Asian Stocks Fall as Surging Bond Yields Rattle Markets 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
China’s ‘Lipstick King’ Says AI Won’t Replace Livestream Hosts 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
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The U.S. dollar remained under pressure on Monday, extending losses near a two-month low, while the euro and British pound held relatively steady as investors awaited a series of critical central bank decisions this week. Currency markets were largely rangebound during early Asian trading, reflecting cautious sentiment ahead of major economic events, including U.S. inflation data and the highly anticipated nonfarm payrolls report.
The Japanese yen was little changed after a key Bank of Japan survey showed that business sentiment among large manufacturers rose to a four-year high. Despite the positive data, the yen slipped 0.1% to 155.94 per dollar. The survey reinforced expectations that the Bank of Japan may raise interest rates later this week, marking a potential shift in Japan’s long-standing ultra-loose monetary policy. Market participants are closely watching Governor Kazuo Ueda’s guidance for clues on the future pace of rate hikes. Analysts at Societe Generale expect the BOJ to raise rates this week and forecast the policy rate could reach 1% by July next year, followed by gradual and cautious tightening.
Attention is also firmly on Europe, with rate decisions from the Bank of England and the European Central Bank scheduled. Markets have largely priced in a Bank of England rate cut as UK inflation shows signs of easing, though upcoming inflation data could still influence expectations. Sterling dipped 0.17% to $1.3359, while the euro edged down 0.09% to $1.1730. The ECB is widely expected to keep rates unchanged, although traders have begun speculating about a possible rate hike in 2026.
In the United States, investors are preparing for a wave of delayed economic data following a historic government shutdown. The November jobs report and inflation figures are expected to provide fresh insight into the health of the U.S. economy. The dollar index stood at 98.43, struggling to regain momentum after last week’s decline.
Meanwhile, the Australian dollar slipped slightly to $0.6647, while the New Zealand dollar edged higher to $0.5807. The Federal Reserve’s recent 25-basis-point rate cut and cautious guidance from Chair Jerome Powell continue to shape global currency trends as markets head toward year-end.
