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Swiss Franc remains weaker amid Fed-SNB interest rate differential
USD/CHF continues its winning streak for the fourth consecutive day, trading around 0.8360 during Asian hours on Friday. The pair rises amid rising expectations of another Fed rate hike, which would further widen the interest rate differential between the United States (US) and Switzerland.
Silver Price Forecast: XAG/USD falls back below $50 amid mayhem in US bond markets
Silver price (XAG/USD) gives up its slight early gains and falls back below $50.00 during the European trading session on Friday.
USD/CAD Price Forecast: Tests rising wedge bottom around 1.4250
USD/CAD remains stronger for the fourth successive day, trading around 1.4260 during Asian hours on Friday. The technical analysis of a daily chart shows the pair is remaining within the rising wedge pattern that signals a bearish price breakdown and a potential shift to the downside.
British Pound extends losing streak against US Dollar, US PPI in focus
The British Pound (GBP) extends its losing streak against the US Dollar (USD) for the fourth trading day on Friday. The GBP/USD pair drops to near 1.3227 as the US Dollar continues to outperform on prospects that the Federal Reserve (Fed) will speed up its monetary tightening cycle.
EUR/USD Price Forecast: Posts mild gains above 1.1050, while staying capped below 100-day SMA
The EUR/USD pair trades with mild gains near 1.1060 during the early European trading hours on Friday. Nonetheless, the potential upside for the major pair might be limited amid a cautious stance from the European Central Bank (ECB).
Indonesian Rupiah gains on easing political uncertainty despite MSCI outflow risks
USD/IDR pulls back after reaching a record high of 18,285 in the previous day, trading around 18,220 during Asian hours on Friday.
WTI Price Forecast: Bears have the upper hand below 23.6% Fibo. and 200-hour SMA
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – edges lower during the Asian session on Friday, though it lacks follow-through as traders await further developments surrounding the Middle East crisis.
Japan’s Takaichi says in close contact with US financial authorities on currency market
Japanese Prime Minister Sanae Takaichi said on Friday that the government is in close contact with US financial authorities on the currency market. She further stated that the officials will strive to preserve an orderly foreign exchange market.Â
EUR/JPY Price Forecast: Strengthens above 176.50, yet maintains bearish bias below 100-day SMA
The EUR/JPY cross trades in positive territory around 176.85 during the early European session on Friday. Traders remain on high alert for currency intervention from Japanese authorities to prop up the Japanese Yen (JPY).
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Friday, according to data compiled by FXStreet.
US Dollar Index (DXY) sits near April 2025 highs, above 10.300 on Fed bets and Iran risks
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, enters a bullish consolidation phase on Friday as bulls pause for a breather following a strong three-day rally to the highest level since April 2025, touched the previous day.
Iran's IRGC says it targeted and destroyed a US early-warning radar in Bahrain
Iran’s Islamic Revolutionary Guard Corps (IRGC) said on Friday that it had struck and destroyed a US military early-warning radar system in Bahrain, Reuters reported.
Asian stocks post mixed results amid Nvidia leadership turmoil, Anthropic IPO buzz
Asian stocks post mixed results on Friday, with Japan’s Nikkei 225 Index climbing 0.91% to around 61,370 and China’s Shanghai Composite rising 0.22% to 3,660. Conversely, Hong Kong’s Hang Seng Index fell 0.82% to 23,810, while South Korea’s KOSPI declined 0.49% to near 5,320.