Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Dollar Stabilizes, Offering Relief to Global Currencies
The U.S. dollar paused its rally on Wednesday, providing relief to major currencies like the yen, following last week's sharp rise to a seven-week high. Investors are reassessing the U.S. interest rate path amid a relatively light economic data calendar this week.
Kiwi Hits Low After RBNZ Holds Rates
The New Zealand dollar slumped to $0.6096, its lowest since August 19, after the Reserve Bank of New Zealand (RBNZ) opted to keep interest rates unchanged at 5.50%. The Kiwi was last down 0.55%, trading at $0.61035. The RBNZ had previously started an easing cycle in August to reduce rates from 15-year highs.
U.S. Dollar Outlook: Inflation and Earnings Key
Market attention now shifts to Thursday's Consumer Price Index (CPI) report, which is expected to drive the next phase of the dollar's movement. Following stronger-than-expected jobs data last week, markets have scaled back expectations for significant interest rate cuts by the Federal Reserve in November. However, a quarter-point reduction remains a possibility.
Global Currencies Respond
The dollar index remained stable at 102.490, near its recent high of 102.69. The euro held firm at $1.0977, while the British pound traded at $1.3101. Meanwhile, the Australian dollar struggled, down 0.08% at $0.67415.
China's Economic Outlook
In China, despite economic concerns, Beijing expressed confidence in meeting its annual growth targets. However, investors remain cautious as no additional fiscal support measures were announced, leaving the offshore yuan stable at 7.0695 per dollar.
