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US President-elect Trump: Tariffs will pay off our debt and MAKE AMERICA WEALTHY AGAIN

US President-elect Donald Trump took to X (formerly known as Twitter) to note that "the Tariffs, and Tariffs alone, created this vast wealth for our Country. Then we switched over to Income Tax. We were never so wealthy as during this period. Tariffs will pay off our debt and MAKE AMERICA WEALTHY AGAIN!"

NZD/USD recovers above 0.5600 as PBOC reportedly signals rate cuts

The NZD/USD pair recovers some lost ground to around 0.5605 during the early European session on Friday.
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PBOC says rate cuts are likely in 2025 at an appropriate time

The People's Bank of China (PBOC) said on Friday that it is likely to cut interest rates from the current level of 1.5% "at an appropriate time" in 2025, per Reuters.
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