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 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian currencies traded mostly flat to lower on Thursday as the U.S. Federal Reserve kept interest rates unchanged and signaled little urgency for future rate cuts, pressuring regional units amid weak Chinese economic data. The U.S. dollar climbed to a two-month high overnight, though the dollar index eased slightly by 0.1% in early trading.
The Japanese yen outperformed after the Bank of Japan (BOJ) maintained its policy rate but hinted at future hikes if inflation and economic growth accelerate as projected. The USDJPY pair fell 0.5%, reflecting stronger yen demand. The BOJ also raised its consumer price index and GDP forecasts, noting that real interest rates remain low and additional hikes may follow. Political uncertainty in Japan, following the Liberal Democratic Party’s loss of majority, is expected to ease later this year, with analysts eyeing October for potential action.
China’s yuan held steady after July PMI data showed a deeper-than-expected contraction in manufacturing and non-manufacturing activity, largely due to extreme weather. Composite PMI barely grew, underscoring persistent headwinds in the Chinese economy despite improved trade ties with the U.S. Beijing has pledged further stimulus, though details remain scarce.
Other Asian currencies were subdued ahead of looming U.S. tariff decisions. The Indian rupee traded flat amid concerns over a proposed 25% U.S. tariff, while the South Korean won slipped slightly after a new trade agreement set tariffs at 15%. The Singapore dollar edged 0.2% lower, and the Australian dollar gained 0.3%, recovering from overnight losses.
Currency markets remain sensitive to global trade developments and central bank signals, with investors closely monitoring upcoming U.S. policy moves and Chinese economic support measures.
