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US Dollar: Labor slowdown gives mixed signals for Dollar - Commerzbank
Commerzbankās Volkmar Baur and Tatha Ghose highlight that despite a ālow-hire, low-fireā 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 ā UOB
United Overseas Bankās (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 1.1515ā1.1550 range as the underlying tone firms.
BoJ set to hike rates as soon as Septemberā 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,Ā 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.
AUD/JPY Price Forecast: Weakens to near 112.50, near-term outlook remains bearish
The AUD/JPY cross trades in negative territory around 112.55 during the early European trading hours on Friday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) as traders remain on high alert for further currency intervention from Japanese authorities.Ā
Indian Rupee flattens, awaiting fresh remarks on Hormuz future
The Indian Rupee (INR) trades flat at around 95.40 against the US Dollar (USD) on Friday. The USD/INR pair consolidates as investors seek fresh cues regarding the reopening of the Strait of Hormuz, a vital passage to almost one-fifth of global energy supply, which is keeping oil prices higher.
United States Dollar Index weakens as cooling US inflation eases Fed rate hike odds
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the second successive day, trading around 99.90 during the Asian hours on Friday.
British Pound strengthens to near 1.3500 as Fed rate hike bets ease
The GBP/USD pair gathers strength to near 1.3495 during the early European trading hours on Friday.
USD/JPY Price Forecast: Bulls cautious below 159.50, 50% Fibo. caps upside on soft USD
The USD/JPY pair trades with a mild negative bias below mid-159.00s during the Asian session on Friday, though it remains close to a nearly two-week high touched the previous day.