Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
The U.S. dollar slipped to a two-week low against the yen on Thursday, pressured by rising fiscal concerns and a weak 20-year Treasury bond auction. The sale underscored growing investor skepticism over U.S. financial stability, especially following last week’s credit rating downgrade by Moody’s.
Market jitters intensified as President Donald Trump pushed forward his ambitious spending and tax-cut bill, which analysts warn could add $3 trillion to $5 trillion to the national debt. Republican lawmakers remain divided, with some criticizing the bill for not doing enough to curb spending.
The dollar fell to 143.27 yen, its lowest since May 7, despite an early boost after Japanese Finance Minister Katsunobu Kato’s comments downplaying foreign exchange discussions with U.S. officials. The brief rally faded, highlighting persistent concerns that the White House may favor a weaker dollar, particularly against Asian currencies.
The euro remained stable at $1.1330 after three consecutive days of gains. The British pound held firm at $1.3426, while the Swiss franc inched up 0.1% to 0.8245 per dollar. South Korea’s won surged to 1,368.90 per dollar, its strongest since November, before slightly weakening to 1,377.00, amid reports of U.S. pressure to support the currency.
As traditional safe havens like the dollar lost appeal, investors turned to gold and cryptocurrencies. Gold rose to $3,325.79, nearing its April record, while Bitcoin surged 1.6% to $110,049.82 after hitting an all-time high of $110,636.58. According to Convera’s James Kniveton, safe-haven demand has shifted toward gold, the yen, and the euro, reflecting waning confidence in U.S. fiscal policies.
