Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Asian Currencies Stabilize as Markets Await China Stimulus
Most Asian currencies remained stable on Thursday, as investors awaited clearer signals on potential financial stimulus from China. Meanwhile, the U.S. dollar maintained its strength, reaching 2.5-month highs driven by rising speculation over Donald Trump's possible second term as president.
Dollar Steadies on Trump Trade Prospects
The U.S. dollar index saw a slight dip in Asian markets but stayed near its peak since early August. Predictions of a Trump re-election, which crypto betting platforms like Polymarket currently favor, have boosted the dollar. While some media polls show Vice President Kamala Harris with a narrow lead, Trump’s policies—such as tariff increases and closer Fed coordination—are expected to drive inflation, bolstering both the dollar and U.S. Treasury yields.
Adding to the dollar's strength was the euro's decline ahead of an anticipated European Central Bank interest rate cut.
Chinese Yuan Slips Amid Housing Stimulus Concerns
The Chinese yuan weakened slightly, with the USDCNY pair rising by 0.1%. Investors were disappointed by the latest housing sector stimulus measures, which fell short of expectations during a government briefing. With third-quarter GDP data expected on Friday, markets are watching for further indicators of China's economic health.
Regional Currencies Mixed as Dollar Strengthens
Across the region, currency performance varied. The Japanese yen was flat amid a larger-than-expected trade deficit, while the Australian dollar gained 0.2% due to robust labor market data. South Korea’s win rose 0.4%, but the Indian rupee hovered near record lows.
