Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Asian Stocks Rally as Tech Rebounds, China Lags on Nvidia Competition Concerns 
Global Markets Slide as Tech Stocks Sink, Yields Rise, and AI Concerns Deepen 
BOJ Expected to Deliver December Rate Hike as Economists See Borrowing Costs Rising Through 2025 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
Wall Street Futures Slip as Oracle Earnings Miss Reignites AI Spending Concerns 
Australia’s Labour Market Weakens as November Employment Drops Sharply 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
Fed’s Dovish Tone Sends Dollar Lower as Markets Price In More Rate Cuts 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Asian Stocks Slip as Oracle Earnings Miss Sparks AI Profitability Concerns 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Asian Currencies Steady as Fed Delivers Hawkish Rate Cut; Aussie and Rupee Under Pressure 
Japan Weighs New Tax Breaks to Boost Corporate Investment Amid Spending Debate 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
The U.S. dollar is on track for a weekly loss, pressured by weak economic data and stalled trade talks. Markets are now focused on the upcoming U.S. nonfarm payrolls report, expected to show a 130,000 job increase, with the unemployment rate projected at 4.2%—though a rise to 4.3% is possible.
Recent U.S. data has fallen short of expectations, intensifying fears that tariffs under President Donald Trump are weighing on growth. The dollar index hovered at 98.72 after touching a six-week low, down 0.7% for the week.
Investors briefly welcomed news of a one-hour call between Trump and China’s Xi Jinping, though optimism faded as details remained vague. Meanwhile, a public dispute between Trump and Elon Musk stole attention from the call’s outcome, adding further market uncertainty.
The euro hit a 1.5-month high of $1.1495 after the European Central Bank's hawkish tone despite a rate cut. It last traded at $1.1449. Monex Europe’s Nick Rees noted caution but adjusted his forecast, now expecting only one more rate cut in September to 1.75%.
Sterling edged up 0.1% to $1.3583 and was set for a 0.9% weekly gain, following a surge to a three-year high. The yen dipped 0.1% to 143.74 per dollar. The Australian dollar rose 0.06% to $0.6512, and the New Zealand dollar climbed 0.17% to $0.6048—both on pace for 1.1% weekly gains.
Currency markets remain range-bound ahead of the U.S. jobs report, with traders watching for signs that the Fed’s tight policy may finally be impacting the labor market and dollar momentum.
