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Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Gold Prices Dip as Markets Absorb Dovish Fed Outlook; Silver Eases After Record High 
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Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Most Asian currencies edged lower on Monday as investors assessed mixed signals on the Federal Reserve’s next policy move. The US Dollar Index held steady after a strong performance last week, keeping pressure on regional currencies. According to the CME FedWatch Tool, expectations for a 25-basis-point Fed rate cut in December rose sharply to about 69%, up from 44% a week earlier. This shift came after New York Fed President John Williams hinted that policy adjustments could be possible in the near term. Still, several Fed officials emphasized that inflation and labor market strength remain concerns, leaving December’s outcome uncertain.
Analysts at ING noted that the minutes from the October FOMC meeting showed many officials leaning against a December rate cut, suggesting that without key upcoming economic data, opinions are unlikely to shift significantly.
Across Asia, the Chinese yuan (USD/CNH) inched 0.1% higher, while the Singapore dollar (USD/SGD) rose 0.2%. The South Korean won (USD/KRW) dropped 0.5%, marking the biggest decline among regional currencies. The Australian dollar (AUD/USD) remained largely stable.
The Japanese yen (USD/JPY) continued to face downward pressure after touching multi-month lows last week. Expectations that the Bank of Japan may maintain or even ease monetary policy—combined with expansionary fiscal measures under new Prime Minister Sanae Takaichi—added to the yen’s weakness. Tokyo officials reiterated that currency intervention remains possible if volatility becomes excessive, offering limited support.
Meanwhile, the Indian rupee (USD/INR) strengthened 0.5% after sinking to a record low of 89.72 on Friday. Reports indicated that the Reserve Bank of India stepped in to stabilize the currency following a sharp sell-off triggered when the pair broke past the 88.80 level, which RBI had previously defended.
This latest currency movement reflects ongoing uncertainty in global monetary policy and shifting investor sentiment across Asian markets.
