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

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. Source