U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
U.S. Stocks Rise as Cooler Inflation Boosts Hopes for Fed Rate Cut 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Russia Stocks Close Flat as MOEX Hits 1-Month High 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Holiday Economic Questions: What Bank of America Says You Should Expect 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
The U.S. dollar sank to a three-year low on Thursday as Asian currencies gained ground, fueled by political pressure on the Federal Reserve and improving regional risk sentiment. The dollar index slipped 0.2% to 0.3% during Asian trading, marking its weakest level since March 2022.
U.S. President Donald Trump intensified his criticism of Fed Chair Jerome Powell, calling for aggressive interest rate cuts. A Wall Street Journal report that Trump may name Powell’s successor earlier than expected added further pressure on the greenback, prompting speculation of a possible rate cut as soon as July. Trump stated this week that interest rates should be two to three points lower, warning that high rates could harm the U.S. economy.
The dollar's appeal as a safe haven also waned after a U.S.-brokered ceasefire between Israel and Iran appeared to be holding. Trump hinted at renewed nuclear talks with Iran next week, further supporting risk-on sentiment.
Asian currencies strengthened across the board. The Chinese yuan rose to a seven-month high after local officials suggested upcoming stimulus measures, including consumer subsidies set to launch in July. The Taiwan dollar led gains, with the USDTWD pair plunging 1%. The Japanese yen also firmed ahead of Tokyo’s inflation report, which could influence the Bank of Japan’s potential rate hike, especially following hawkish BOJ comments this week.
Meanwhile, the South Korean won, Australian dollar, Singapore dollar, and Indian rupee all appreciated, each strengthening between 0.2% and 0.4% against the weakening dollar.
With growing expectations of U.S. monetary easing and positive sentiment in Asia, traders are shifting away from the dollar and into regional currencies, signaling a potential turning point in global forex trends.
