investingLive Asia-Pacific FX news wrap: NZ, Australian data shift AUD and NZD

Fed cuts rates 25bps, but S&P 500 dips 0.05%. 10-yr yield jumps to 4.07%. Sell-the-news event?

China resists Fed easing, holds 1.40% rate as exports and stocks buoy outlook The PBOC held its main policy rate steady at 1.40%, resisting pressure to follow the Fed’s rate cut.

Yuan gains could trigger hundreds of billions in corporate dollar sales. Analysts say the yuan’s recent strength could trigger up to $300 billion in corporate dollar selling, with firms moving to convert holdings into local currency.

Mercer says Trump’s trade policies and efforts to pressure the Fed are prompting investors to cut US exposure, with clients overseeing $17 trillion shifting funds toward Europe, Japan, and private markets.

Energy Transfer yields 7.5% with a 3% dividend hike, while Realty Income offers 5.3% monthly payouts. Both show resilient cash flows.

Australia loses 5,400 jobs in August, unemployment steady at 4.2%. What's deal with that? Australia lost 5,400 jobs in August, but unemployment held at 4.2% as participation slipped.

Fed cuts rates by 0.25%, signals more. S&P 500, Nasdaq slip. Traders eye Zuckerberg's Meta appearance.