Cisco and NVIDIA partner to expand a secure AI factory to support rack-scale deployments.

DXY rose to a weekly high on Tuesday after US Treasury Secretary Bessent announced new sanctions on Iran. Bessent warned countries and firms doing business with Iran would face US retaliation but did not specify the measures. IG analysts said market speculation that Washington could exclude affected countries from the dollar-based financial system prompted some nations and banks to buy dollars preemptively, lifting the currency.

Jacobs, head of markets at the Reserve Bank of Australia, said the move to abundant reserves entails shifting from a system in which the central bank sets reserve quantities to one in which the banking system determines them.