Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
The U.S. dollar took a breather on Thursday after rallying on easing tensions over Federal Reserve leadership and U.S.-China trade policy. President Donald Trump stepped back from threats to fire Fed Chair Jerome Powell, while the White House signaled a more flexible stance on tariffs, reducing market anxiety.
After briefly dipping below 140 yen earlier in the week, the greenback rebounded and was last seen trading at 143.25 yen. Support also came from U.S. Treasury Secretary Scott Bessent, who stated the U.S. had no fixed currency target ahead of discussions with Japan. He added that the current trade embargo with China was "unsustainable," but emphasized the U.S. would not be the first to ease its steep tariffs on Chinese imports.
The euro edged lower to $1.1338 after recovering from a three-and-a-half-year low of $1.1572. ING currency strategist Francesco Pesole noted that the dollar remains highly sensitive to trade developments, cautioning that while short-term risks for the USD are tilted to the downside, recent heavy selling may not persist.
The euro-dollar exchange rate, Pesole added, is closely tied to broader dollar movements, with a rise above $1.15 possible if concerns resurface over the Fed’s independence.
Commodity-linked currencies also retreated slightly. The Australian dollar hovered at $0.6361, with resistance seen near its 50-day moving average of $0.6286 amid global growth concerns. The New Zealand dollar remained firm at $0.5949.
Sterling stabilized at $1.3263, and the Swiss franc held steady at 0.8290 per dollar. China’s yuan was little changed, trading around 7.29 per dollar during early Asia hours.
