The US dollar has fallen for seven straight days due to Federal Reserve caution and FX talks with Japan. The Australian dollar decreased by 0.68% after the Reserve Bank of Australia cut rates by 25 basis points, suggesting more cuts could follow.
In contrast, Asian markets surged as the People’s Bank of China implemented rate cuts to stimulate growth. Key indexes in Hong Kong and mainland China exhibited positive traction despite the challenges in the US stock market.
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