Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Stocks Slip as Investors Brace for Fed Decision and JPMorgan Warning Weighs on Markets 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
U.S. Open to Special Trade Terms for South Africa Under Possible AGOA Extension 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Silver Prices Surge to New Record Above $60 as Supply Concerns and Fed Expectations Boost Demand 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
The U.S. dollar struggled to hold gains on Monday despite easing recession fears and a robust March payrolls report that reduced chances of a Federal Reserve rate cut in June. Analysts at JPMorgan and Goldman Sachs noted the strong labor data likely ensures the Fed keeps rates steady this week, with odds of a June cut dropping to 37% from 64% a month ago.
Still, the dollar showed limited strength, dipping 0.2% against both the euro at $1.1324 and the yen at 144.63, despite thin trading in Asia due to holidays. The dollar index also slipped 0.2% to 99.857. Traders remain cautious, awaiting concrete signs of a breakthrough in U.S.-China trade talks after vague signals from both sides.
President Trump claimed on Sunday that China wanted a deal, but offered no specifics. Beijing is still reviewing Washington's offer on talks regarding the 145% tariffs. Meanwhile, the Taiwanese dollar surged 5% last week amid speculation of U.S. pressure on Asian currencies.
Market confidence in the dollar remains shaky, especially amid political pressure on the Fed and increased speculative short positions, raising the risk of a sudden reversal on positive news.
The next key data point is the ISM services survey, with a weak result likely to reignite slowdown concerns. In the UK, the Bank of England is expected to cut rates by 25 basis points this Thursday, with markets watching for signals of further easing toward 3.5% by year-end.
Elsewhere, central banks in Norway and Sweden are seen holding rates steady. The Australian dollar held firm at $0.6441 following Prime Minister Anthony Albanese’s re-election, supported by global risk-on sentiment after the U.S. jobs report.
