Gold, Silver, and Platinum Rally as Precious Metals Recover from Sharp Selloff 
Gold Prices Stabilize in Asian Trade After Sharp Weekly Losses Amid Fed Uncertainty 
Indian Rupee Strengthens Sharply After U.S.-India Trade Deal Announcement 
Gold and Asian Stocks Rebound as Market Volatility Eases and Global Sentiment Improves 
Oil Prices Slide Nearly 3% as U.S.-Iran Talks Ease Geopolitical Tensions 
IMF Forecasts Global Inflation Decline as Growth Remains Resilient 
Dollar Holds Firm as Strong U.S. Data, Fed Expectations and Global Central Bank Moves Shape Markets 
China and Uruguay Strengthen Strategic Partnership Amid Shifting Global Order 
Asian Markets Slide as Silver Volatility, Earnings Season, and Central Bank Meetings Rattle Investors 
EU Recovery Fund Faces Bottlenecks Despite Driving Digital and Green Projects 
Asian Currencies Strengthen as Indian Rupee and Australian Dollar Rally 
UK Employers Plan Moderate Pay Rises as Inflation Pressures Ease but Persist 
Trump Announces U.S.–India Trade Deal Cutting Tariffs, Boosting Markets and Energy Ties 
Oil Prices Steady as Markets Weigh U.S.-Iran Talks, Dollar Strength Caps Gains 
U.S. Stock Futures Rise as Investors Eye Big Tech Earnings and AI Momentum 
Taiwan Urges Stronger Trade Ties With Fellow Democracies, Rejects Economic Dependence on China 
Asian currencies traded mostly flat to lower on Friday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for near-term interest rate cuts, offering support to the U.S. dollar. The greenback trimmed its weekly losses after a strong labor report boosted confidence in the resilience of the U.S. economy, prompting markets to reassess the timing of Federal Reserve rate cuts.
The dollar index slipped 0.1% in Asia but remained firm after overnight gains. CME FedWatch data showed the probability of no rate cut in September rising sharply to 32%, although markets still priced in a 63.8% chance of a 25 basis point cut.
The Japanese yen weakened, with USDJPY up 0.3% despite strong May household spending data suggesting persistent inflationary pressure. The Australian dollar edged lower after weak trade figures, while traders braced for a possible rate cut by the Reserve Bank of Australia next week. The Singapore dollar held steady, while South Korea’s won slipped 0.1%.
China’s yuan remained muted, despite Beijing unveiling new stimulus measures and noting progress in U.S.-China trade relations after Washington eased chip export controls. Meanwhile, Taiwan’s dollar strengthened to its highest in over three years, supported by optimism around semiconductor exports amid improving U.S.-China ties.
The Indian rupee was largely unchanged. Regional sentiment remained fragile ahead of a July 9 deadline when U.S. President Donald Trump is expected to impose steep tariffs on major economies. Trump signaled he may start notifying countries of tariff rates as early as Friday.
Markets remain cautious over the potential global impact of Trump’s sweeping tax and spending bill, which could add $3.3 trillion to U.S. debt over the next decade, raising fiscal sustainability concerns amid growing trade tensions.
