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The AUD/USD pair struggles to break through the 100-day Simple Moving Average (SMA) pivotal barrier near mid-0.7000s and consolidates near its highest level since June 17, touched during the Asian session on Wednesday.
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They could also lock companies out of the booming cross-border stablecoin market.
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Most recent Treasury Secretary predecessors came from what is known as the sell-side of finance, but Scott Bessent, with a decades-long hedge fund career, is different.
Oil prices fall as US officials tout progress in talks to reopen critical waterway.
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The EUR/USD pair trades with mild losses near 1.1530 during the Asian trading hours on Wednesday. Uncertainty surrounding US-Iran talks weighs on riskier assets such as the Euro (EUR) against the US…