Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
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 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
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.
