The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Friday at 6.8654 compared to the previous day's fix of 6.8649 and 6.8313 Reuters estimate.
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – trades with a mild positive bias during the Asian session on Friday, though it lacks bullish conviction amid hopes of Iran ceasefire stabilizing.
China Consumer Price Index (YoY) came in at 1%, below expectations (1.2%) in March
China Consumer Price Index (MoM) below forecasts (-0.2%) in March: Actual (-0.7%)
The EUR/USD pair trades in negative territory around 1.1690 during the early Asian session on Friday. The Euro (EUR) weakens against the US Dollar (USD) as traders remain cautious about whether a fragile two-week ceasefire between the United States and Iran would hold.
Japanese Prime Minister Sanae Takaichi said that the government is weighing a plan to release approximately 20 days' worth of additional oil reserves starting from early May onwards, Reuters reported on Friday.
Japan Producer Price Index (YoY) registered at 2.6% above expectations (2.4%) in March
Japan Producer Price Index (MoM) below expectations (0.9%) in March: Actual (0.8%)
Japan Bank Lending (YoY) came in at 4.8%, above expectations (4.4%) in March
US President Donald Trump accused Iran of doing a "very poor job" of handling oil through the Strait of Hormuz and is saying it was "not the agreement we have,” BBC reported late Thursday. Trump further stated that Iran "better not be" charging ships to pass through the key waterway.
Gold price (XAU/USD) trades with mild losses near $4,760 during the early Asian session on Friday. The precious metal declines as market uncertainty persists regarding the fragility of the US-Iran ceasefire and reports of continued Middle East conflict, including the closure of the Strait of Hormuz.
Colombia Consumer Price Index (YoY) came in at 5.56%, above expectations (5.47%) in March
