Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
Australia’s December Trade Surplus Expands but Falls Short of Expectations 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Asian currencies and the U.S. dollar weakened on Monday as markets awaited clarity on shifting U.S. trade policies under President Donald Trump. Investor sentiment remained cautious after Trump announced plans to send tariff letters to several countries at 12:00 p.m. ET on Monday, adding that BRICS-aligned nations would face an additional 10% tariff due to what he called anti-American actions.
The U.S. Dollar Index slipped 0.2% during Asian trading hours, while futures edged 0.1% lower. The uncertainty around the exact nature and timeline of the tariffs, expected to take effect on August 1, kept market participants on edge. Trump previously introduced a 10% base tariff in April, with potential increases up to 70%.
In currency markets, the South Korean won (USD/KRW) rose 0.4%, the Thai baht (USD/THB) jumped 0.7%, and the Malaysian ringgit (USD/MYR) gained 0.5%. Both the onshore Chinese yuan (USD/CNY) and offshore yuan (USD/CNH) moved up 0.1% and 0.2%, respectively. The Japanese yen (USD/JPY), Singapore dollar (USD/SGD), and Indian rupee (USD/INR) all edged 0.1% higher against the U.S. dollar.
Meanwhile, the Australian dollar (AUD/USD) dropped 0.5%, its third consecutive decline, amid rising expectations of a rate cut by the Reserve Bank of Australia (RBA) on Tuesday. Analysts anticipate a 25-basis-point reduction, marking the RBA's third cut this year as inflation slows and global economic uncertainty persists. ING analysts noted that while a dovish RBA may weigh on AUD cross-pairs, the AUD/USD pair remains primarily influenced by U.S. trade developments.
Investors are now closely watching the upcoming central bank moves and further trade policy updates for market direction.
