Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
U.S. Stock Futures Hold Steady Ahead of Key Fed Decision 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Russia Stocks Close Flat as MOEX Hits 1-Month High 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Oil Prices Hold Near Two-Week Highs as Markets Await Fed Rate Cut and Monitor Geopolitical Risks 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Global Currencies Steady Ahead of Key Central Bank Decisions 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Asian currencies were mostly flat on Tuesday as investors awaited a key U.S. vote on President Donald Trump’s proposed tax cuts and the Reserve Bank of Australia's (RBA) interest rate decision. The U.S. Dollar Index remained stable after recent losses, while the Australian dollar dipped 0.2% against the U.S. dollar on rate cut bets.
The Australian central bank is widely expected to cut rates by 25 basis points amid slowing inflation and economic headwinds from U.S. tariffs. Analysts at Westpac said a return of trimmed mean inflation to the RBA’s 2-3% target band for the first time in over three years supports a rate cut, though cautious language is likely.
Meanwhile, the Chinese yuan saw little movement after the People’s Bank of China (PBOC) lowered its benchmark loan prime rate. The one-year LPR was cut by 10 basis points to 3.0%, and the five-year rate—used to price mortgages—was trimmed to 3.5% from 3.6%. The move aims to support China’s economy amid persistent trade tensions with the U.S.
Concerns over U.S.-China trade relations resurfaced after China’s Ministry of Commerce accused the U.S. of undermining recent talks, following a Commerce Department advisory against Huawei chips.
Moody’s recent downgrade of the U.S. credit rating due to the nation’s $36 trillion debt also weighed on sentiment, as investors eyed the impact of potential tax cuts on the country’s growing fiscal deficit.
Among other currencies, the Japanese yen, Singapore dollar, and Chinese yuan remained largely unchanged. The Indian rupee edged up 0.1%, while the South Korean won bucked the trend, rising 0.5% against the dollar.
