💨 Abstract

China's stimulus package boosted risk appetite, causing the yuan to reach its strongest level in over a year and the euro to gain against the yen. The U.S. dollar stabilized near 14-month lows against a basket of peers but gained against the yen. Asian currencies like the Australian and New Zealand dollars also rose due to improved outlook for Chinese demand.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖