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 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Asian currencies weakened on Friday yet remained on track for weekly gains as optimism over potential U.S. trade agreements supported market sentiment. Investors are closely watching Tokyo’s latest inflation data for signals on the Bank of Japan’s (BOJ) next policy move, while attention shifts to upcoming interest rate decisions from both the BOJ and U.S. Federal Reserve.
The U.S. Dollar Index, which tracks the greenback against major currencies, rose 0.3% during Asian trading hours, with Dollar Index Futures up 0.2%. Despite Friday’s uptick, the dollar has seen sharp losses this week, allowing most regional currencies to advance.
Reports indicate a key U.S.-EU trade deal is nearing completion, potentially replacing a planned 30% tariff with a 15% levy on EU exports by August 1. Indian Commerce Minister Piyush Goyal expressed optimism about securing a U.S. trade agreement to avert proposed 26% tariffs. Earlier this week, President Donald Trump confirmed a U.S.-Japan trade deal lowering tariffs on Japanese imports to 15% from the previously planned 25%, boosting expectations for similar agreements with other nations.
Among major Asian currencies, the South Korean won slipped 0.3% after five days of gains but was still set for a 1% weekly rise. The Chinese yuan traded 0.2% higher in both onshore (USD/CNY) and offshore (USD/CNH) markets, while the Singapore dollar and Indian rupee also edged lower. The Australian dollar eased 0.1% but headed for a significant weekly jump.
Tokyo’s July CPI data showed inflation easing more than expected, though core figures stayed above BOJ’s target, maintaining speculation over a potential rate hike later this year. The Japanese yen weakened 0.3% Friday amid ongoing political uncertainty and speculation about Prime Minister Shigeru Ishiba’s possible resignation.
