Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
US Dollar Stable as Market Awaits US Inflation and Fed Insights
The US dollar opened cautiously on Monday, reflecting market anticipation for upcoming US inflation data and insights from Federal Reserve speakers. Meanwhile, China’s recent stimulus package has left the yuan subdued, impacting the currencies of key trading partners.
China’s Economic Signals Raise Concerns
Data released over the weekend highlighted China’s economic struggles, with consumer price growth at a four-month low and producer price deflation worsening. Retail sales and industrial output reports, expected this Friday, will reveal whether Beijing’s stimulus efforts are affecting domestic demand. Underwhelming results from these measures saw the Australian and New Zealand dollars decline on Friday, as both countries depend heavily on Chinese exports.
Currency Movements and Fed Influence
The dollar hovered near 7.1970 yuan and could soon test the 7.2000 mark. In limited US trading due to a bond market holiday, the dollar rose by 0.1% against the yen, reaching 152.90. The dollar index saw a slight uptick, sitting at 105.00 after a 0.6% gain last week, with the euro stable at $1.0711, facing resistance around $1.0667.
European and US Policy Impact
The euro is under pressure amid Germany’s political uncertainties, as Chancellor Olaf Scholz considers a confidence vote that could lead to early elections. Market attention is also on the US Federal Reserve, with Chair Jerome Powell and other officials scheduled to speak this week. Investors are watching for signals on future rate adjustments as inflation data could influence Fed policy in December.
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