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