AUD and NZD pop higher - prospect of PBoC interest rate cuts supportive ...Middle East

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.

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