InvestingLive Asia-Pacific FX news wrap: US dollar loses ground, Kiwi $ leads

InvestingLive Asia-Pacific FX news wrap: US dollar loses ground, Kiwi $ leads __ Financial market news for Asian trading on Wednesday, August 6, 2025

Shanghai Gold stockpiles hit record as arbitrage activity surges (Gold inventories at warehouses linked to the Shanghai Futures Exchange have hit a record high)

Nvidia again rejects U.S. chip backdoor proposals, citing security risks (Nvidia has rejected U.S. proposals to embed tracking or kill switches in AI chips sold abroad)

Japan ruling party LDP Taro Kono says higher rates are needed to bolster the yen (He has said this before, repeating it now)

July jobs report shows 73k jobs added, revisions down 258k. Recession risk up 9% per Morgan Stanley. Traders eye spending data.

DOJ charges two in California over illegal exports of Nvidia AI chips to China (chips in question include Nvidia’s H100 GPUs, which are tightly restricted under U.S. export rules)

NZD/USD and AUD/USD are back at their session highs after kiwi jobs data