MARKET NEWS UPDATE BY FORTUNE

The Australian dollar fluctuated and hit fresh lows as lawmakers prepare to choose a new prime minister, which will end the Malcolm Turnbull era. The political chaos also pushed rate hikes further off the table. Asian stocks traded mixed with no major progress from new U.S.-China trade talks. But the yuan ticked up after China said the talks were constructive and honest.

Elsewhere:
– The dollar held gains ahead of an address from Fed Chairman Jerome Powell
– West Texas Intermediate crude rose 0.3% to $68.04 a barrel

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