Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Most Asian currencies gained modestly on Friday, while the U.S. dollar nursed losses as traders maintained bets on an interest rate cut by the Federal Reserve next week. Despite hotter-than-expected U.S. consumer inflation data, markets are pricing in a 96.8% chance of a 25-basis-point cut at the Fed’s September 16–17 meeting, according to CME FedWatch.
The Indian rupee stood out as an underperformer, sliding to a record low of 88.499 per dollar. Sentiment soured after reports that Washington urged the EU and G7 to impose harsher tariffs on Russian oil buyers, particularly India and China. The move overshadowed progress in U.S.–India trade talks, pushing the rupee down 0.2% for the week.
The Australian dollar outshined regional peers, rising 1.8% this week as stronger commodity prices, especially metals, boosted demand. Taiwan’s dollar also advanced, with the USD/TWD pair down 0.8%, supported by capital inflows into local technology stocks amid optimism over lower U.S. interest rates.
The Chinese yuan gained 0.1% but showed only mild weekly gains, as strong government support was offset by lackluster trade and inflation data, fueling concerns over economic cooling. Meanwhile, the Japanese yen fluctuated sharply following Prime Minister Shigeru Ishiba’s sudden resignation but ended the week marginally higher.
Elsewhere, Singapore’s dollar edged up 0.1%, while South Korea’s won dipped 0.1%. The dollar index slipped 0.2% this week, pressured by soft U.S. labor market data and expectations that inflationary risks from potential new tariffs under President Donald Trump may not be as severe as feared.
With traders focused on the Fed, Asian currencies look set for further moves next week depending on the size of the rate cut and the central bank’s forward guidance.
