Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
The US dollar hovered near a three-week high against major currencies on Tuesday as markets awaited key inflation data that could influence Federal Reserve policy. Support for the greenback came from rising Treasury yields and speculation over Fed Chair Jerome Powell’s future, following renewed criticism from President Donald Trump.
The dollar index stood at 98.104, just below Monday’s peak of 98.136, its strongest since June 25. It traded at 147.75 yen, near its recent high of 147.78. The euro remained steady at $1.1662 after slipping to a low of $1.1650.
Markets are focused on upcoming US inflation figures, with headline inflation expected to rise to 2.7% year-on-year from 2.4%, and core inflation to 3.0% from 2.8%, according to a Reuters poll. Fed Chair Powell previously suggested summer inflation may increase due to tariffs, reinforcing expectations that rate cuts may be delayed until later this year.
However, should inflation remain flat or weaken, calls for monetary easing could grow. Trump on Monday intensified his attacks on Powell, suggesting rates should be slashed to 1% or below from the current 4.25%–4.50%. Futures markets are pricing in 50 basis points in cuts by year-end, with the first move likely in September.
Bitcoin hit a new all-time high of $123,153.22 on Monday and was trading at $120,067, amid optimism over favorable crypto legislation this week.
Meanwhile, the Australian dollar dipped to $0.6542 as investors awaited China’s Q2 GDP report. Analysts expect growth to slow to 5.1% from 5.4% amid trade pressures and a weakening property market. Disappointing data could weigh further on the Aussie, given China’s role as Australia’s top trading partner.
