EUR/JPY Price Forecast: Slips below 184.00 due to bearish near-term bias
EUR/JPY inches lower after registering minor gains in the previous day, trading around 183.90 during the Asian hours on Friday.
Singapore Industrial Production (MoM) came in at -0.7% below forecasts (2%) in May
Singapore Industrial Production (MoM) came in at -0.7% below forecasts (2%) in May
Swiss Franc declines as Fed hike bets lift US Dollar
USD/CHF gains ground after registering nearly 0.30%, trading around 0.8100 during the Asian hours on Friday. The pair rises as the US Dollar (USD) finds support from growing expectations of a Federal Reserve (Fed) rate hike.
EUR/USD Price Forecast: Holds above mid-1.1300s amid Hormuz risks, bearish setup
The EUR/USD pair struggles to capitalize on the previous day's modest recovery gains and oscillates in a narrow band during the Asian session on Friday. Spot prices, however, hold above mid-1.1300s and the lowest level since May 2025, set on Thursday, warranting some caution for bearish traders.
Indonesian Rupiah holds losses as US Dollar receives support from Fed hike bets
USD/IDR inches lower after opening at a bullish gap, remaining in the positive territory and trading around 18,000 during the Asian hours on Friday. The pair holds gains as the US Dollar (USD) finds support from growing expectations of a Federal Reserve (Fed) rate hike.
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.