Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
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 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
The U.S. dollar edged up on Monday after suffering sharp losses last week following a weaker-than-expected July jobs report and President Donald Trump’s abrupt firing of Bureau of Labor Statistics Commissioner Erika McEntarfer. The dollar had tumbled over 2% against the yen and 1.5% against the euro on Friday, as investors ramped up bets on imminent Federal Reserve interest rate cuts.
U.S. nonfarm payrolls missed forecasts, with prior months’ figures revised down by 258,000 jobs, signaling a steeper-than-anticipated slowdown in the labor market. Trump accused McEntarfer of “faking” the numbers, while the unexpected resignation of Fed Governor Adriana Kugler gave the president an opportunity to shape the central bank’s direction sooner than expected.
The dollar recovered slightly, rising 0.14% to 147.60 yen but remained nearly 3 yen below Friday’s peak. The euro slipped 0.2% to $1.1560, and sterling eased 0.1% to $1.3263. Against a basket of currencies, the greenback gained 0.2% to 98.86, after dropping more than 1% on Friday.
Treasury yields fell as traders priced in a 95% probability of a Fed rate cut in September, with over 63 basis points of cuts expected by year-end. The two-year yield dropped to a three-month low of 3.6590%, while the 10-year yield hovered near 4.2060%. Analysts at Macquarie now expect the Fed to cut rates by 25 basis points in September.
The Australian dollar slipped 0.17% to $0.6465, and the New Zealand dollar eased 0.24% to $0.5905. The Swiss franc held steady at 0.8041 per dollar, despite Switzerland facing steep new U.S. tariffs that local industry groups warn could cost tens of thousands of jobs.
