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AUD and NZD pop higher – prospect of PBoC interest rate cuts supportive

  • January 3, 2025
  • -FCHFX

January 03, 2025 at 01:04AM
China’s central bank is reported as saying its likely to cut this year:

PBOC says interest rate cuts are likely in 2025 “at an appropriate time”

Given the opening session of Chinese stock markets this year:

A rough start for Chinese stocks to start the new year

I’m guessing the PBoC is trying to support equities. They’ve given AUD and NZD a boost in the meantime:

This article was written by Eamonn Sheridan at www.forexlive.com.

AUD and NZD pop higher – prospect of PBoC interest rate cuts supportive
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