China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
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 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
US Dollar Stable as Market Awaits US Inflation and Fed Insights
The US dollar opened cautiously on Monday, reflecting market anticipation for upcoming US inflation data and insights from Federal Reserve speakers. Meanwhile, China’s recent stimulus package has left the yuan subdued, impacting the currencies of key trading partners.
China’s Economic Signals Raise Concerns
Data released over the weekend highlighted China’s economic struggles, with consumer price growth at a four-month low and producer price deflation worsening. Retail sales and industrial output reports, expected this Friday, will reveal whether Beijing’s stimulus efforts are affecting domestic demand. Underwhelming results from these measures saw the Australian and New Zealand dollars decline on Friday, as both countries depend heavily on Chinese exports.
Currency Movements and Fed Influence
The dollar hovered near 7.1970 yuan and could soon test the 7.2000 mark. In limited US trading due to a bond market holiday, the dollar rose by 0.1% against the yen, reaching 152.90. The dollar index saw a slight uptick, sitting at 105.00 after a 0.6% gain last week, with the euro stable at $1.0711, facing resistance around $1.0667.
European and US Policy Impact
The euro is under pressure amid Germany’s political uncertainties, as Chancellor Olaf Scholz considers a confidence vote that could lead to early elections. Market attention is also on the US Federal Reserve, with Chair Jerome Powell and other officials scheduled to speak this week. Investors are watching for signals on future rate adjustments as inflation data could influence Fed policy in December.
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