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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.
United Kingdom GfK Consumer Confidence above forecasts (-16) in September: Actual (-13)
United Kingdom GfK Consumer Confidence above forecasts (-16) in September: Actual (-13)
Japanese Yen keeps sliding as Tokyo repeats its warning and holds fire
Finance Minister Katayama said on Thursday that the principles behind the joint US-Japan intervention of July 31 are still alive, and USD/JPY went on to touch 159.00, its highest since early September. The pair is trading just under 159.00, on track for a fifth straight gain.
Australian Dollar tests 200-day SMA amid soaring US yields
The Aussie Dollar fell for the third straight day, down 0.37% against the US Dollar, which remained boosted by elevated US yields, which jumped as Oil prices rose and as inflation pressures built. The AUD/USD trades at 0.7012, near the 200-day Simple Moving Average (SMA) of 0.7021.
Mexican Peso : Range view with downside risks against US Dollar – Rabobank
Rabobank’s USD/MXN analysis highlights recent moves driven by Oil-related Dollar strength and heavy speculative long-MXN positioning.
New Zealand Dollar grinds lower as US bond yields climb to new highs
The Reserve Bank of New Zealand (RBNZ) has its Official Cash Rate (OCR) at 2.75%, and markets now price at least a 75% chance that it goes to 3% on October 28, against about 30% right after the September 2 hike. NZD/USD is trading just above 0.5650, its lowest since late June.
Dow Jones Industrial Average falls a third day as bond yields climb
The 30-year Treasury yield touched 5.50% on Thursday, and two Fed officials gave bond buyers no reason to expect relief. New York Fed President Williams said another rate increase this year looks reasonable, and Philadelphia Fed President Paulson said rates may need to rise a little more.