Most Asian currencies strengthened against the USD in the morning session, boosted by hopes for Fed rate cuts which would undermine the allure of U.S. fixed-income assets and demand for the greenback.
Gold edged higher in the early Asian session, supported by bets for Fed rate cuts which would enhance the appeal of the non-interest-bearing precious metal.
A federal jury, in a retrial, convicted North Carolina insurance entrepreneur Greg Lindberg of attempting to bribe the state’s insurance commissioner to obtain more favorable regulatory treatment.
