IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian currencies edged lower on Wednesday as the U.S. dollar strengthened following better-than-expected consumer sentiment data. The U.S. Dollar Index rose 0.3% during Asian trading, supported by a positive economic outlook, while Dollar Index Futures mirrored the gain.
The Japanese yen weakened further, with USD/JPY up 0.2% after a near 1% rise on Tuesday. Market attention turned to Japan’s 40-year bond auction, as yields on 20-, 30-, and 40-year government bonds recently surged to record highs. A Reuters report indicated that Japan’s Ministry of Finance may reduce super-long bond issuance due to waning demand from institutional investors like life insurers.
China’s yuan also slipped slightly, with both USD/CNY and USD/CNH pairs up 0.1%. The Australian dollar remained mostly flat after erasing early losses. April’s consumer price index came in higher than expected, challenging market assumptions of further interest rate cuts by the Reserve Bank of Australia.
Meanwhile, the Reserve Bank of New Zealand cut rates by 25 basis points, aligning with expectations amid weak domestic growth and global trade pressures. The NZD/USD pair responded positively, rising 0.4%.
In other currency moves, the South Korean won remained stable against the dollar, while the Singapore dollar appreciated 0.1%. The Indian rupee weakened, with USD/INR advancing 0.3%.
Investors are closely monitoring macroeconomic data and central bank actions across the Asia-Pacific region as global monetary dynamics shift. The upcoming bond auction in Japan and inflation trends in Australia are key focus areas influencing regional currency performance and rate outlooks.
