Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
ASX Shares Slide After ASIC Imposes A$150 Million Capital Requirement 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
The U.S. dollar started the week on steady footing, trading at 143.57 yen and $1.1360 per euro, as investors braced for a wave of economic data that could reveal the impact of President Donald Trump's ongoing trade war. Despite stabilizing, the dollar remains on track for its largest monthly decline in nearly two and a half years, having dropped over 4% against both the euro and yen in April.
Signs of easing tensions between the U.S. and China last week, including reduced tariffs and more conciliatory rhetoric, helped the greenback recover slightly. However, uncertainty persists, as Beijing denies active trade negotiations despite Trump’s claims of progress. U.S. Treasury Secretary Scott Bessent also refrained from confirming any ongoing tariff talks.
Markets are now focused on upcoming key indicators, including April’s U.S. jobs report, first-quarter GDP data, and the Fed’s preferred inflation gauge, core PCE. A slowdown in hiring is anticipated, potentially influencing the dollar’s trajectory.
Meanwhile, the Australian dollar hovered near recent highs at $0.64, with traders eyeing Wednesday’s inflation data ahead of an expected rate cut. The New Zealand dollar also remained firm near $0.60. In Canada, voters head to the polls Monday, but little currency volatility is expected, with the Canadian dollar steady at C$1.3874.
The Bank of Japan will announce monetary policy on Thursday, with no major changes expected. Attention will be on the outlook, particularly amid speculation about U.S.-Japan trade talks influencing currency dynamics. Japan’s top currency official, Atsushi Mimura, denied reports that the U.S. favors a weaker dollar.
