Gold Prices Hold Firm as Markets Await Fed Rate Cut; Silver Surges to Record High 
Gold Prices Slip Slightly in Asia as Silver Nears Record Highs on Dovish Fed Outlook 
Mexico Moves to Increase Tariffs on Asian Imports to Protect Domestic Industries 
U.S. Dollar Slides for Third Straight Week as Rate Cut Expectations Boost Euro and Pound 
Global Forex Markets Brace for Fed Decision as Yen Extends Weakness 
Wall Street Futures Dip as Broadcom Slides, Tech Weighed Down Despite Dovish Fed Signals 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Brazil Holds Selic Rate at 15% as Inflation Expectations Stay Elevated 
Oil Prices Edge Higher as U.S. Seizes Sanctioned Venezuelan Tanker 
Asian Currencies Hold Steady as Indian Rupee Slides to Record Low on Fed Outlook 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Hong Kong Cuts Base Rate as HKMA Follows U.S. Federal Reserve Move 
US Signals Openness to New Trade Deal as Brazil Shows Willingness, Says USTR Greer 
Ireland Limits Planned Trade Ban on Israeli Settlements to Goods Only 
Modi and Trump Hold Phone Call as India Seeks Relief From U.S. Tariffs Over Russian Oil Trade 
Oil Prices Rebound in Asia as Venezuela Sanctions Risks Offset Ukraine Peace Hopes 
The U.S. dollar continued its decline on Wednesday, extending a two-day slide against major currencies as President Donald Trump struggled to rally Republican support for his ambitious tax reform bill. The proposed bill, expected to add $3–5 trillion to national debt, has heightened investor concerns over U.S. fiscal stability.
Currency traders remain cautious amid speculation that U.S. officials may be pushing for a weaker dollar at the ongoing G7 finance meetings in Canada. This comes as momentum in trade talks with key allies like Japan and South Korea slows, and tariff reprieves near expiration without new agreements in place.
The dollar’s weakness is also driven by rising U.S. Treasury yields and concerns about America's diminishing appeal as a safe-haven investment. Last week’s Moody’s downgrade of the U.S. sovereign debt rating further dampened sentiment. Goldman Sachs warned that while recession fears have eased, risks from rising rates are increasing, and the U.S. still faces the most challenging growth-inflation mix among major economies.
Early in Asian trading, the dollar dropped 0.14% to 144.31 yen and 0.22% to 0.8264 Swiss franc. The euro rose 0.07% to $1.1291, while the British pound edged up 0.1% to $1.3405 ahead of UK inflation data. The dollar index slipped 0.03% to 99.938 after a sharp two-day drop of 1.3%.
Federal Reserve officials reiterated their cautious stance, emphasizing uncertainty around trade policies. Markets remain hopeful for trade resolutions, but analysts caution that further optimism hinges on new developments.
Investors are now watching for signs of sustained progress in fiscal and trade policy, as continued uncertainty could keep the dollar under pressure in the near term.
