RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
The U.S. dollar hovered close to a one-week low against major currencies on Wednesday, as investors awaited the Federal Reserve’s widely anticipated interest rate cut later in the day. Market sentiment remained cautious, with traders closely watching policy cues from central banks in Japan, Australia, and Europe.
The greenback weakened further against the Japanese yen after U.S. Treasury Secretary Scott Bessent indicated that Japan’s new government is open to potential Bank of Japan (BOJ) rate hikes. The dollar slipped 0.2% to 151.84 yen, extending losses from Tuesday. Bessent, currently in Japan with U.S. President Donald Trump for talks with Prime Minister Sanae Takaichi, said Japan’s willingness to give the BOJ policy flexibility would be key to stabilizing inflation and curbing currency volatility.
Meanwhile, the Australian dollar reversed early losses and rose 0.3% to $0.6604 after stronger-than-expected consumer inflation data dampened expectations for a rate cut by the Reserve Bank of Australia next week.
Market attention now turns to Fed Chair Jerome Powell’s post-decision remarks, with analysts noting that investors have largely priced in a dovish tone. “A lot of dovishness is baked into the curve, with a December cut almost fully discounted,” said Kyle Rodda of Capital.com. “Any deviation could spark volatility.”
Adding to market uncertainty, traders are also monitoring an upcoming meeting between President Trump and Chinese President Xi Jinping in South Korea, expected to address trade tensions and rare-earth export policies.
The U.S. dollar index stood at 98.681 after two days of declines. The euro held steady at $1.1655, while the British pound edged up 0.1% to $1.3278. The European Central Bank, also set to meet Thursday, is expected to leave rates unchanged.
