
USD Under Close Watch as Markets Focus on Fed Rate Outlook & Potential Powell Successor
The US dollar weakens as markets focus on next week’s FOMC meeting, rising expectations of a Fed rate cut, and speculation over Jerome Powell’s successor.

The US dollar weakens as markets focus on next week’s FOMC meeting, rising expectations of a Fed rate cut, and speculation over Jerome Powell’s successor.

The ringgit holds firm against the US dollar as markets adopt a cautious stance ahead of next week’s FOMC meeting and US economic uncertainty.

Oil prices rise after OPEC+ reaffirms its production pause for early 2026 as geopolitical risks from Venezuela and Russia add fresh supply uncertainty.

Bank Indonesia signals a stronger rupiah next year, targeting 16,500 per dollar as Governor Warjiyo emphasizes currency stability and room for further policy easing.

Asian stocks open steady as Fed rate-cut expectations lift sentiment, while the yen strengthens on prospects of a near-term Bank of Japan rate hike.

Hong Kong stablecoin-linked stocks slump as China’s central bank renews its crackdown on virtual currencies, raising fresh regulatory concerns and pressuring crypto-exposed financial companies.

Gold confirms a breakout above $4,200, signaling renewed bullish momentum, but the metal now faces key resistance and must hold critical support to validate the upward continuation.

XRP continues to trade within a tight consolidation range between $2.15 support and $2.30 resistance, with Friday marking the fourth consecutive day of sideways action.

Gold (XAU/USD) rises over 1% on Friday amid a scarce economic docket, but traders are pricing further easing by the Federal Reserve (Fed) at the next meeting, pushing the non-yielding metal past the $4,200 mark for the first time in the last ten days.

CME Group triggered an immediate trading halt across multiple major markets after a cooling system failure at CyrusOne’s data center disrupted core infrastructure. The outage left brokers without pricing for key futures and spot contracts, affecting liquidity worldwide.