Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
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 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
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 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian currencies traded mostly flat on Thursday after suffering sharp losses in the previous session, as the U.S. dollar held firm on expectations of a cautious Federal Reserve policy path. The U.S. Dollar Index, which tracks the greenback against a basket of major currencies, eased 0.1% after jumping 0.6% to a two-week high overnight. Dollar Index Futures also slipped 0.1% as of 04:30 GMT.
The strength of the dollar comes after remarks from Federal Reserve Chair Jerome Powell, who warned earlier this week that the central bank must remain “measured” when easing monetary policy. Other Fed officials also highlighted the risks of moving too quickly on rate cuts, dampening expectations for aggressive reductions despite last week’s first rate cut since December. Investors now await further speeches from policymakers for additional signals.
Market focus has shifted to key U.S. economic releases that could influence the Fed’s outlook. Weekly jobless claims, due later Thursday, will be closely watched given recent signs of a cooling labor market. An advance reading of second-quarter GDP is also scheduled, while Friday’s release of the Fed’s preferred inflation gauge—the personal consumption expenditures (PCE) price index—remains the main event for traders.
In Asia, currency markets reflected mixed moves. The Japanese yen weakened slightly, with USD/JPY down 0.2% after gaining nearly 1% overnight. Bank of Japan meeting minutes revealed divisions among policymakers, with some advocating for potential rate hikes in the future. The South Korean won slipped 0.3% after climbing 0.7% previously, while the Singapore dollar traded flat. The Indian rupee edged 0.2% lower.
China’s yuan also ticked 0.1% lower in both onshore (USD/CNY) and offshore (USD/CNH) markets. Meanwhile, the Australian dollar stood out, rising 0.3% against the greenback.
Global investors remain cautious, balancing Fed signals with upcoming U.S. data and Asian central bank cues, as volatility persists in currency markets.
