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New Zealand Dollar gains on hawkish RBNZ policy outlook
NZD/USD gains ground after four days of losses, trading around 0.5870 during the early European hours on Friday. The pair appreciates as the New Zealand Dollar (NZD) receives support from traders continuing to price in a Reserve Bank of New Zealand (RBNZ) rate hike next month.
British Pound edges down against Japanese Yen on hawkish BoJ bets
The British Pound (GBP) faces mild selling pressure against the Japanese Yen (JPY) during the European trading session on Friday.
Japanese Yen: Recovery needs faster BoJ normalisation â OCBC
OCBCâs Sim Moh Siong and Christopher Wong note that September Bank of Japan (BoJ) hike expectations have risen sharply, but the Japanese Yen (JPY) has reacted only modestly.
Forex Today: Easing Fed rate hike bets weigh on USD amid Mideast stalemate
Here is what you need to know on Friday, August 14:
India WPI Inflation came in at 9.78%, below expectations (10.25%) in July
India WPI Inflation came in at 9.78%, below expectations (10.25%) in July
US Dollar: Labor slowdown gives mixed signals for Dollar - Commerzbank
Commerzbankâs Volkmar Baur and Tatha Ghose highlight that despite a âlow-hire, low-fireâ US labor market, the Dollar remains supported. Initial jobless claims and unemployment stay very low, while wage growth shows only tentative signs of slowing.
Euro edges up against British Pound but remains within recent ranges
The Euro (EUR) is trading practically flat against the British Pound (GBP) on Friday, holding moderate gains after bouncing from three-week lows on Thursday. The EUR/GBP pair, however, is struggling to find significant acceptance above 0.8550, and remains on track for a 0.2% weekly loss.
Euro: Higher intraday band within broader range against US Dollar â UOB
United Overseas Bankâs (UOB) Quek Ser Leang and Lee Sue Ann highlight that EUR/USD is consolidating after a brief spike, with the pair expected to trade intraday in a slightly higher 1.1515â1.1550 range as the underlying tone firms.
BoJ set to hike rates as soon as Septemberâ Reuters
The Bank of Japan (BoJ) is set to raise interest rates as soon as September and is likely to hike more aggressively thereafter from the current pace of roughly twice a year, three sources familiar with its thinking told Reuters.
Germany Wholesale Price Index (MoM) came in at 0.2% below forecasts (0.4%) in July
Germany Wholesale Price Index (MoM) came in at 0.2% below forecasts (0.4%) in July
Germany Wholesale Price Index (YoY): 5.3% (July) vs 4.9%
Germany Wholesale Price Index (YoY): 5.3% (July) vs 4.9%
Silver Price Forecast: XAG/USD slips below $64.00 on profit taking
Silver price (XAG/USD) extends its losses for the second consecutive day, trading around $63.50 per troy ounce during the Asian hours on Friday.
WTI regains ground near $80 amid continued energy supply risks
West Texas Intermediate (WTI), futures on NYMEX, trades 0.4% higher around $81.40 during the early European trading session on Friday.