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China Trade Balance CNY registered at 767B above expectations (740B) in July
China Trade Balance CNY registered at 767B above expectations (740B) in July
United States Dollar Index holds steady near 100.00 as bulls await US NFP amid Iran risks
The United States Dollar Index (DXY), which tracks the Greenback against a basket of currencies, consolidates during the Asian session on Friday as traders keenly await the release of the closely-watched US monthly jobs data.
Australian Dollar bulls remains on the sidelines as Iran risks support USD ahead of US NFP
The AUD/USD pair steadies around the 0.7030-0.7025 region during the Asian session on Friday as traders opt to wait for the release of the closely watched US monthly employment details before placing fresh directional bets.
Euro weakens against US Dollar amid Middle East tensions
EUR/USD extends its losses for the second consecutive day, trading around 1.1520 during the Asian hours on Friday. The currency pair faces downward pressure as the US Dollar (USD) gains strength, propelled by renewed safe-haven demand among global investors.
Gold looks to build on momentum beyond $4,300 as traders await US NFP amid Fed hike bets
Gold (XAU/USD) touches a fresh daily high during the first half of the European session on Friday, with bulls making a fresh attempt to build on the momentum further beyond the $4,300 mark.
Canadian Dollar weakens as safe-haven demand supports US Dollar
USD/CAD extends its gains for the second successive day, trading around 1.4020 during the Asian hours on Friday. The pair continues to gain ground as the US Dollar (USD) benefits from revived safe-haven demand.
PBOC sets USD/CNY reference rate at 6.7904 vs. 6.7895 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7904 compared to the previous day's fix of 6.7895 and 6.7548 Reuters estimate.
Japanese Yen hangs near weekly low after weak spending data as USD bulls await US NFP
The USD/JPY pair is seen consolidating this week's solid recovery gains from the 155.25-155.20 region, the lowest since May, touched in the aftermath of a joint US-Japan intervention, and holds steady near the weekly top.
WTI holds firm near $77.50 as escalating Middle East tensions threaten oil supply routes
West Texas Intermediate (WTI) oil price remains steady after registering modest gains in the previous day, trading around $77.50 per barrel during the Asian hours on Friday.
Japan JP Foreign Reserves dipped from previous $1287.5BÂ to $1287.1B in July
Japan JP Foreign Reserves dipped from previous $1287.5BÂ to $1287.1B in July
Chinese Yuan: Bullish tone with upside tests against US Dollar – UOB
United Overseas Bank (UOB) analysts Quek Ser Leang and Lee Sue Ann note that USD/CNH is trading with a soft underlying tone, with scope for the Dollar to test support levels near 6.7420 in the short term, while a sustained break lower is seen as unlikely.
Japan Overall Household Spending (YoY) came in at -3.3%, below expectations (1%) in June
Japan Overall Household Spending (YoY) came in at -3.3%, below expectations (1%) in June
South Korean Won: Stable Fed and AI demand support KRW against US Dollar – ING
ING economists Deepali Bhargava and Lynn Song highlight a sharp 8% drop in USD/KRW earlier in the second quarter, driven by temporary flows such as Hynix ADR repatriation and National Pension Service hedging adjustments, alongside a hawkish Bank of Korea (BoK) hike.