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Australian Dollar declines despite RBA rate hike warning
AUD/USD edges lower for the third successive day, trading around 0.7060 during the Asian hours on Friday. Reserve Bank of Australia (RBA) Assistant Governor Chris Kent stated on Thursday that recent interest rate hikes are producing their intended effect.
New Zealand Dollar recovers from two-week low as fading Fed hike bets undermine USD
The NZD/USD pair is seen building on the previous day's bounce from the 0.5820 region, or a two-week low, and gaining some positive traction during the Asian session on Friday. Spot prices climbed back above 0.5850 in the last hour and, for now, seem to have snapped a four-day losing streak.
PBOC sets USD/CNY reference rate at 6.7878 vs. 6.7888 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7878 compared to the previous day's fix of 6.7888.
WTI remains below $80.50 as traders monitor diplomatic efforts to reopen Hormuz
West Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $80.30 per barrel during the Asian hours on Friday. Crude oil prices edge lower as investors adopt a wait-and-see approach, closely monitoring diplomatic attempts to reopen the Strait of Hormuz.
Euro gathers strength above 1.1500 as cooling inflation data weighs on US Dollar
The EUR/USD pair gains ground to near 1.1535 during the early Asian session on Friday. The US Dollar (USD) softens against the Euro (EUR) following a softer-than-expected US inflation report. The US July Retail Sales data will take center stage later on Friday.Â
Japan Foreign Investment in Japan Stocks dipped from previous ¥392.5B to ¥-368.5B in August 7
Japan Foreign Investment in Japan Stocks dipped from previous ¥392.5B to ¥-368.5B in August 7
Japan Foreign Bond Investment climbed from previous ¥477.9B to ¥1629.4B in August 7
Japan Foreign Bond Investment climbed from previous ¥477.9B to ¥1629.4B in August 7
US Treasury Secretary Bessent: We will implement unprecedented measures on Iran
US Treasury Secretary Scott Bessent ‌said that Washington is going to apply measures that have "never been seen" on Iran, Reuters reported on Thursday.Â
Gold drifts higher above $4,350 as softer US PPI data reduces September Fed hike bets
Gold price (XAU/USD) holds positive ground near $4,360 during the early Asian session on Friday. The precious metal gains momentum following US inflation data. Traders will take more cues from the US July Retail Sales report, which is due later on Friday.Â
GBP/JPY Price Forecast: Steadies above 215.00 capped by 50-day SMA
The GBP/JPY remains directionless on Thursday as traders turn cautious about opening fresh directional bets amid intervention fears in the FX markets, which could strengthen the Yen, and after solid UK data. The cross-pair sits at around 215.00, down 0.02%.
New Zealand Business NZ PMI declined to 54.3 in July from previous 59.7
New Zealand Business NZ PMI declined to 54.3 in July from previous 59.7
Australian Dollar holds near 0.7060 as eyes shift to RBA’s Bullock
The Aussie Dollar holds steady at around 0.7061 after US inflation data weighed on the Greenback, which recovered some ground to finish Thursday’s session almost flat. The AUD/USD registers modest losses of 0.01%
New Zealand Visitor Arrivals (YoY) rose from previous 6.7%Â to 8.1% in June
New Zealand Visitor Arrivals (YoY) rose from previous 6.7%Â to 8.1% in June