💨 Abstract

The Australian and New Zealand dollars rose, along with the Chinese yuan, after U.S. President Trump indicated a softer stance on tariffs against China. The yen was on guard ahead of the Bank of Japan's rate decision. Trump's comments also affected the dollar, with the greenback set to lose 1.4% against a basket of currencies, its steepest decline since November.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖