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NZD/USD trades on the front foot near 0.5886 on Wednesday, advancing around 0.3% and building on the rebound that lifted the pair off the 0.5850 area. The New Zealand Dollar (NZD) benefits from a friendlier risk backdrop and a softer US Dollar (USD), with the pair recovering the ground surrendered during the choppy sessions that followed last week’s rally.Sentiment across risk-sensitive currencies improved after reports that an announcement on the reopening of the Strait of Hormuz could arrive imminently. Al Arabiya and Al Hadath, citing high-level sources, indicated that communications are proceeding at full tilt and that progress has been…

New Zealand’s Unemployment Rate rose to 5.6% in the second quarter (Q2) of 2026 from 5.3% in the first quarter, according to the official data released by Statistics New Zealand on Wednesday. The figure came in above the market consensus of 5.4%.Furthermore, New Zealand’s Employment Change arrived at 0.5% in Q2, up from 0.2% in Q1, compared with the consensus forecast of 0.2%. The participation rate in New Zealand increased to 70.7% in Q2, compared to 70.4% in the previous reading.Market reaction to the New Zealand’s employment dataThe New Zealand Dollar (NZD) attracts some sellers following the employment data. At the time of writing, the NZD/USD pair is trading 0.18%…

The EUR/JPY buyers stop the bleeding after three consecutive days of losses, registering modest gains of 0.56% on Tuesday. At the time of writing, the cross-pair trades at around 181.90 after US and Japanese authorities intervened in the FX markets to propel the Japanese Yen against its pairs.EUR/JPY Price Forecast: Technical outlookFollowing last week’s intervention, the EUR/JPY shifted from bullish to sideways trading, slightly tilted to the downside, after clearing the 200-day Simple Moving Average (SMA). Momentum suggests further downside, as the Relative Strength Index (RSI) tumbles toward oversold territory. For a bearish continuation, sellers must clear the figure at 180.00.…

Après avoir souffert de la guerre en Iran, la Bourse de Paris a retrouvé des couleurs. Mardi, l’indice CAC 40 des grandes capitalisations parisiennes a touché un record de clôture à 8.666,63 points. Il lui aura fallu attendre cinq longs mois après son précédent sommet atteint fin février (à 8.620,93 points).Cette bouffée d’optimisme s’explique d’abord par l’apaisement sur le front géopolitique. Certes, Donald Trump continue d’alterner entre menaces et encouragements à l’encontre de l’Iran, mais les Etats-Unis ont cessé leurs frappes au Moyen-Orient. Et Téhéran serait en train de négocier une réouverture du détroit d’Ormuz, à travers lequel transitait avant la guerre…

The Lucid Gravity is displayed during the 2023 Los Angeles Auto Show at the Los Angeles Convention Center on November 24, 2023 in Los Angeles, California. This year’s edition of the Los Angeles Auto Show includes a range of new SUV models. Josh Lefkowitz | Getty Images News | Getty ImagesLucid Group missed Wall Street’s second-quarter expectations as the electric vehicle manufacturer conducts an “operational reset” amid leadership changes and cost-cutting efforts.Those plans include beginning non-prototype robotaxi production early next year and delaying its upcoming midsize vehicle that was expected at the end of this year until “most likely” the…

Santander has launched a new range of fixed-rate cash ISAs paying inflation-beating rates.With potential base rate cuts next year and changes to the ISA rules, fixed-rate savings accounts could offer an opportunity to lock in rates now for those with short term savings goals.From the tax year 2027/28, the annual cash ISA allowance will be reduced from £20,000 to £12,000 for under-65s. Try 6 free issues of MoneyWeek today Get unparalleled financial insight, analysis and expert opinion you can profit from. Start your trial Sign up to Money Morning Don’t miss the latest investment and personal finances news, market analysis,…

Northeast Asia's nuclear deterrence is maturing faster than its diplomacy

Pick any investor who watched Donald Trump walk back into the White House on January 20, 2025 and decided to put money into the three most talked-about assets surrounding that moment. Bitcoin, the asset Trump had openly embraced. Gold, the safe haven that has anchored portfolios for centuries. And the TRUMP memecoin, the token bearing the president’s name that had launched three days earlier and was already being called the trade of the inauguration. Here is what $1,000 in each one looks like today, August 4, 2026. Related: Billionaire reveals ‘worst thing’ to ever happen to Bitcoin Bitcoin: Down 40%…

One of YouTube’s biggest names says he is stepping back from producing as much content as he reckons with his relationship with AI to help generate videos. Hank Green has been a YouTube mainstay for nearly 20 years as one half of the Vlogbrothers alongside brother and author John Green, as well as the host and creator of educational series SciShow and CrashCourse. He boasts more than 12 million followers across his social media platforms and about 32 million subscribers across his various YouTube channels. Green apologized online after fans criticized him for his AI use in a video script.…

Revolut cofounder and CEO Nik Storonsky has been sued by a luxury yacht broker, according to reports, who claims he avoided paying commission on a €350m superyacht.Cecil Wright & Partners submitted the claim in London’s High Court in January of this year, according to court documents seen by the Financial Times.The broker was initially approached by an adviser of Storonsky’s family office to help build a yacht in October 2024 then asked last year if there was a boat they could buy in the interim.A 102-metre boat fitted with an infinity pool, beach club and a gym with a cryotherapy…