Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
U.S. Stock Futures Hold Steady Ahead of Key Fed Decision 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Holiday Economic Questions: What Bank of America Says You Should Expect 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Oil Prices Hold Near Two-Week Highs as Markets Await Fed Rate Cut and Monitor Geopolitical Risks 
U.S. Defense Bill Sets Record $901 Billion Budget, Includes Ukraine Aid 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
The U.S. dollar weakened on Friday, marking its first weekly decline in five weeks against major currencies like the euro and yen, as investors shifted to safe-haven assets amid rising concerns over America’s ballooning debt and fiscal outlook. This follows Moody’s recent downgrade of U.S. debt and renewed scrutiny over the $36 trillion national debt and President Donald Trump’s tax bill, which could significantly inflate the deficit.
The dollar index dipped 1.1% this week, trading at 99.829 in early Asia hours, despite surging U.S. Treasury yields. The 30-year bond yield held above 5%, nearing 19-month highs and approaching levels not seen since mid-2007. However, the elevated yields failed to support the dollar, triggering a "Sell America" trend as foreign investors pull back amid fears of fiscal irresponsibility.
Pepperstone’s Chris Weston attributed the market’s reaction to rising yields not to stronger economic fundamentals but to growing worries about deficit spending, inflation expectations, and higher interest burdens. These concerns have pushed up the term premium, discouraging foreign participation in U.S. markets.
The euro rose 0.21% to $1.1303, heading for a 1.2% weekly gain, while the yen steadied at 143.84 per dollar, also up 1.2% for the week. Japan’s core inflation hit a two-year high in April, boosting prospects for another rate hike. The Swiss franc firmed to 0.8272 per dollar, and the New Zealand dollar edged up to $0.59095.
Meanwhile, the Australian dollar traded at $0.6422, little changed for the week, following the Reserve Bank of Australia’s rate cut to 3.85% due to global uncertainties and easing domestic inflation.
