Most Asian currencies strengthened against the dollar in early Asian trade, boosted by U.S. President-elect Trumpβs nomination of Scott Bessent for Treasury Secretary.
Gold edged lower in early Asian trading. A pullback after reaching highs was likely, as investors are still in the mood to reduce their gold positions, Nanhua Futures said.
Hong Kong shares rose, supported by auto stocks as investors watched for the December politburo and central government work conference as the next catalyst for Chinaβs economy.
Before becoming Donald Trumpβs commerce secretary pick, Lutnick deepened Cantor Fitzgeraldβs ties with a stablecoin firm being investigated by U.S. authorities.