China Warns of Rising Global Risks as Tariff Pressures Intensify in 2025 
Australia’s Business Conditions Ease in November as Capacity Constraints Persist 
Oil Prices Hold Steady as Markets Track Ukraine Peace Talks and U.S. Rate Decision 
Global Forex Markets Brace for Fed Decision as Yen Extends Weakness 
Canada Stocks Steady as Markets Await Fed and BoC Decisions 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Wall Street Futures Steady as Markets Await Fed Decision; Nvidia Gains on China Chip Sales Approval 
Stocks Slip as Investors Brace for Fed Decision and JPMorgan Warning Weighs on Markets 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Australian Dollar Rises as RBA Holds Rates and Signals Persistent Inflation Risks 
Asian Currencies Hold Steady as Traders Await Fed Decision; Aussie Dollar Edges Higher 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Oil Prices Dip as Markets Watch Ukraine Peace Talks and U.S. Rate Decision 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
The U.S. dollar is poised for a weekly gain against major currencies as optimism over a limited U.S.-UK trade agreement and potential progress in upcoming U.S.-China trade negotiations lifted sentiment. Expectations for near-term Federal Reserve rate cuts also diminished after Chair Jerome Powell signaled no urgency for monetary easing.
The euro was steady on Friday morning in Asia but fell 0.6% for the week to $1.1217. The Japanese yen dropped 0.7%, briefly touching a one-month low of 146.18 per dollar. Sterling initially rose on reports of a U.S.-UK trade deal but later slipped to a three-week low of $1.3220 after the deal's modest terms were revealed. The agreement slightly boosts agricultural trade and eases U.S. auto tariffs on British cars but retains a 10% baseline tariff.
Analysts say the dollar’s strength reflects market optimism over reduced trade tensions. Steve Englander of Standard Chartered noted that prospects of a broader trade détente—especially with China—may be calming market fears. President Trump announced the UK deal and hinted at possible tariff reductions on China, with negotiations set to begin in Switzerland this weekend. Reports suggest the U.S. may halve tariffs on Chinese imports, though the White House called the claims speculative.
Risk sentiment improved, as seen in Bitcoin’s rally above $100,000. Meanwhile, the Australian and New Zealand dollars weakened, falling 0.7% and trading at $0.6391 and $0.5892 respectively. Central banks mostly held rates steady, though the Bank of England implemented a cut. Market odds of a Fed rate cut in June dropped from 55% to 17% following Powell’s remarks.
Despite the greenback's G10 strength, it slipped against some Asian currencies, including the Taiwan and Singapore dollars, amid regional currency surges and central bank interventions.
