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USD/JPY Price Forecast: Climbs back above mid-160.00s as BoJ rate decision looms
The USD/JPY pair is seen building on the previous day's late recovery from sub-158.00 levels, or the lowest since May 14, and gaining positive traction during the Asian session on Friday.
United States Dollar Index bounces off its lowest level since June 17, back above 100.00
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, gains some positive traction and climbs back above the 100.00 psychological mark during the Asian session on Friday.
China's NBS Manufacturing PMI falls to 49.2 in July, Non-Manufacturing PMI eases to 49.0
China’s Manufacturing Purchasing Managers' Index (PMI) fell to 49.2 in July, compared to 50.3 in the previous reading, China’s National Bureau of Statistics (NBS) reported on Friday. The reading came in below the market consensus of 50.0 in the reported month.Â
Australia Private Sector Credit (YoY): 8.5% (June) vs 8.2%
Australia Private Sector Credit (YoY): 8.5% (June) vs 8.2%
China NBS Manufacturing PMI registered at 49.2, below expectations (50) in July
China NBS Manufacturing PMI registered at 49.2, below expectations (50) in July
China NBS Non-Manufacturing PMI came in at 49 below forecasts (50) in July
China NBS Non-Manufacturing PMI came in at 49 below forecasts (50) in July
Australia Private Sector Credit (MoM) above expectations (0.6%) in June: Actual (0.8%)
Australia Private Sector Credit (MoM) above expectations (0.6%) in June: Actual (0.8%)
Australia Producer Price Index (YoY) up to 3.6% in 2Q from previous 3%
Australia Producer Price Index (YoY) up to 3.6% in 2Q from previous 3%
Australia Producer Price Index (QoQ) above forecasts (0.3%) in 2Q: Actual (1.3%)
Australia Producer Price Index (QoQ) above forecasts (0.3%) in 2Q: Actual (1.3%)
New Zealand Dollar holds losses following China PMI data
NZD/USD loses ground after three days of gains, trading around 0.5870 during the Asian hours on Friday. The pair remains subdued following the release of China's Purchasing Managers Index (PMI) data.
PBOC sets USD/CNY reference rate at 6.7894 vs. 6.7892 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7894 compared to the previous day's fix of 6.7892.
Euro softens to near 1.1500 as US-Iran war widensÂ
The EUR/ USD pair loses ground to near 1.1515 during the early Asian trading hours on Friday. The Euro (EUR) softens against the US Dollar (USD) amid risk-off sentiment and fears of wider war in the Middle East.
WTI holds losses around $82.50 on renewed US-Iran diplomatic hopes
West Texas Intermediate (WTI) oil price remains in the negative territory for the second successive day, trading around $82.60 per barrel during the Asian hours on Friday. Crude oil prices have lost ground following renewed hopes for a diplomatic solution to the US-Iran conflict.