1. Dollar Remains Unfazed By Trump Congress Address, AUD Tumbles
The dollar moved higher against its peers on Wednesday, showing little reaction to U.S. President Donald Trump’s State of the Union address which touched upon trade and budget issues but provided investors with few surprises. The USD/CAD was last seen trading 0.55% higher at 1.3192. Meanwhile the Australian dollar tumbled after central bank chief Philip Lowe opened the door to a possible rate cut after more than a year of signaling tighter future policy. The Aussie dollar (AUD/USD) was last down 1.4 percent lower at $0.7132. Against the Japanese Yen the Aussie tumbled a record 1.66% to last trade at 78.22 as of 8:05 GMT.*
2. Tesla Cuts Model 3 Price For Second Time This Year
Electric carmaker Tesla (TSLA) Inc said on Wednesday it is lowering the price of its Model 3 sedan by $1,100, citing the end of a costly customer referral program. The second price cut this year brings down the cost of its least expensive variant to $42,900, according to the company’s website. The starting cost of the Model 3 is now about $35,000, after about $8,000 of credits and fuel savings, Tesla Chief Executive Officer Elon Musk tweeted.**
3. IOTA Community Helps Authorities With Arrest of Fraud Suspect
Europol announced the arrest of a 36-year-old fraud suspect who os believed to have created a fake seed generator. The man has been arrested due to a combined effort from the IOTA community and the law enforcement. The IOTA Foundation wrote a detailed piece on the series of events that led to the arrest of the suspected fraudster. IOT/USD was last seen trading 5.7% lower at 0.24308 as of 8:10 GMT.***
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*Source: Investing Feb 6, 2019 2:48 AM ET
**Source: Reuters Feb 6, 2019 3:53 AM ET
***Source: Blokt Feb 6, 2019 03:07 AM ET
