Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth 
Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Trump Meets Mexico and Canada Leaders After 2026 World Cup Draw Amid USMCA Tensions 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Germany’s Economic Recovery Slows as Trade Tensions and Rising Costs Weigh on Growth 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
IMF Deputy Dan Katz Visits China as Key Economic Review Nears 
The U.S. dollar slipped in early Asian trading, trimming a four-week winning streak as markets reacted to a surprise downgrade of America’s credit rating and persistent global trade tensions.
The greenback had gained 0.6% last week after a temporary trade truce between the U.S. and China reduced recession fears. However, fresh economic indicators, including rising import prices and declining consumer confidence, signaled fragility in U.S. economic sentiment.
Moody’s downgraded the U.S. sovereign credit rating by one notch on Friday, citing the ballooning national debt, now exceeding $36 trillion. This move follows earlier downgrades by other major credit agencies and raises fresh concerns over the U.S.’s long-standing safe-haven status.
Mahjabeen Zaman, head of FX research at ANZ, noted that mounting U.S. growth risks and policy uncertainty are undermining investor confidence in the dollar’s traditional role as a safe haven.
U.S. Treasury Secretary Scott Bessent reinforced market jitters on Sunday, warning that President Donald Trump is prepared to impose new tariffs on trading partners who refuse to negotiate “in good faith.” Simultaneously, Trump faces internal Republican resistance over a proposed tax cut bill that could add up to $5 trillion to the federal debt over the next decade.
As a result, the dollar dropped 0.3% to 145.22 yen and 0.2% against the Swiss franc. Meanwhile, the euro rose 0.2% to $1.1185, and the British pound gained 0.1% to $1.3299. The Australian dollar edged up 0.1% to $0.6409, with markets anticipating a 25 basis-point rate cut from the Reserve Bank of Australia. New Zealand’s kiwi dollar also advanced 0.1%, reaching $0.5888.
Forex traders continue to monitor U.S. fiscal developments and central bank actions for further direction.
