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The New Zealand dollar fell to around $0.570 on Tuesday, its lowest level since July 8, as hawkish Federal Reserve commentary kept the US dollar firm. Chicago Fed President Austan Goolsbee and St. Louis Fed President Alberto Musalem indicated that further rate increases may be needed, citing persistent supply shocks an
The yen weakened against a firm dollar as traders bet that Japanese policymakers will lag behind a hawkish shift by other central banks, widening the interest rate gap. Bitcoin surged to an eight-month high.
Global stocks advanced as positive signals from US-China talks supported risk appetite ahead of a meeting between Presidents Donald Trump and Xi Jinping later this week. US Treasury Secretary Scott Bessent described the preliminary discussions as “very successful,” with trade and AI among the issues discussed. Asian eq