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New Zealand Dollar recovers from six-week low vs USD; upside seems capped ahead of US CPI
The NZD/USD pair gains some positive traction during the Asian session on Friday, reversing a part of the previous day's heavy losses to sub-0.5800 levels, or the lowest since late July.
British Pound holds steady above 1.3500 ahead of US CPI inflation release
The GBP/USD pair trades on a flat note near 1.3510 during the early Asian session on Friday. Traders prefer to wait on the sidelines ahead of the key US August Consumer Price Index (CPI) inflation report later on Friday.Â
Japanese Yen edges higher as PPI reaffirms BoJ rate hike bets and USD bulls await US CPI
The USD/JPY pair struggles to capitalize on the previous day's recovery momentum and edges lower during the Asian session on Friday.
WTI trades near $99.00 after pulling back from nearly four-month highs
West Texas Intermediate (WTI) halts its four-day winning streak, trading around $99.00 per barrel during Asian hours on Friday. However, crude oil prices may rebound as the escalating conflict between the US and Iran has fueled concerns over prolonged disruptions to global energy supplies.
PBOC sets USD/CNY reference rate at 6.7743 vs. 6.7766 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7743 compared to the previous day's fix of 6.7766 and 6.7174 Reuters estimate.
Euro flatlines above 1.1600 despite ECB hawkish hike, traders brace for US CPI data
The EUR/USD pair holds steady around 1.1610 during the early Asian session on Friday. Traders continue to assess a hawkish hike from the European Central Bank (ECB).
Japan BSI Large Manufacturing Conditions Index (QoQ) above forecasts (2.5) in 3Q: Actual (7.6)
Japan BSI Large Manufacturing Conditions Index (QoQ) above forecasts (2.5) in 3Q: Actual (7.6)
Japan Producer Price Index (YoY) registered at 7.6% above expectations (7.4%) in August
Japan Producer Price Index (YoY) registered at 7.6% above expectations (7.4%) in August
Japan Producer Price Index (MoM) below forecasts (0%) in August: Actual (-0.2%)
Japan Producer Price Index (MoM) below forecasts (0%) in August: Actual (-0.2%)
Australian Dollar slides as US yields jump before pivotal CPI
The Australian Dollar ended Thursday’s session with a 0.80% loss against the US Dollar after US producer inflation exceeded estimates, triggering pricing for a more hawkish Federal Reserve. The AUD/USD trades at 0.7159 after reaching a peak of 0.7223.
Gold falls below $4,350 as rising oil prices, US PPI reinforces Fed hike bets
Gold price (XAU/USD) tumbles to near $4,320 during the early Asian session on Friday. The precious metal faces some selling pressure after the US Producer Price Index (PPI) inflation data and rising oil prices increased bets for a Federal Reserve (Fed) rate hike.
AUD/JPY Price Forecast: Yen strength keeps 110.00 in sight
The Australian Dollar weakens versus the Japanese Yen as risk-appetite shifted sour due to the escalation of the US-Iran conflict, which has broadened to a fight between Yemen’s Houthis vs Saudi Arabia, who fight for control of the Red Sea. The AUD/JPY exchange rate is 110.53, down 0.27%.
New Zealand Business NZ PMI fell from previous 54.3 to 53.1 in August
New Zealand Business NZ PMI fell from previous 54.3 to 53.1 in August