💨 Abstract
China's stimulus package boosted risk appetite, causing the Australian and New Zealand dollars to reach multi-month highs, with the Aussie peaking at $0.6907 and the kiwi at $0.6353. However, the Aussie later declined after weak domestic inflation data. The yuan also strengthened to over a year high. The dollar weakened due to increased expectations of a larger U.S.
Courtesy: theprint.in
Summarized by Einstein Beta 🤖
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