S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketThe dollar index hovered near two-month lows around 98.3 on Friday and was on track for a third consecutive weekly drop. The decline came as the Federal Reserve cut interest rates as expected and delivered a less hawkish outlook than markets anticipated. Chair Jerome Powell indicated that further rate hikes are unlikely, with Fed projections pointing to a single reduction next year. The Fed also announced plans to buy short-dated Treasury bills to support market liquidity, pushing yields lower and adding pressure on the dollar. Meanwhile, initial jobless claims rose by the most in nearly four and a half years last week, reinforcing a dovish rate outlook. In contrast, other major economies, including Australia, Canada, and Europe, are seeing hawkish repricing, further weighing on the greenback. The dollar is poised to weaken against most major currencies this week, with the steepest losses expected versus the euro.
