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The Australian Dollar (AUD) trades on the back foot against the US Dollar (USD) on Monday, with AUD/USD snapping a four-day winning streak as the Greenback steadies.

U.S. Treasury sold $58 billion of 3 year notes at a high yield of 3.614%.

• WI level at the time of the auction was 3.622%
• Tail -0.8 basis points versus -0.2 basis points 6 month average
• bid to cover 2.64X vs 6 month average of 2.63X
• Directs 19.0% versus 6 month average of 24.5%.
• Indirects 71.97% versus 6 month average of 62.5%
• Dealers 9.03% vs 6 month average of 13.1%

Auction Grade B+

The 3 year note auction was met with strong demand from international buyers. The domestic buyers were less than average in the bid to cover was near the average. More good news was that the tail was -0.8 basis points which was much less than the -0.2 basis point average over the last 6 months.

This article was written by Greg Michalowski at investinglive.com.

United States 3-Year Note Auction: 3.614% vs 3.579%

United States 3-Year Note Auction: 3.614% vs 3.579%

US is to allow Nvidia H200 chip exports to China.

• Some analysts view such a move as a “strategic win-win,” arguing that allowing H200 shipments would sustain China’s reliance on U.S. AI infrastructure — and potentially slow down the adoption of domestic alternatives
• The H200 is more capable than the chip China is currently allowed to buy (the H20), which gives it technical appeal for high-demand applications (large-model training, inference, data-center use cases)

Although good news, Jensen Huang, recently said he is not sure China would accept H200 even if restrictions are eased — Beijing may prefer home-grown chips or chips already certified under export rules. Chinese firms and regulators appear increasingly focused on domestic AI-chip makers (like Cambricon Technologies) and building self-sufficiency. There’s growing pressure—both economic and political—on companies not to rely solely on foreign hardware.

Nvidia shares have moved higher and are up $3.90 or 2.15% at $186.46.

This article was written by Greg Michalowski at investinglive.com.

USD/JPY trades around 155.80 on Monday at the time of writing, up 0.30% on the day, supported by a recovery in the US Dollar (USD) and rising US Treasury yields.

This year, Waymo debuted on freeways in three cities, and started autonomous driving in cities including Miami, Dallas, Houston, San Antonio and Orlando.

Ukraine Zelenskyy is speaking and says:

• Talks in London were productive.
• There is a small progress toward peace.
• Ukraine – Europe plan proposals should be ready by tomorrow to share with the US
• Ukraine cannot give up land
• The US is trying to find a compromise on this issue

This article was written by Greg Michalowski at investinglive.com.

The Japan government has downgraded the tsunami warning to a tsunami advisory after the earthquake.

The USDJPY has come off the highs that reached 155.98. The current price is at 155.72.

Technically, the price is still above its 200 hour MA at 155.638. If the price can stay above that level, the buyers will remain in control.

This article was written by Greg Michalowski at investinglive.com.

President Donald Trump has imposed shifting tariff policies on most countries, while pushing to reshape relationships with China and other major trade partners.