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Gold weakens below $4,100 as inflation fears lift Fed hike bets and support USD
Gold (XAU/USD) attracts some sellers during the first half of the European session on Thursday and slides below the $4,100 mark, retreating further from an over two-week high touched the previous day.
United States Dollar Index holds losses around 101.00 despite increasing risk aversion
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is losing ground for the second consecutive day, trading around 101.00 during the Asian session on Thursday.
Swiss Franc snaps three-day losing streak against US Dollar, outlook remains fragile
The Swiss Franc (CHF) gains ground against the US Dollar (USD) after a three-day losing streak on Thursday. The USD/CHF pair corrects to near 0.8136 after struggling to extend the advance beyond the yearly high at around 0.8152.
Euro advances ahead of ECB policy decision
EUR/USD extends its gains for the second consecutive day, trading around 1.1410 during the Asian hours on Thursday. The pair gains ground as the Euro (EUR) finds solid support ahead of the European Central Bank's (ECB) upcoming interest rate decision.
British Pound nudges higher above 1.3350 despite Middle East turmoil
The GBP/USD pair rebounds to near 1.3385 during the Asian trading hours on Thursday. However, the potential upside for the major pair might be limited amid cooler-than-expected UK inflation data and escalating tensions in the Middle East.
Silver Price Forecast: XAG/USD bulls have the upper hand above $59.00 confluence
Silver (XAG/USD) attracts fresh buyers near the $58.25-$58.20 zone during the Asian session on Thursday, stalling the previous day's modest pullback from the $61.00 neighborhood, or an over two-week high.
Australian Dollar gathers strength above 0.7000 on resilient labor data
The AUD/USD pair holds positive ground near 0.7010 during the Asian trading hours on Thursday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) following Australia’s employment data. Traders will closely monitor the developments surrounding the Middle East conflict.
Australian Dollar hits one-week top vs New Zealand Dollar on upbeat Aussie jobs data
The AUD/NZD cross attracts fresh buyers following the release of the monthly Australian jobs report and climbs to a one-and-a-half-week high, around the 1.2060-1.2065 region, during the Asian session on Thursday.
Australian Dollar gains against Japanese Yen following employment data
AUD/JPY gains ground after recovering daily losses, trading around 114.30 during the Asian hour on Thursday. The currency cross receives support as the Australian Dollar (AUD) gains ground following the release of improved Australian employment data.
Japan’s Katayama: Ready to take decisive action on foreign exchange as needed
Japanese Finance Minister Satsuki Katayama reiterated on Thursday that his government was “ready to take decisive action on foreign exchange as needed.”
Australia Part-Time Employment: 47K (June) vs 35.2K
Australia Part-Time Employment: 47K (June) vs 35.2K
Australia Employment Change s.a. came in at 76.3K, above expectations (15K) in June
Australia Employment Change s.a. came in at 76.3K, above expectations (15K) in June
Australia Participation Rate above expectations (66.7%) in June: Actual (67%)
Australia Participation Rate above expectations (66.7%) in June: Actual (67%)