Australian Dollar rises as softer Fed bets offset resilient US data

The Australian Dollar (AUD) extends its rally into a third straight trading session, up 0.25% on Monday, as investors adjust their interest rate expectations for the Federal Reserve (Fed) following a soft US jobs report last week. Consequently, the US Dollar (USD) weakened, driving AUD/USD higher to trade at 0.6950…

Japanese Yen falls toward multi-decade lows as intervention risk grows

USD/JPY trades around 162.30 on Monday at the time of writing, up 0.58% on the day, extending its rebound after last week’s pullback. The pair is moving back toward the nearly 40-year high of 162.84 reached on Wednesday, as broad US Dollar (USD) strength continues to dominate the foreign exchange market and keep pressure on the Japanese Yen (JPY).The US Dollar is benefiting from renewed demand despite last week’s weaker-than-expected Nonfarm Payrolls (NFP) report. Investors…

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DOGE website goes dark on July 4 after claiming 5B in federal cuts

The temporary organization behind the Department of Government Efficiency reached its scheduled termination date Saturday, July 4, 2026. President Donald Trump’s executive order last year creating the U.S. DOGE Service Temporary Organization set a July 4, 2026, termination date for that temporary organization.”A smaller Government, with more efficiency and less…

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