on oil sell-off, China woes

The Asian stocks markets crumbled for the second straight session this Wednesday after risk-off sentiment remained in full swing in response to the overnight sell-off in the oil prices, while nervousness ahead of China’s inflation report also weighs down on the regional indices.