Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
Global Forex Markets Brace for Fed Decision as Yen Extends Weakness 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Asian Stocks Slip Ahead of Fed Decision as China Deflation Concerns Deepen 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
The U.S. dollar remained near its lowest level in three years on Tuesday, pressured by President Donald Trump’s escalating attacks on Federal Reserve Chair Jerome Powell, which have deepened investor concerns over U.S. monetary policy and economic stability.
Trump lashed out on Truth Social, labeling Powell a “major loser” and demanding immediate interest rate cuts to avoid an economic slowdown. His criticism followed White House economic adviser Kevin Hassett’s statement that the administration is reviewing whether Powell can be removed—intensifying fears about the Fed’s independence.
The dollar index, which tracks the greenback against six major currencies, slipped to 98.454 after touching 97.923—its weakest since March 2022. The dollar dipped to 0.8095 Swiss franc, nearing the previous session’s decade-low of 0.8042, and held at 140.99 yen, just above Monday’s seven-month low of 140.48. The euro stood firm at $1.1502 after hitting $1.1573, its highest since November 2021.
Concerns about Trump undermining central bank credibility, combined with prolonged U.S.-China trade tensions, have further dampened sentiment. China recently accused Washington of tariff abuse and warned other nations against aligning economically with the U.S. at their expense.
Analysts warn that continued uncertainty around U.S. monetary policy could prompt further dollar weakness. “The longer doubts about Fed independence persist, the greater the risk to the dollar,” said Commonwealth Bank’s Joseph Capurso, adding that a sharp correction in U.S. bonds or equities might be needed to shift Trump’s tone.
The risk-sensitive Australian dollar also gained ground, climbing to a four-month high of $0.6436 on Monday and hovering at $0.6414 in recent trading. Investors remain on edge as political pressure on the Fed and trade disputes continue to cloud the U.S. economic outlook.
