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United States Dollar Index approaches 101.80 as bond yields keep rallying
The US Dollar continues to outperform its peers as United States (US) Treasury Yields keep rallying due to firm expectations of more interest rate hikes by the Federal Reserve (Fed) in the near term.
Silver Price Forecast: XAG/USD remains steady near $64.00 as oil prices ease
Silver price (XAG/USD) inches higher after two days of losses, trading around $63.90 per troy ounce during Asian hours on Friday. Non-yielding Silver is finding underlying support as inflation concerns ease following a pullback in crude oil prices.
Japanese Yen recovers from three-week low vs USD amid looming intervention risk
The USD/JPY pair drifts lower during the Asian session on Friday, stalling its recent strong move up to a three-week high, near the 159.00 mark, touched the previous day.
Australian Dollar flatlines near 0.7000 as traders assess Trump-Xi summit
The AUD/USD pair holds steady around 0.7010 during the early Asian trading hours on Friday. Traders continue to assess the developments surrounding the US President Donald Trump and Chinese President Xi Jinping summit at the White House.
Japan’s Katayama says BoJ's latest rate hike was done to achieve inflation target
Japanese Finance Minister (FM) Satsuki Katayama said on Friday that the latest rate hike from the Bank of Japan (BoJ) was done to achieve the inflation target. Katayama added that she expects the central bank to conduct appropriate monetary policy while coordinating with the government.
Canadian Dollar weakens amid falling oil prices, stronger US Dollar
USD/CAD extends its gains for the fifth consecutive day, trading around 1.4140 during Asian hours on Friday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) faces downward pressure from falling crude oil prices.
British Pound consolidates above 1.3200, its lowest since late June against a bullish USD
The GBP/USD pair edges higher during the Asian session on Friday, trading above its lowest level since June 29, around the 1.3200 neighborhood, touched the previous day.
Euro posts modest lossess on rising Fed hike odds, Middle East tensions
The EUR/USD pair trades with mild losses near 1.1375 during the early Asian trading hours on Friday. The US Dollar (USD) strengthens against the Euro (EUR) amid hawkish signals from the Federal Reserve (Fed) officials and a lack of progress between the US-Iran talks.
WTI drops to near $92.50 on potential US-Iran deal
West Texas Intermediate (WTI) oil price declines after two days of gains, trading around $92.60 per barrel during Asian hours on Friday.
China's President Xi says Beijing and US should seek new ways for major countries to coexist
Chinese President Xi Jinping stated during his visit to Washington that Beijing and Washington must find a proper way to coexist peacefully and act as partners rather than rivals, the Financial Times reported on Thursday.
Saudi Civil Defence issues warning over possible threat in Jazan
Yemen's Houthi claimed on Thursday that it launched dozens of ballistic missiles and drones at Saudi military installations in the kingdom's southwestern Jazan region, the Saudi-led coalition in Yemen said were aimed at Taif in western Saudi Arabia and the Yanbu area on the Red Sea.
Iran’s President says US ‘must choose’ whether to end war
Iranian President Masoud Pezeshkian said that it is for the United States (US) to decide whether to end its war against the Islamic Republic, as Tehran does not wish to continue fighting, Fox News reported on Thursday.
Gold declines below $4,300 as rising oil prices and hawkish Fed stance dampen appeal
Gold price (XAU/USD) declines to near $4,275 during the early Asian session on Friday.