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US Treasury Secretary Scott Bessent meets with global counterparts to reaffirm US policy

US Treasury Secretary Scott Bessent met with multiple world leaders this week, detailing the US' agenda of securing trade deals and policies aimed largely at reversing damage done through the first year of the Trump administration, specifically on earth minerals and general trade.

Key Bessent Highlights

Emphasized commitment to "Economic Fury" policy agenda during meeting with UK Chancellor Reeves.
Discussed critical minerals during meeting with Italian Economy Minister Giorgetti.
Reaffirmed 'strong alliance' between the US and Japan during meeting with Japan's Finance Minister.

AUD/USD snaps winning streak below 0.72 as Aussie jobs disappoint

AUD/USD snapped a three-day winning streak on Thursday, finishing nearly flat close to 0.7165 after failing to clear the 0.7200 handle earlier in the session.
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CNY: Gradual appreciation path under policy control – Commerzbank

Commerzbank’s Volkmar Baur says China’s 5.0% growth, despite weak investment and retail sales, underscores reliance on external demand, keeping authorities wary of strong CNY appreciation.
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