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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:

Given the opening session of Chinese stock markets this 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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