Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
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 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
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 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian currencies held in narrow ranges on Friday following earlier gains sparked by easing Middle East tensions. The Taiwan dollar outperformed, hitting a three-year high, largely due to broad U.S. dollar weakness.
A U.S.-brokered ceasefire between Israel and Iran continued to hold, fueling risk-on sentiment across Asia earlier in the week. However, uncertainty around U.S. economic policy and looming trade tariff deadlines capped further momentum by Friday.
The broader Asian FX market remained cautious ahead of President Donald Trump’s early-July tariff deadline. With no major trade deals finalized, markets fear renewed tariffs on major trading partners. While Trump could extend the deadline, his unpredictable stance kept risk appetite low. U.S. Commerce Secretary Howard Lutnick claimed a trade deal with China had been reached but offered no specific details.
The Japanese yen stayed flat despite softer-than-expected Tokyo inflation data, which cast doubt on the Bank of Japan’s ability to continue rate hikes. The Chinese yuan and Singapore dollar each edged up 0.1%, while the Australian dollar and Indian rupee traded flat. The South Korean won slipped 0.2%.
Meanwhile, the U.S. dollar hovered near its lowest level in over three years amid concerns about Federal Reserve independence. Trump’s repeated criticism of Fed Chair Jerome Powell and his push for immediate rate cuts pressured the greenback, although Powell and Minneapolis Fed President Neel Kashkari signaled no rush to ease policy.
Investor attention now turns to the upcoming U.S. core PCE price index— the Fed’s preferred inflation gauge—expected later in the day. The data is anticipated to show a slight uptick in inflation, potentially influencing the Fed’s next move on interest rates.
