South Korea Posts Stronger-Than-Expected 1.3% Economic Growth in Q3 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Gold Prices Steady as Markets Await Key U.S. Data and Expected Fed Rate Cut 
Japan’s Service Sector Sustains Growth Momentum in November 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
The Japanese yen hovered near its weakest level in months on Tuesday as traders awaited progress on a U.S. government shutdown deal, while risk-sensitive currencies like the Australian and New Zealand dollars gained ground against the dollar.
The euro held steady at $1.1558, and the British pound edged up to $1.3177, supported by improved risk sentiment. Hopes grew after the U.S. Senate cleared an initial hurdle on Sunday toward approving a deal to restore federal funding and end the country’s longest shutdown on record. However, uncertainty remained over when Congress would finalize the agreement.
The Australian dollar rose 0.7% to $0.6536, marking one of the session’s biggest moves, while the yen slipped to 154.11 per dollar, nearing a nine-month low. Analysts noted that a break beyond 154.48 would mark the yen’s weakest point since early in the year.
Market experts cautioned that the rally in risk assets could reverse if delays emerge in passing the shutdown bill. “Reopening by November 15 is almost fully priced in, so any setbacks could pose risks to liquidity,” said Brent Donnelly, president of Spectra Markets.
House Speaker Mike Johnson signaled optimism, saying the House could approve the bill as early as Wednesday, sending it to President Donald Trump for his signature if the Senate moves swiftly.
Investors are also monitoring key economic indicators due later in the session, including New Zealand inflation expectations, U.K. wage data, and Germany’s ZEW sentiment survey.
The New Zealand dollar, which has been under pressure amid slowing growth, hit a 12-year low against the Australian dollar, underscoring diverging interest rate expectations between the two economies.
As global markets await clarity on the U.S. fiscal situation, traders remain cautious, balancing risk appetite with safe-haven demand in the currency landscape.
