BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Asian Currencies Steady as Markets Await Fed Rate Decision; Indian Rupee Hits New Record Low 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
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 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
The U.S. dollar found some support on Monday but remained near a three-year low after a volatile week driven by President Donald Trump’s shifting tariff policies. Markets remain on edge as Trump’s abrupt imposition and partial postponement of tariffs continue to create confusion and weigh on investor sentiment.
Despite a brief reprieve—after the White House excluded smartphones, computers, and other Chinese electronics from steep tariffs—Trump warned the move would be short-lived, deepening market uncertainty. “It’s been handled haphazardly and heavy-handedly,” said IG analyst Tony Sycamore, emphasizing persistent market volatility.
The dollar rose 0.34% against the Swiss franc after hitting a decade-low last week, while the euro eased 0.13% to $1.1344 following a 3.6% surge that pushed it to a three-year high. Analysts forecast the euro could reach $1.20 by late July as investors continue moving funds out of U.S. assets.
Concerns about the dollar’s role as the world’s reserve currency are accelerating de-dollarisation trends. Deutsche Bank’s George Saravelos pointed to a combined collapse in the U.S. currency and bond market, noting the steep sell-off in Treasuries and the rapid unwinding of basis trades by hedge funds as key pressures on the dollar.
The dollar index hovered near 99.73, close to Friday’s low. U.S. 10-year Treasury yields remained elevated at 4.47%, marking the largest weekly rise in decades. Saravelos warned that the global financial system is recalibrating, and the dollar's dominance is under serious reassessment.
Elsewhere, the yen dipped 0.2% to 143.79, the British pound fell 0.33% to $1.3084, and the Aussie dollar extended last week’s gains, up 0.15% to $0.63035. The New Zealand dollar rose 0.33%, while the offshore yuan weakened 0.17% to 7.2941 ahead of onshore trading.
