Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Oil prices fell slightly in Asian trading on Thursday, weighed down by a stronger U.S. dollar and cautious market sentiment ahead of a key meeting between U.S. President Donald Trump and Chinese President Xi Jinping. The Federal Reserve’s latest policy move also added pressure, as it cut interest rates but signaled that further easing in December was unlikely.
Brent crude futures slipped 0.2% to $64.81 per barrel, while West Texas Intermediate (WTI) crude fell 0.3% to $60.31 per barrel by 21:18 ET (01:18 GMT). The greenback strengthened sharply after the Fed’s decision, gaining nearly 0.6% against a basket of major currencies before seeing slight pullbacks in Asian trade. A stronger dollar typically weighs on oil and other commodities priced in the U.S. currency, making them more expensive for overseas buyers.
Market focus has now turned to the highly anticipated Trump-Xi meeting in South Korea, held on the sidelines of the Asia-Pacific Economic Cooperation (APEC) summit. The talks are seen as crucial for shaping future U.S.-China trade relations, which have been a major source of market volatility in recent months. Both nations have shown signs of compromise ahead of the meeting, raising hopes for progress toward a broader trade deal that could ease global economic uncertainty and support oil demand.
Despite short-term gains following the Fed’s rate cut—typically supportive of energy consumption—crude prices remain under pressure. Ongoing concerns about slowing demand and a persistent supply glut have weighed on sentiment, keeping oil prices on track for a third consecutive monthly decline. With global economic headwinds and cautious optimism surrounding U.S.-China diplomacy, traders are bracing for continued volatility in the oil markets.
