Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Most Asian currencies strengthened on Monday as the U.S. dollar extended losses following weaker-than-expected nonfarm payrolls data, which raised uncertainty over the U.S. economy and interest rate outlook. The greenback retreated about 0.4% after Friday’s report showed July job growth slowing sharply, with downward revisions to the prior two months, signaling a cooling labor market. Concerns also mounted after President Donald Trump fired the Bureau of Labor Statistics chief, fueling doubts over U.S. economic data credibility.
Despite Monday’s gains, most regional currencies remain pressured after recent losses, driven by worries over Trump’s new trade tariffs and a mixed outlook for Federal Reserve policy. The Fed signaled last week it has no immediate plans to cut rates, though traders are now betting on rate cuts amid mounting political pressure from Trump. The early resignation of Fed Governor Adriana Kugler gives Trump another chance to reshape the central bank’s board.
Among major movers, the Japanese yen (USDJPY) rose 0.2%, benefiting from safe-haven demand. The Chinese yuan (USDCNY) climbed 0.4%, while the South Korean won (USDKRW) strengthened 0.3% and the Singapore dollar (USDSGD) gained 0.1%. The Australian dollar (AUDUSD) traded flat.
The Indian rupee, however, underperformed, with the USDINR pair inching higher after Trump announced a 25% tariff on Indian exports. Markets remain cautious as trade talks between Washington and New Delhi show little progress.
Investor attention now turns to the Reserve Bank of India’s upcoming policy meeting, where the central bank is widely expected to cut interest rates to counter economic headwinds. Meanwhile, broader Asian forex sentiment will likely remain sensitive to U.S. data, Fed policy signals, and ongoing trade tensions.
