Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
U.S. Open to Special Trade Terms for South Africa Under Possible AGOA Extension 
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 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Stocks Slip as Investors Brace for Fed Decision and JPMorgan Warning Weighs on Markets 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
The dollar struggled to recover on Tuesday after sharp losses, as confusion over the Sino-U.S. trade war continued to unsettle markets. Treasury Secretary Scott Bessent said the onus was on China to de-escalate tariffs, contrasting President Trump’s claims of progress with Beijing’s denials. Investors, seeking safe havens, sold off the dollar, pushing it down sharply against the yen and Swiss franc on Monday.
The U.S. currency edged up 0.11% to 142.19 yen and rose 0.18% against the franc to 0.8217 but remained well below previous levels. Sentiment improved slightly after news that Trump’s administration plans to ease the impact of automotive tariffs.
Despite limited evidence of meaningful progress, both Washington and Beijing showed signs of softening, with China exempting some U.S. goods from high tariffs. However, analysts remain skeptical. Carol Kong of Commonwealth Bank of Australia noted that chaotic U.S. tariff policies are damaging confidence, warning that a prolonged trade war is likely.
Meanwhile, the euro slipped 0.15% to $1.1404 but stayed on track for its strongest monthly gain against the dollar in nearly 15 years. Sterling hovered near a three-year high at $1.3427. Against a basket of currencies, the dollar steadied at 99.079.
Investors are bracing for key U.S. economic data this week, including Friday’s jobs report and core PCE inflation data. Weak data could further erode the dollar’s safe-haven appeal, with Kong suggesting the greenback is increasingly behaving like a risk currency.
The Canadian dollar held at C$1.3837 as voters awaited election results heavily influenced by Trump's tariff policies. The Australian dollar slipped 0.02% to $0.6431, while the New Zealand dollar fell 0.27% to $0.59635.
