Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
The U.S. dollar edged higher on Tuesday as geopolitical tensions in the Middle East and investor caution ahead of major central bank meetings kept most currencies range-bound. Market sentiment remained risk-averse, with attention turning to the Bank of Japan (BOJ) and the U.S. Federal Reserve.
The BOJ is expected to maintain interest rates at its policy meeting, while investors await comments from Governor Kazuo Ueda regarding inflation and potential adjustments to bond-buying. The yen slightly strengthened to 144.70 per dollar, recovering modestly after earlier losses.
Carol Kong, currency strategist at Commonwealth Bank of Australia, noted the BOJ’s role as the next key market driver, especially amid Japan’s inflation and trade concerns. Prime Minister Shigeru Ishiba’s recent tariff discussions with U.S. President Donald Trump ended without agreement, according to Fuji TV.
Meanwhile, the dollar gained on safe-haven demand as tensions escalated between Iran and Israel. Trump’s early departure from the G7 summit and his call for evacuation from Tehran underscored the crisis. Still, DBS analysts said global spillover risk remains “manageable” for now.
The risk-sensitive Australian dollar fell 0.27% to $0.6507, while the New Zealand dollar slipped 0.17% to $0.6049. The euro dipped 0.1% to $1.1545, and the British pound declined 0.09% to $1.3563. The U.S. dollar index edged up to 98.23.
Looking ahead, the Fed’s policy decision on Wednesday is the week’s major event. While rates are expected to remain steady, investors will focus on the dot plot and economic projections for clues on future policy. Ronald Temple of Lazard predicts no rate cuts this year, diverging from market expectations of two.
Trump also signed a deal to reduce certain tariffs on British imports, advancing U.S.-UK trade negotiations.
