AUD/JPY Price Forecast: Extends bearish spell below 111.50 as downside bias persists
The AUD/JPY cross trades in negative territory around 111.25 during the early European trading hours on Friday.
New Zealand Dollar weakens below 0.5650 as Fed hike bets grow
The NZD/USD pair trades in negative territory for the eighth consecutive day near 0.5635 during the Asian trading hours on Friday.
Asian stock markets plummet as Apple price hike raises inflation concerns, KOSPI dives over 8%
Asian equity markets on Friday are significantly down as price hikes announced by Apple Inc. due to memory chip shortages have prompted fears of high inflation globally and concerns on earning projections of various companies that rely on these sophisticated chips for their final products.
Australian Dollar edges lower to near 0.6900 on Fed hike bets
The AUD/USD pair edges lower to around 0.6900 during the Asian trading hours on Friday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) on the expectation of US rate hikes later this year.
Canadian Dollar gains ground as oil prices rise
USD/CAD loses ground for the second consecutive day, trading around 1.4200 during the Asian hours on Friday. The pair depreciates as the commodity-linked Canadian Dollar (CAD) receives support from higher oil prices.
British Pound bulls seem hesitant as Hormuz ship attack supports safe-haven USD
The GBP/USD pair sticks to a positive bias for the second straight day, albeit it remains below the previous day's swing high and trades just below the 1.3200 mark during the Asian session on Friday.
United States Dollar Index advances on Fed rate hike bets
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, pares its recent losses from the previous day and is trading around 101.50 during the Asian hours on Friday.
WTI holds gains near $71.50 after cargo vessel hits near Oman
West Texas Intermediate (WTI) gains ground for the second successive day, trading around $71.50 per barrel during the Asian hours on Friday.
PBOC sets USD/CNY reference rate at 6.8166 vs. 6.8209 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8166 compared to the previous day's fix of 6.8209 and 6.8015 Reuters estimate.
Japanese Yen consolidates near 40-year low vs USD after Tokyo CPI, amid intervention risks
The USD/JPY pair extends its sideways consolidative price move during the Asian session on Friday and currently trades just below the 162.00 mark, near a four-decade high.
Japan Tokyo CPI ex Food, Energy (YoY) up to 1.9% in June from previous 1.6%
Japan Tokyo CPI ex Food, Energy (YoY) up to 1.9% in June from previous 1.6%
Australia National Australia Bank’s Business Confidence (QoQ) dipped from previous -4 to -19 in 2Q
Australia National Australia Bank's Business Confidence (QoQ) dipped from previous -4 to -19 in 2Q