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USD/CAD stays above 1.4000 near six-month highs as Oil prices drop
USD/CAD moves little after reaching a six-month high of 1.4033 in the previous session, trading around 1.4020 during the Asian hours on Friday. The pair gained around 0.5% on Thursday as the commodity-linked Canadian Dollar (CAD) faced challenges amid lower crude Oil prices.
Silver Price Forecast: XAG/USD climbs above $49.50 amid uncertainty, Fed rate cut bets
Silver price (XAG/USD) climbs to around $49.70 during the Asian trading hours on Friday. The white metal holds positive ground after reaching the highest price in four decades, bolstered by safe haven flows, strong industrial demand, and expectations of the US interest rate cut.
Japan’s Kato says recently seen one-sided, rapid moves
Japanese Finance Minister Katsunobu Kato said on Friday that he recently sees one-sided and rapid moves in the foreign exchange, adding that it’s important for currencies to move in a stable manner reflecting fundamentals.
Fed’s Daly: Inflation has come in much less than had feared
Federal Reserve (Fed) Bank of San Francisco President Mary Daly said on Friday that inflation has come in much less than she had feared. Daly further stated that the US central bank is projecting additional cuts in risk management.
Japan's Akazawa says US-Japan trade deal implemented smoothly
Japan’s top tariff negotiator Ryosei Akazawa and US Commerce Secretary Howard Lutnick reaffirmed on Friday that the United States (US) and Japan trade agreement will serve to further strengthen the two nations’ strategic and economic ties, Bloomberg reported on Friday.
NZD/USD recovers to near 0.5750 as US government shutdown continues
The NZD/USD pair recovers some lost ground near 0.5750, snapping the three-day losing streak during the early Asian trading hours on Friday. Ongoing US government shutdown undermines the US Dollar (USD) against the New Zealand Dollar (NZD).
PBOC sets USD/CNY reference rate at 7.1048 vs. 7.1102 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1048 compared to the previous day's fix of 7.1102 and 7.1329 Reuters estimate.
US Treasury Sec. Bessent says he expects a rebalancing soon, where India buys less Russian oil
US Treasury Secretary Scott Bessent said on Friday that we are going to see rebalancing where India buys less Russian oil soon.
WTI declines below $61.50 on cooling Middle East tensions
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.20 during the early Asian trading hours on Friday. The WTI loses traction amid easing geopolitical tensions in the Middle East. Traders will closely monitor how long the US federal government shutdown will last.
Japan Producer Price Index (MoM) registered at 0.3% above expectations (0.1%) in September
Japan Producer Price Index (MoM) registered at 0.3% above expectations (0.1%) in September
Japan Producer Price Index (YoY) registered at 2.7% above expectations (2.5%) in September
Japan Producer Price Index (YoY) registered at 2.7% above expectations (2.5%) in September
Japan Bank Lending (YoY) registered at 3.8% above expectations (3.7%) in September
Japan Bank Lending (YoY) registered at 3.8% above expectations (3.7%) in September
GBP/USD crashes to 1.3300 as risk-off sentiment drives Greenback gains
GBP/USD accelerated into the bearish side on Thursday, falling nearly eight-tenths of one percent and sending Cable bids into the 1.3300 handle for the first time since early August.
USD/JPY gathers strength above 153.00 on stronger US Dollar
The USD/JPY pair extends the rally to around 153.05 during the early Asian session on Friday, bolstered by a firmer US dollar (USD). The Greenback edges higher to its highest since February against the Japanese Yen (JPY) amid the lack of progress around the US government shutdown.
RBA’s Bullock says services inflation remains a little sticky
Reserve Bank of Australia (RBA) Governor Bullock said on Friday that services inflation remains a little sticky.
United States 30-Year Bond Auction increased to 4.734% from previous 4.651%
United States 30-Year Bond Auction increased to 4.734% from previous 4.651%
The Australian Dollar weakens as US Dollar rebounds, focus shifts to RBA Governor speech
The Australian Dollar (AUD) weakens on Thursday, trading at 0.6550 against the US Dollar (USD), down 0.50% at the time of writing. The Aussie gives up its early gains as the Greenback recovers, supported by a rebound in the US Dollar Index (DXY), which hovers near a two-month high around 99.50.
Fed’s Barr: Fed's inflation goal faces significant risks
Federal Reserve (Fed) Governor Michael Barr spoke about the economic outlook at the Economic Club of Minnesota in Golden Valley, and said that It's hard to judge at this point whether federal government shutdown will leave an imprint on overall economy.
Pound Sterling Price News and Forecast: GBP/USD falls to two-month low as US Dollar momentum strengthens
GBP/USD tumbles during the North American session on Thursday as the US Dollar reaches a 9-week high, as depicted by the US Dollar Index (DXY), hitting 99.51 as hedge funds increase bets on USD gains towards the year-end.
Banxico minutes hint at more rate cuts ahead
Banco de Mexico (Banxico) revealed its minutes of the September 25 meeting, in which the central bank reduced interest rates by 25 basis points to 7.50%, reaching the lowest level since May 2022.
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