Dollar Struggles as Markets Eye Key Central Bank Decisions and Global Rate Outlooks 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Oil Prices Rebound as U.S.-Venezuela Tensions Offset Oversupply Concerns 
Japan PMI Data Signals Manufacturing Stabilization as Services Continue to Drive Growth 
Asian Stocks Slide as Central Bank Decisions and Key Data Keep Investors Cautious 
China’s November Economic Data Signals Slowing Industrial Output and Weak Consumer Demand 
Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
Asian Technology and Chipmaking Stocks Slide as AI Spending Concerns Shake Markets 
Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
U.S. Dollar Slips Near Two-Month Low as Markets Await Key Jobs Data and Central Bank Decisions 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Wall Street Futures Slip as Tech Stocks Struggle Ahead of Key US Economic Data 
The US dollar extended its decline Tuesday as investors grew increasingly wary over the country’s rising debt burden linked to President Donald Trump’s sweeping tax and spending proposals. Markets remained cautious amid Senate debates on a tax-cut bill projected to add $3.8 trillion to the national debt over the next decade, according to the Congressional Budget Office.
The recent downgrade of the US sovereign credit rating by Moody’s on May 16 and concerns over expanded Treasury issuance have deepened investor unease. Chris Weston, head of research at Pepperstone, noted that “all roads have led to a weaker USD,” citing the perceived ballooning deficits and a shift away from dollar-denominated assets.
While global markets climbed on Monday during the US holiday, the dollar struggled. Trump’s last-minute decision to delay a planned 50% tariff hike on EU imports provided a boost to the euro, which climbed to a one-month high. European Central Bank President Christine Lagarde remarked that the euro could rival the dollar globally if the bloc strengthens its financial and security systems.
The dollar index dipped 0.1%, marking its third straight day of losses. The greenback fell 0.3% to 142.35 yen, while the euro edged up 0.1% to $1.1399. The British pound also gained 0.1% to $1.3581. Meanwhile, the New Zealand dollar held steady at $0.5999 after reaching a six-month peak on Monday. Traders now await the Reserve Bank of New Zealand’s interest rate decision on Wednesday, with a rate cut to 3.25% widely anticipated.
Ongoing volatility around US fiscal policy and global trade remains a key driver of currency market sentiment.
