The Australian dollar has steadied after two straight days of sharp swings. AUD/USD is up 0.14%, trading at 0.6532 at the time of writing in the North American
Hong Kong kept its key interest rate unchanged for a sixth consecutive time in lockstep with the Federal Reserve’s overnight decision, with sticky US inflation forcing investors to delay rate cut bets.
One year after Silicon Valley Bank collapsed in just 48 hours, US regulators closed another regional lender, Republic First Bank, which operated in Pennsylvania, New Jersey and New York.