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The Australian dollar barely moved on Wednesday, weakening over 7% against the USD and falling against all G7 peers in the past three months.
The Nikkei 225 rose over 2% on Tuesday. Economists forecast Japan's economy will grow by over 1% in real terms in fiscal 2025.
Gold stayed near a three-week high on Monday, with Chinese dealers raising premiums due to stronger demand ahead of the New Year.
Oil prices were on track for a second weekly gain, driven by hopes of increased government support to boost economic growth and fuel demand.
The South African rand erased early gains on Thursday, extending December's weakness, but could rally, according to the options market.
On October 2, HK stocks surged 18% after China announced policy easing in a rare briefing by central bank governor Pan Gongsheng.
The Turkish lira slumped nearly 20% in 2024, while global central banks rushed to defend currencies after the Fed signaled slower rate cuts.
Oil prices remain steady but are set for a weekly gain amid concerns of oversupply, economic recovery hopes in China, and rising production.
Honda and Nissan are in talks to merge by 2026 to compete with Chinese EV makers, amid challenges and declining sales in Japan's car industry.
Sterling remained flat amid weak UK economic data and holiday trading, with a bearish outlook, though market movement remains limited.
The Australian dollar stays near a two-year low despite China's stimulus plans, with strong fiscal support and robust iron ore demand offering relief.
The euro is near a two-year low, with weak eurozone growth, falling German confidence, and the ECB cautious on easing despite inflation stabilization.
The yen weakens amid rising inflation and economic uncertainty in Japan, while the dollar strengthens, driven by a hawkish Fed outlook.
Sterling neared a one-month low as UK-US policy gap narrowed, with the Fed’s hawkish tone surprising markets, partly due to Trump’s unpredictability.
