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US Treasury yields rise as Oil strength offsets weak Retail Sales
US Treasury yields advanced on Friday during the North American session after reversing their course following the release of US Retail Sales data, which disappointed investors. Meanwhile, the lack of news from the Middle East kept Oill prices higher, amid fears of a resumption of hostilities.
Mexican Peso refreshes multi-month highs, Banxico minutes eyed
USD/MXN refreshed 24-month lows below 17.00 on Friday, but it has recovered some ground, with buyers stepping in and reclaiming the 17.00 level. Data from the United States (US) weighed on the Greenback, as consumer sentiment and Retail Sales deteriorated.
Chinese Yuan: Steady appreciation backed by PBoC stance – Societe Generale
Societe Generale analysts highlight CNY’s firm trend, with the currency advancing to 6.7424, its strongest level since February 2023, on Dollar weakness and lower US yields.
Forecasting the upcoming week: FOMC Minutes take center stage next week
The US Dollar Index (DXY) extended its slide on Friday, holding below 100.00 at fresh lows after a fourth straight soft US data print.
South Korean Won: Foreign inflows and exporters support KRW – Commerzbank
Commerzbank notes that the Kospi has rebounded 29.5% from its 30 July low, supported by strong tech earnings and improved sentiment toward semiconductor and memory chipmakers.
Japan CFTC JPY NC Net Positions climbed from previous ¥-45.5K to ¥-42.1K
Japan CFTC JPY NC Net Positions climbed from previous ¥-45.5K to ¥-42.1K
United States CFTC Gold NC Net Positions up to $217.9K from previous $197.6K
United States CFTC Gold NC Net Positions up to $217.9K from previous $197.6K
United Kingdom CFTC GBP NC Net Positions increased to £-56.2K from previous £-57.8K
United Kingdom CFTC GBP NC Net Positions increased to £-56.2K from previous £-57.8K
United States CFTC Oil NC Net Positions declined to 99.2K from previous 112.4K
United States CFTC Oil NC Net Positions declined to 99.2K from previous 112.4K
United States CFTC S&P 500 NC Net Positions: $11.3K vs $-27.3K
United States CFTC S&P 500 NC Net Positions: $11.3K vs $-27.3K
Eurozone CFTC EUR NC Net Positions dipped from previous €-58.1K to €-60K
Eurozone CFTC EUR NC Net Positions dipped from previous €-58.1K to €-60K
Australia CFTC AUD NC Net Positions down to $-39.2K from previous $-33.2K
Australia CFTC AUD NC Net Positions down to $-39.2K from previous $-33.2K
EUR/USD Price Forecast: 100-Day SMA blocks bullish reversal
The EUR/USD pair registers gains of over 0.32% on Friday as traders face key resistance at the 100-day Simple Moving Average (SMA) at 1.1567, as bulls eye the 1.1600 psychological figure. At the time of writing, the pair trades at 1.1564 after bouncing off daily lows of 1.1526.