Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Korea Zinc Plans $6.78 Billion U.S. Smelter Investment With Government Partnership 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Indonesia–U.S. Tariff Talks Near Completion as Both Sides Push for Year-End Deal 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Asian currencies traded in a narrow range on Tuesday as renewed U.S.-China trade tensions kept markets on edge. The dollar remained steady ahead of Federal Reserve Chair Jerome Powell’s upcoming address, while regional currencies struggled to recover from steep losses in the previous session.
Market sentiment soured after U.S. President Donald Trump threatened to impose 100% tariffs on Chinese imports, prompting a strong response from Beijing. China’s Ministry of Commerce warned that it would “fight to the end” in any trade conflict with the United States. Despite diplomatic efforts to ease concerns, traders remained cautious amid fears of escalating trade hostilities between the two largest economies.
The Chinese yuan weakened slightly, with the USD/CNY pair rising 0.1%, reflecting investor anxiety. Trade data released Monday showed that China’s exports remained resilient despite 50% tariffs, as exporters diverted shipments to other Asian and European markets.
Elsewhere, the Japanese yen slipped slightly against the dollar (USD/JPY), weighed down by expectations of increased fiscal spending under incoming Prime Minister Sane Takaichi. However, her leadership faced uncertainty after a key coalition partner withdrew support. The South Korean won (USD/KRW) was largely unchanged, while the Australian dollar (AUD/USD) fell 0.3%. The Indian rupee (USD/INR) remained above 88, pressured by weaker consumer inflation data that fueled speculation of further rate cuts by the Reserve Bank of India.
Meanwhile, the U.S. dollar index eased 0.1% as traders awaited Powell’s remarks at the National Association for Business Economics meeting. The ongoing U.S. government shutdown has delayed key economic data, deepening uncertainty ahead of the Fed’s late-October meeting, where another 25 basis-point rate cut is expected.
The Singapore dollar (USD/SGD) held steady after stronger-than-expected third-quarter GDP growth. The Monetary Authority of Singapore maintained its policy stance, citing stable growth and limited fallout from trade tariffs, though economic momentum cooled compared to the previous quarter.
