Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Asian currencies moved in narrow ranges on Wednesday, with the Japanese yen regaining some ground after sharp losses triggered by the election of fiscal dove Sanae Takaichi as Japan’s first female prime minister. The dollar, meanwhile, remained firm in Asian trading, supported by a retreat in gold prices after bullion fell from record highs.
The USD/JPY slipped 0.1% after surging 0.8% on Tuesday following Takaichi’s confirmation. Markets view Takaichi as a pro-stimulus leader likely to expand government spending and oppose further rate hikes by the Bank of Japan (BOJ). Her rise to leadership had fueled yen weakness throughout September amid expectations of looser fiscal policy.
Japan’s September trade data showed an unexpected deficit as exports underperformed and imports surged. Traders are now focusing on Japan’s consumer price index (CPI) for September, due Friday, which could guide the BOJ’s upcoming policy decision next week.
The U.S. dollar index eased 0.1% but held near overnight highs. The greenback gained as investors shifted out of gold, which plunged after a historic rally. However, dollar gains were capped by lingering uncertainty over the U.S. economy, as the government shutdown stretched into its third week. Markets await Friday’s U.S. CPI data, the first major release since early October.
Elsewhere in Asia, most currencies saw muted moves. The Chinese yuan (USD/CNY) traded flat as investors monitored ongoing trade discussions with the U.S. The South Korean won (USD/KRW) slipped 0.1% ahead of the Bank of Korea’s policy meeting on Thursday, where rates are expected to remain unchanged. The Australian dollar (AUD/USD) rose slightly, the Singapore dollar (USD/SGD) dipped 0.1%, and the Taiwan dollar (USD/TWD) edged up 0.1%.
