💨 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