Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Most Asian currencies edged higher on Tuesday, buoyed by optimism surrounding improving U.S.-China trade relations and expectations of a Federal Reserve rate cut later this week. The U.S. dollar weakened slightly as traders awaited the Fed’s two-day meeting, where policymakers are widely expected to reduce interest rates by at least 25 basis points amid signs of cooling inflation and a softer labor market.
The Japanese yen led regional gains, recovering from recent losses as investors focused on a meeting between Japanese Prime Minister Sanae Takaichi and U.S. President Donald Trump, as well as the Bank of Japan’s upcoming policy announcement. The yen’s USD/JPY pair slipped 0.3%, reflecting renewed demand for the safe-haven currency.
In South Korea, the won lagged behind its peers even as third-quarter GDP exceeded expectations, supported by stronger exports following an earlier trade deal with Washington. The USD/KRW pair rose 0.4%. Across the region, currencies traded within a narrow range, maintaining momentum from Monday’s gains after positive signals in U.S.-China trade negotiations lifted market sentiment.
The Chinese yuan also firmed, with the USD/CNY pair easing 0.1%—hovering near its strongest level since November 2024. The yuan’s resilience has been underpinned by firm midpoint fixes from the People’s Bank of China, as Beijing aims to enhance the competitiveness of its exports. Traders remained focused on the anticipated meeting between Trump and Chinese President Xi Jinping in South Korea, expected to build on the recently agreed trade framework.
Elsewhere, the Australian dollar rose 0.1%, while the Singapore and Taiwan dollars edged slightly lower. The Indian rupee weakened modestly after crossing the 88-per-dollar mark, with markets monitoring trade discussions between Washington and New Delhi amid ongoing tariff pressures.
Overall, sentiment remained cautious but optimistic as investors awaited both the Trump-Xi summit and the Fed’s policy direction.
