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Indonesian Rupiah advances as US Dollar struggles despite increasing risk aversion
USD/IDR depreciates after registering over 0.5% gains in the previous day, trading around 18,020 during the Asian hours on Friday. However, the pair may see upward momentum following Bank Indonesia's (BI) unexpected decision to hold its benchmark interest rate steady at 5.75% in July.
AUD/USD Price Forecast: Surging US bond yields warrant downside
The Australian Dollar (AUD) trades marginally higher at around 0.6976 against the US Dollar (USD) during the European trading session on Friday.
Euro: Weakens despite ECB rate hike signals against US Dollar – UOB
UOB Global Economics & Markets Research reports that EUR/USD slipped 0.3% to 1.1377 as the Euro (EUR) weakened against the US Dollar (USD) despite the European Central Bank (ECB) leaving rates unchanged and President Lagarde acknowledging some calls for a hike.
United Kingdom Retail Sales climb 1.0% MoM in June vs. -0.3% expected
Retail Sales, a key measure of consumer spending, in the United Kingdom (UK)Â climbed 1.0% month-over-month (MoM) in June after rising by 1.2% in May, the latest data published by the Office for National Statistics (ONS) showed on Friday.
Sweden Producer Price Index (YoY) climbed from previous 6.6% to 7.4% in June
Sweden Producer Price Index (YoY) climbed from previous 6.6% to 7.4% in June
Germany GfK Consumer Confidence Survey came in at -29.6 below forecasts (-28.5) in August
Germany GfK Consumer Confidence Survey came in at -29.6 below forecasts (-28.5) in August
Asian stocks decline on Trump's tariffs, US-Iran tension; South Korea's KOSPI underperform
Asian stock markets fell across the board on Friday as intensifying US-Iran conflict and US President Donald Trump's new tariffs temper investors' appetite for riskier assets. Japan’s Nikkei N225 is down nearly 3% while South Korea's KOSPI declined over 4.5%, underperforming broader markets.
ECB’s Nagel: Central bank is in a good position to respond to surging energy prices
European Central Bank (ECB) Governing Council Member and President of the Deutsche Bundesbank, Joachim Nagel, said on Friday that the central bank is in a good position to respond to surging energy prices.
Euro gains traction above 1.1350 as markets price in upcoming ECB rate hike
The EUR/USD pair gathers strength to near 1.1385 during the early European trading hours on Friday, bolstered by the prospect of imminent European Central Bank (ECB) rate hikes.
Swiss Franc remains weaker as US Dollar receives support amid US-Iran tensions
USD/CHF continues its winning streak for the fifth successive day, trading around 0.8170 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) pares its daily losses amid rising safe-haven demand due to escalating conflicts in the Middle East.
New Zealand Dollar trades with positive bias but lacks follow-through amid bullish USD
The NZD/USD pair attracts some buyers during the Asian session on Friday and moves away from a one-and-a-half-week trough, around the 0.5760 region touched the previous day.
AUD/JPY Price Forecast: Holds gains above 114.00, bullish vibe remains intact above 100-day SMA
The AUD/JPY cross trades in positive territory around 114.25 during the early European trading hours on Friday. The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY) on a strong Australian employment report for June.Â
EUR/JPY Price Forecast: Eyes rising wedge top near 187.00
EUR/JPY extends its gains for the fourth consecutive day, trading around 186.50 during the Asian hours on Friday. The currency cross is maintaining a bullish near-term bias as price holds above both the nine-period and 50-period Exponential Moving Averages (EMAs).