Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
The U.S. Treasuries suffered Tuesday as investors wait to watch the 5-year auction, scheduled to be held on April 26. Also, markets are keen to watch the country’s President Donald Trump’s tax plan, expected to be unveiled on April 26 for further direction in the debt market.
The yield on the benchmark 10-year Treasury jumped nearly 3 basis points to 2.30 percent, the super-long 30-year bond yields also surged almost 3 basis points to 2.95 percent and the yield on short-term 2-year note traded over 2 basis points higher to 1.25 percent by 11:50GMT.
In FX markets, the USD was little changed against most of its major peers with investors awaiting an outline of Donald Trump’s tax plan, expected on Wednesday. Elsewhere, the CAD was among the main underperformers on news that the United States administration will impose an average 20 percent tariff on Canadian softwood lumber imports.
Financial markets were little changed as the ongoing risk-off movement which has been present during the past week on the back of geopolitical tensions started to fade, judging by the performance of sensitive assets: safe-haven assets continued to inch down and risk asset prices increased today.
Lastly, expectations of U.S. reflationary policies continued to cool, as reflected in the USD, which depreciated once again today, as investors worried about a significant delay in promised US tax reforms. A weaker USD led EM currencies to appreciate across the board.
Meanwhile, the S&P 500 Futures traded 0.8ercent higher at 2,374.25 by 11:50GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -5.17 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
