Housing downturn accelerates | Oil falls as Trump holds fire | Yen intervention

By SBS News

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National property prices fell 0.7% in July, their fastest rate in nearly four years, as higher interest rates and unease over tax changes continue to impact buyer activity; oil prices fell sharply as Donald Trump called off planned strikes on Iran; and Japan and the US confirm a rare coordinated intervention to prop up the Japanese Yen, as the currency approached a fresh 40-year low. SBS News is Australia's trusted news source for the latest news from Australia and across the world. Subscribe to the SBS News YouTube channel: https://www.youtube.com/@SBSNews Follow SBS News on Instagram: https://www.instagram.com/sbsnews_au Follow SBS News on TikTok: https://www.tiktok.com/@sbsnews_au Follow SBS News on X: https://www.twitter.com/SBSNews Follow SBS News on Facebook: https://www.facebook.com/sbsnews Apple News: https://trib.al/MTx0gUe For the latest news, visit www.sbs.com.au/news Network Terms & Conditions: https://sbs.com.au/terms Privacy Policy: https://sbs.com.au/privacy Feedbac

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