Gold Prices Rise as Yen Rally Weakens Dollar 
ECB Set for September Rate Hike as Energy Prices Fuel Inflation 
Uranium Prices Could Top $100 as Nuclear Demand Grows 
China Expands Influence in Global Gold Market 
OPEC+ Expected to Hold October Oil Output Steady 
South Korea GDP Surges on Chip and AI Boom 
Iran Vows Tougher Response as U.S. Sanctions Squeeze Economy 
US Stock Futures Mixed as Fed Rate Hike Bets Rise 
Jefferies Names 6 Top India Stock Picks Across Key Sectors 
China Exports Surge 25% in August as Trade Surplus Hits $119 Billion 
Iran Plans New Gulf Restricted Zone as Hormuz Tensions Push Oil Higher 
Asian Stocks Mixed as Korean Chipmakers Rally 
Yen Rebounds as BOJ Rate Hike Bets Rise 
Hungary Industrial Output Beats Forecasts With 4.7% July Growth 
Japan GDP Growth Beats Forecast, Boosting BOJ Rate Hike Bets 
China to Inject $45 Billion Into State Financial Institutions 
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Asian currencies traded mostly flat on Thursday after suffering sharp losses in the previous session, as the U.S. dollar held firm on expectations of a cautious Federal Reserve policy path. The U.S. Dollar Index, which tracks the greenback against a basket of major currencies, eased 0.1% after jumping 0.6% to a two-week high overnight. Dollar Index Futures also slipped 0.1% as of 04:30 GMT.
The strength of the dollar comes after remarks from Federal Reserve Chair Jerome Powell, who warned earlier this week that the central bank must remain “measured” when easing monetary policy. Other Fed officials also highlighted the risks of moving too quickly on rate cuts, dampening expectations for aggressive reductions despite last week’s first rate cut since December. Investors now await further speeches from policymakers for additional signals.
Market focus has shifted to key U.S. economic releases that could influence the Fed’s outlook. Weekly jobless claims, due later Thursday, will be closely watched given recent signs of a cooling labor market. An advance reading of second-quarter GDP is also scheduled, while Friday’s release of the Fed’s preferred inflation gauge—the personal consumption expenditures (PCE) price index—remains the main event for traders.
In Asia, currency markets reflected mixed moves. The Japanese yen weakened slightly, with USD/JPY down 0.2% after gaining nearly 1% overnight. Bank of Japan meeting minutes revealed divisions among policymakers, with some advocating for potential rate hikes in the future. The South Korean won slipped 0.3% after climbing 0.7% previously, while the Singapore dollar traded flat. The Indian rupee edged 0.2% lower.
China’s yuan also ticked 0.1% lower in both onshore (USD/CNY) and offshore (USD/CNH) markets. Meanwhile, the Australian dollar stood out, rising 0.3% against the greenback.
Global investors remain cautious, balancing Fed signals with upcoming U.S. data and Asian central bank cues, as volatility persists in currency markets.
