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Euro struggles near 1.1600 vs USD as Fed hike bets and hawkish ECB clash ahead of US CPI
The EUR/USD pair remains under some selling pressure for the second straight day on Thursday, though it lacks follow-through and holds above the weekly low, which it touched the previous day.
Iran and Gulf states will meet to secure deal for Strait of Hormuz shipping — FT
Iran and Gulf states are set to hold a meeting aimed at securing buy-in for a temporary deal to manage shipping through the Strait of Hormuz, the Financial Times reported on Friday.
EUR/JPY Price Forecast: Softens to near 179.00, bearish bias remains intact below 100-day SMA
The EUR/JPY cross trades in negative territory around 179.10 during the early European session on Friday. The expectation of a Bank of Japan (BoJ) rate hike next week provides some support to the Japanese Yen (JPY) against the Euro (EUR).Â
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Friday, according to data compiled by FXStreet.
Asian Stocks decline as surging oil prices stoke inflation fears and lift Fed hike bets
Asian stocks declined sharply on Friday, tracking the overnight fall on Wall Street, as a surge in energy prices and a global bond selloff trigger the broader risk-off move.
Swiss Franc declines as US Dollar strengthens on rising Fed hike bets
USD/CHF gains ground for the third consecutive day, trading around 0.8140 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) gains ground as expectations grow for a Federal Reserve (Fed) rate hike in September.
Gold sticks to recovery gains near $4,450 as traders await US CPI for Fed rate cues
Gold (XAU/USD) clings to modest recovery gains around $4,450 through the first half of the European session, albeit it lacks bullish conviction as traders await the release of US consumer inflation figures.
United States Dollar Index holds onto gains above 99 ahead of US CPI data
The US Dollar (USD) clings to its Thursday gains in early session on Friday, driven by faster-than-expected growth in the United States (US) Producer Price Index (PPI) data for August.
Silver Price Forecast: XAG/USD slips below $63.50 amid rising Fed rate hike odds
Silver price (XAG/USD) extends its losses for the second successive day, trading around $63.30 per troy ounce during Asian hours on Friday. Silver prices are declining as expectations grow for a Federal Reserve (Fed) rate hike in September.
BoJ set to raise interest rates by 25 bps next week - Reuters
According to a Reuters report, sources say that the Bank of Japan (BoJ) is set to raise interest rates, most likely by 25 basis points, at the policy meeting on September 18. This move will push interest rates higher to 1.25%, a level not seen in the last 31 years.
Australian Dollar softens to near 0.7150, US CPI inflation data looms
The AUD/USD pair edges lower to around 0.7155 during the early Asian session on Friday. The US Dollar strengthens against the Australian Dollar (AUD) following signs of hotter inflation in the United States (US).
Japan’s Katayama says to maintain close communication with US on currency markets
Japanese Finance Minister (FM) Satsuki Katayama said on Friday that the government will ‌continue to closely communicate with the United States (US) to ensure orderly foreign exchange markets.
Canadian Dollar struggles as oil prices decline
USD/CAD extended its gains for the third consecutive day, trading around 1.3840 during the Asian hours on Friday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) struggles due to lower oil prices.