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Gold recovers intraday losses as reduced Fed hike bets offset geopolitics and weigh on USD
Gold (XAU/USD) finds decent support ahead of the $4,300 mark and recovers a major part of its intraday losses during the first half of the European session on Friday.
Silver Price Forecast: XAG/USD extends correction as energy supply concerns remain intact
Silver price (XAG/USD) is down 1% to near $63.80 during the Asian trading session on Friday.
Swiss Franc strengthens as softer US inflation pressures US Dollar
USD/CHF halts its four-day winning streak, trading around 0.8140 during the Asian hours on Friday. The currency pair edges lower as the US Dollar (USD) faces downward pressure following a softer-than-expected US inflation report.
South Korea Money Supply Growth: 9.4% (June) vs 9.2%
South Korea Money Supply Growth: 9.4% (June) vs 9.2%
United States Dollar Index softens below 100.00 as softer PPI dampens Fed hike odds
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.90 in the Asian trading hours on Friday. The DXY weakens following cooler US inflation data.
Canadian Dollar strengthens despite subdued oil prices
USD/CAD loses ground for the second successive day, trading around 1.3920 during the Asian hours on Friday. The pair depreciates as the US Dollar (USD) declines following a softer-than-expected US inflation report.
Latvia issues air threat alert, Finland restricts air and sea traffic
Latvian officials announced the activation of an air threat alert in the southeastern part of the country, near the border with Russia and Belarus, Reuters reported on Friday.
British Pound edges higher vs softer USD; lacks follow-through as geopolitics cap gains
The GBP/USD pair attracts some dip-buyers during the Asian session on Friday and, for now, seems to have snapped a two-day losing streak to the weekly low, which it touched the previous day.
Australia Investment Lending for Homes dipped from previous -3%Â to -10.2% in 2Q
Australia Investment Lending for Homes dipped from previous -3%Â to -10.2% in 2Q
Australia Home Loans climbed from previous -4.3% to -1.9% in 2Q
Australia Home Loans climbed from previous -4.3% to -1.9% in 2Q
Japanese Yen strengthens as soft US PPI tempers Fed outlook
The USD/JPY pair loses traction to near 159.45 during the Asian trading hours on Friday. Softer US inflation reports and fears of currency intervention weigh on the US Dollar (USD) against the Japanese Yen (JPY).
Australian Dollar declines despite RBA rate hike warning
AUD/USD edges lower for the third successive day, trading around 0.7060 during the Asian hours on Friday. Reserve Bank of Australia (RBA) Assistant Governor Chris Kent stated on Thursday that recent interest rate hikes are producing their intended effect.
New Zealand Dollar recovers from two-week low as fading Fed hike bets undermine USD
The NZD/USD pair is seen building on the previous day's bounce from the 0.5820 region, or a two-week low, and gaining some positive traction during the Asian session on Friday. Spot prices climbed back above 0.5850 in the last hour and, for now, seem to have snapped a four-day losing streak.