Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
China’s Small Bank Consolidation Struggles as Profits Fall and Risks Persist 
Fed Rate Cut Signals Balance Between Inflation and Jobs, Says Mary Daly 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
U.S. Stock Futures Mixed as Tech and AI Stocks Face Pressure Ahead of CPI Data 
Russia Stocks End Flat as Energy and Retail Shares Show Mixed Performance 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
S&P 500 Slides as AI Chip Stocks Tumble, Cooling Tech Rally 
South Korea Extends Bond Market Stabilization Measures Amid Rising Financial Risks 
Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Japan Business Sentiment Hits Four-Year High, Boosting Expectations of BOJ Rate Hike 
The U.S. dollar traded within a narrow range Tuesday, stabilizing after Monday’s dip as investors eyed trade negotiations ahead of the August 1 tariff deadline. With limited progress reported, U.S. Treasury Secretary Scott Bessent emphasized that the administration prioritizes deal quality over timing. While an extension remains possible, President Donald Trump will decide based on the productivity of ongoing talks.
The Japanese yen, which rose 1% on Monday following Japan’s upper house election, held most of its gains. The election result—while a setback for Prime Minister Shigeru Ishiba’s ruling coalition—was already priced in, keeping the broader market response subdued. The yen traded slightly lower at 147.65 in early Asia.
Analysts warn that growing political uncertainty in Japan could hinder trade deal progress with the U.S. and weigh on the yen. MUFG’s Lee Hardman noted that initial relief post-election may be short-lived due to complications in bilateral negotiations.
Elsewhere, market attention remains on the Federal Reserve amid concerns about its independence, as Trump continues pressuring Fed Chair Jerome Powell over rate decisions. Despite this, Capital Economics expects steady U.S. data and tariff-driven inflation to keep rates unchanged through 2026, supporting dollar strength in coming months.
The euro slipped 0.12% to $1.1684 ahead of a European Central Bank rate decision, while the pound dipped 0.03% to $1.3488. The dollar index edged up to 97.94 after Monday’s 0.6% decline.
Commodity-linked currencies also weakened slightly, with the Australian dollar at $0.6522 and the New Zealand dollar at $0.5960. Overall, lingering uncertainty over global tariffs and central bank policy continues to keep forex markets rangebound.
