West Texas Intermediate (WTI) gains ground for the second successive day, trading around $71.50 per barrel during the Asian hours on Friday.
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8166 compared to the previous day's fix of 6.8209 and 6.8015 Reuters estimate.
The USD/JPY pair extends its sideways consolidative price move during the Asian session on Friday and currently trades just below the 162.00 mark, near a four-decade high.
Japan Tokyo CPI ex Food, Energy (YoY) up to 1.9% in June from previous 1.6%
Australia National Australia Bank's Business Confidence (QoQ) dipped from previous -4 to -19 in 2Q
The UN's International Maritime Organization (IMO) paused the planned evacuation of more than 11,000 sailors stranded in the Strait of Hormuz after a Singapore-flagged ship passing through the waterway was attacked, BBC reported on Friday.
The EUR/USD pair loses ground to around 1.1365 during the early Asian trading hours on Friday. The major remains near a 13-month low as market expectations for US interest rate hikes have risen.
Japan Tokyo CPI ex Fresh Food (YoY) meets expectations (1.6%) in June
The headline Tokyo Consumer Price Index (CPI) for June rose 1.7% YoY as compared to 1.4% in the previous month, the Statistics Bureau of Japan showed on Friday.
Gold price (XAU/USD) declines to around $4,020 during the early Asian session on Friday. The precious metal extends the decline as traders have ramped up bets of a US rate hike. The Michigan Consumer Sentiment Index report is due later on Friday.
Japan Tokyo Consumer Price Index (YoY) increased to 1.7% in June from previous 1.4%
Sterling spent the back half of June proving that a hawkish central bank counts for little when the government is falling apart.
