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
UN’s IMO pauses Strait of Hormuz evacuation plan after cargo ship attacked
The UN's International Maritime Organization (IMO) paused the planned evacuation of more than 11,000 sailors stranded in the Strait of Hormuz after a Singapore-flagged ship passing through the waterway was attacked, BBC reported on Friday.
Euro softens toward 13‑month low near 1.1350 as rising US PCE inflation lifts US Dollar
The EUR/USD pair loses ground to around 1.1365 during the early Asian trading hours on Friday. The major remains near a 13-month low as market expectations for US interest rate hikes have risen.
Japan Tokyo CPI ex Fresh Food (YoY) meets expectations (1.6%) in June
Japan Tokyo CPI ex Fresh Food (YoY) meets expectations (1.6%) in June
Japan’s Tokyo CPI inflation rises in June: What 1.7% means for Japanese Yen
The headline Tokyo Consumer Price Index (CPI) for June rose 1.7% YoY as compared to 1.4% in the previous month, the Statistics Bureau of Japan showed on Friday.
Gold declines below $4,050 as US PCE inflation supports Fed hike bets
Gold price (XAU/USD) declines to around $4,020 during the early Asian session on Friday. The precious metal extends the decline as traders have ramped up bets of a US rate hike. The Michigan Consumer Sentiment Index report is due later on Friday.
Japan Tokyo Consumer Price Index (YoY) increased to 1.7% in June from previous 1.4%
Japan Tokyo Consumer Price Index (YoY) increased to 1.7% in June from previous 1.4%
Pound Sterling buckles in a leadership vacuum
Sterling spent the back half of June proving that a hawkish central bank counts for little when the government is falling apart.
Mexican Peso rises as Banxico’s hawkish hold fuels Peso rally
The Mexican Peso posted gains of over 0.62% against the US Dollar on Thursday after the Banco de Mexico (Banxico) unanimously decided to hold interest rates unchanged at 6.50%. The USD/MXN trades at 17.49, after reaching a one-and-a-half-month peak at 17.67.
Crude Oil bounces on a Hormuz scare it doesn’t believe
West Texas Intermediate (WTI) spent Thursday doing its now-familiar trick of grabbing a geopolitical bid and then quietly handing most of it back.
Silver catches a bid, not a bottom
Silver (XAG/USD) enjoyed a rare green session on Thursday, and reading much into it would be a mistake. The metal bounced off a session low near 56.35, briefly spiking close to 59.00 just after the US data hit the wires, before fading back to around 58.00, up roughly 0.8% on the day.