Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Asian currencies traded in narrow ranges on Tuesday as investors remained cautious ahead of a potential U.S. government shutdown, while the Australian dollar gained ground after the Reserve Bank of Australia (RBA) held interest rates steady at 3.60%.
The U.S. Dollar Index, which tracks the greenback against a basket of major currencies, edged 0.1% higher, with Dollar Index Futures remaining flat in early Asian trading. Investors largely avoided big moves as markets await critical U.S. economic updates and clarity on the Federal Reserve’s policy outlook.
The RBA’s decision to pause rate adjustments came after three consecutive cuts earlier in 2025. Officials highlighted the need for more data on inflation and the labor market before shifting policy again, underscoring a data-dependent approach. The move pushed the Australian dollar’s AUD/USD pair 0.5% higher, reflecting renewed market confidence.
Meanwhile, uncertainty looms in Washington as Congress faces a deadline to approve funding and prevent a partial government shutdown. A shutdown could delay the release of crucial economic reports, including Friday’s non-farm payrolls—a key indicator for Federal Reserve decision-making. Upcoming U.S. data this week includes the Job Openings and Labor Turnover Survey (JOLTS), weekly jobless claims, and payroll numbers.
Elsewhere in Asia, most regional currencies remained steady. The Japanese yen’s USD/JPY pair held flat, the Singapore dollar’s USD/SGD edged up 0.1%, the South Korean won gained 0.2%, while the Indian rupee and Chinese yuan showed little movement.
Economic data also weighed on sentiment. Japan reported a 1.2% drop in factory output for August, marking the second straight month of decline, alongside the sharpest retail sales fall in four years. In China, official PMI data showed manufacturing activity contracting for a sixth consecutive month, though a private RatingDog survey signaled an improvement driven by stronger orders and exports.
Overall, traders remain cautious, balancing regional economic weakness with global uncertainties, particularly the looming U.S. government shutdown and its impact on key economic data releases.
