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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.
Silver Price Forecast: XAG/USD rises to near $50.50 despite Fed rate hike bets
Silver price (XAG/USD) gains ground after posting modest losses in the previous day, trading around $50.50 per troy ounce during Asian hours on Friday.
New Zealand Dollar weakens below 0.5550, traders brace for US PPI data
The NZD/USD pair declines to near 0.5545 during the Asian trading hours on Friday. Growing bets of a larger Federal Reserve (Fed) rate hike in December provide some support to the US Dollar (USD) and act as a headwind for the pair.
United States Dollar: Supported into year-end before later softening – National Bank of Canada
National Bank of Canada strategists Stéfane Marion and Kyle Dahms note that the Dollar remains underpinned by persistent U.S. inflation and expectations of further Federal Reserve tightening.
United States: Growth and labour momentum support US Dollar – RBC Economics
RBC Economics notes that U.S. growth and labour-market momentum remain strong, with GDP forecasts revised higher to an average of 2.4% in 2026–2027 and unemployment expected near historical lows at 4.2%. Rising core inflation and producer-price data suggest building pressures, reinforcing expectations for further Fed tightening and a larger U.S. hiking cycle relative to Canada.
Canadian Dollar holds ground despite lower oil prices
USD/CAD moves little after two days of gains, trading around 1.4250 during Asian hours on Friday. However, the pair may appreciate as the US Dollar (USD) could receive support from persistent inflation concerns and expectations of higher interest rates.
Japanese Yen languishes near 160.00 intervention threshold as USD bulls retain control
The USD/JPY pair enters a bullish consolidation phase during the Asian session on Friday, trading near its highest level since early September, just below the 160.00 psychological mark.
Australian Dollar edges higher above 0.6800 ahead of US PPI release
The AUD/USD pair edges higher to around 0.6810 during the early Asian session on Friday. However, the potential upside for the pair might be limited amid a hawkish stance from the US Federal Reserve (Fed). The US October Producer Price Index (PPI) data will be published later on Friday.
Japan Katayama: Observing one-sided, swift forex shifts recently
Japanese Finance Minister (FM) Satsuki Katayama said on Friday that the officials are observing one-sided, swift foreign exchange shifts recently. Katayama added that the government will respond appropriately to currency volatility and will engage with US treasury, respond suitably.Â
British Pound consolidates near multi-week low, below mid-1.3200s vs bullish USD
The GBP/USD pair is seen consolidating around the 1.3230 region during the Asian session on Friday, trading near its lowest level in more than four weeks amid a bullish US Dollar (USD).
PBOC sets USD/CNY reference rate at 6.7152 vs. 6.7174 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7152 compared to the previous day's fix of 6.7174 and 6.6756 Reuters estimate.
Euro Falls as US Dollar gains on inflation concerns, Fed rate hike bets
EUR/USD extends its losses for the fourth successive day, trading around 1.1050 during Asian hours on Friday. The pair depreciates as the US Dollar (USD) gains ground amid persistent US inflation concerns and expectations of higher interest rates.