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United States Dollar Index weakens further amid correction in US bond yields
The US Dollar (USD) extends its decline against its major peers on Friday as United States (US) Treasury Yields correct after failing to extend the rally.
Silver Price Forecast: XAG/USD rises above $60.00 as inflation fears ease
Silver price (XAG/USD) gains ground after three days of losses, trading around $60.10 per troy ounce during Asian hours on Friday. Non-yielding Silver gains support as a decline in oil prices eases inflationary concerns and Fed rate hike expectations.
New Zealand Dollar strengthens above 0.5600 amid softer US Dollar, easing yields
The NZD/USD pair gains traction to near 0.5615 during the early Asian trading hours on Friday. The US Dollar (USD) weakens against the New Zealand Dollar (NZD) amid easing Treasury bond yields. Traders weigh lingering inflation concerns and the outlook for Federal Reserve (Fed) interest rates.
Canadian Dollar strengthens as risk-on mood weighs on US Dollar
USD/CAD extends its losses for the second successive day, trading around 1.4210 during Asian hours on Friday.
Japanese Yen struggles for firm direction as softer USD limits intraday slide
The USD/JPY pair struggles to capitalize on a modest Asian session uptick on Friday, now trading near the lower end of its daily range, below the 158.00 mark amid a broadly weaker US Dollar (USD).
British Pound edges higher to near 1.3250, renewed UK fiscal concerns in focus
The GBP/USD pair gathers strength to around 1.3240 during the early Asian trading hours on Friday. The US Dollar (USD) softens against the British Pound (GBP) following comments from Federal Reserve (Fed) Governor Christopher Waller.
Japan’s Katayama says DOGE Initiative to drive growth and fiscal sustainability under Takaichi
Japanese Finance Minister (FM) Satsuki Katayama said on Friday that the country's doge initiative is key for the Sanae Takaichi administration to pursue budget promoting growth while maintaining fiscal sustainability, Reuters reported.
Australian Dollar edges higher amid modest USD weakness; upside potential seem limited
The AUD/USD pair edges higher during the Asian session on Friday, looking to build on the overnight bounce from the lower boundary of the weekly range amid a softer US Dollar (USD). Spot prices, however, lack bullish conviction and currently trade above mid-0.6900s, up just over 0.10% for the day.
WTI slips below $90.50 as Trump signals no pre-election strike on Iran
West Texas Intermediate (WTI) oil price declines after posting nearly 2.5% gains in the previous day, trading around $90.30 per barrel during Asian hours on Friday.
PBOC sets USD/CNY reference rate at 6.7330 vs. 6.7367 previous
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Friday at 6.7330 compared to the previous day's fix of 6.7367 and 6.7973 Reuters estimate.
Euro holds gains above 1.1200 despite France's fiscal worries
The EUR/USD pair holds positive ground near 1.1215 during the early Asian trading hours on Friday. Nonetheless, the potential upside for the major pair might be limited amid fears of France’s debt crisis. The Michigan Consumer Sentiment Index data for October is due later on Friday.
US draws up new plan for 3 days of Iran strikes
US President Donald Trump has ordered plans to be drawn up for options of returning to fighting against Iran, even as he said earlier that strikes would not restart before the midterm elections on November 3, the New York Times reported on Thursday.
Japan Overall Household Spending (YoY) came in at -3.1%, above forecasts (-3.6%) in August
Japan Overall Household Spending (YoY) came in at -3.1%, above forecasts (-3.6%) in August