Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
The U.S. dollar edged lower on Monday, retreating from last week’s gains, as traders weighed the economic impact of President Donald Trump’s latest tariff threats and rising fiscal concerns. The greenback weakened after Trump announced plans to double tariffs on imported steel and aluminum to 50% starting Wednesday.
Currency markets have been volatile amid Trump’s unpredictable trade agenda, which has raised fears of slowing growth and surging inflation. The dollar had briefly rallied last week, gaining 0.3% after trade talks with the EU resumed and a U.S. trade court temporarily blocked Trump’s tariffs. However, an appeals court reinstated the duties shortly after, though analysts noted that legal checks remain on presidential trade powers.
As of 0023 GMT, the dollar slipped 0.3% to 143.57 yen. The euro rose 0.2% to $1.1372, while the British pound climbed 0.3% to $1.3489. The Australian dollar also added 0.3%, reaching $0.6454. The U.S. dollar index, which tracks the greenback against six major currencies, declined 0.2% to 99.214.
Adding pressure to the dollar is growing concern over U.S. fiscal health. The Senate is reviewing Trump’s sweeping tax and spending bill, expected to increase federal debt by $3.8 trillion over the next decade. Investors are closely watching section 899 of the bill, which could enable the U.S. to impose punitive taxes on investors from countries with “unfair” tax systems—a move analysts warn could deter foreign investment and weigh further on the dollar.
Despite extreme bearish sentiment surrounding the dollar, analysts caution that the outlook remains uncertain, as geopolitical developments and fiscal debates continue to shape currency moves.
