Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
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 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Asian Currencies Decline as Dollar Strengthens Ahead of Key Data Releases
Asian currencies experienced slight declines on Tuesday as traders adopted a cautious stance, anticipating a series of significant economic reports. A stronger U.S. dollar, boosted by recent gains, pressured regional currencies as concerns over upcoming economic data and political events influenced trading sentiment.
Japanese Yen Stabilizes Amid Political Uncertainty
Following a steep drop to near three-month lows, the Japanese yen managed a modest recovery, gaining 0.2% against the U.S. dollar. This uptick came after Finance Minister Katsunobu Kato emphasized the government’s commitment to monitoring currency market volatility. The yen had fallen sharply post-election, as Japan’s ruling LDP coalition lost its majority, introducing heightened political uncertainty. Analysts expect the Bank of Japan (BOJ) to hold interest rates steady in its Thursday meeting, with policymakers cautious given the political backdrop.
Dollar Maintains Strength Amid Key U.S. Economic Data
The U.S. dollar index remained stable, hovering near recent highs, supported by expectations of a gradual approach to interest rate cuts by the Federal Reserve. Traders await U.S. GDP data on Thursday, followed by the Fed's preferred inflation gauge, the PCE price index, and nonfarm payrolls on Friday. These indicators could provide further insights into the Fed’s monetary strategy.
Regional Currency Movements
Asian currencies generally softened amid dollar strength. The Australian dollar fell 0.2% ahead of its inflation report, while China’s yuan gained 0.2% as markets awaited PMI data to gauge Beijing’s recent stimulus impact. The South Korean won and Singapore dollar also rose modestly, while the Indian rupee held near recent record lows.
