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NZD/USD Price Analysis: Bears take a breather, yet maintain a clear domination
In Friday's session, the NZD/USD took a slight break from its continual downward trajectory, mildly rebounding to 0.5890.
Silver Price Analysis: XAG/USD ends losing streak, still tumbles below $28.00
Silver ended its two-day losing streak yet finished the week with losses of more than 4%, as investors booked profits in the precious metal space.
EUR/USD finds thin Friday gains but still trapped below 1.09
EUR/USD found a slim foothold on Friday, rising one-fifth of one percent at the bell but still ending the overall week in the red, adding into a two-week decline of around 1.12% top-to-bottom.
GBP/USD chalks in another down week despite late Sterling uptick
GBP/USD floundered on Friday, climbing a scant 0.13% on the day as the Pound Sterling gets weighed down by broad-market expectations of a rate cut from the Bank of England (BoE) next week.
AUD/JPY Price Analysis: Rebounds slightly, awaits continuation of correction
In Friday's session, the AUD/JPY pair showed a minor recovery, rising by 0.15% to end at 100.79.
USD/JPY Price Analysis: Bears overtake bulls as pair remains below 154.00
The USD/JPY dropped 0.14% on Friday as the pair recovered some ground after hitting a 14-week low of 151.93.
USD/CHF gains momentum as bears take a breather, pair inch towards 0.8830
In Friday's trading session, the USD/CHF managed to improve, closing up by 0.15% at around 0.8830 against the backdrop of fluctuating Personal Consumption Expenditures (PCE) numbers released by the United States.
Gold price rebounds off two-week lows amid lower US yields
Gold price makes a U-turn after diving to two-week lows of $2,353 edges higher some 0.80% as market participants seem secure the Federal Reserve will lower interest rates at the September meeting, following a soft inflation report.
Dow Jones Industrial Average soars as rate cut hopes resume
The Dow Jones Industrial Average (DJIA) scorched 700 points higher on Friday after a close-enough-to-expectations print in US Personal Consumption Expenditures Price Index (PCE) inflation came in cool enough to allow investors to keep hopes for a September rate cut pinned to the ceiling.
Australian Dollar attempts to regain losses amidst ongoing concerns around the global economy
In Friday's session, the Australian Dollar (AUD) slightly recovered against the USD, as AUD/USD rebounded to 0.65515 due to corrective activities after intensive sell-offs in the previous sessions.
Mexican Peso eases losses amid Fed easing hopes
The Mexican Peso trimmed some losses against the US Dollar on Friday, yet it's set to end the week with over 2% losses.
Canadian Dollar soft on Friday as markets look elsewhere
The Canadian Dollar (CAD) found little support on Friday, easing back against most of its major currency peers as global markets focus on US inflation figures.
ECB's Schnabel: Services inflation is proving stickier than expected
Executive Board member of the European Central Bank (ECB) Isabel Schnabel hit the wires late on Friday noting that a single cut from the ECB doesn't necessarily guarantee follow-up cuts, and that inflation in the EU, particularly services inflation, is proving a tricky beast to slay.
US Dollar struggles with mixed PCE figures and rate cuts bets
On Friday, the US Dollar, as depicted by the DXY, displayed some resilience despite encountering daily losses post the release of mixed Personal Consumption Expenditures (PCE) data.
Gold price falls back from historic heights - Commerzbank
Gold has fallen in recent days, but after a price increase of almost $200 between the end of June and mid-July, Commerzbank's Commodity Analyst Barbara Lambrecht notes.
Oil prices remain under pressure this week - Commerzbank
Oil prices remained at just over $80, a barrel of Brent crude was temporarily as cheap as it was last at the beginning of June, Commerzbank's Commodity Analyst Barbara Lambrecht notes.
GBP/USD Price Analysis: Stays subdued at around 1.2850
The Pound Sterling clings to minuscule gains on Friday after the latest inflation report in the United States (US) reinforced investors' bets that the US Federal Reserve could begin slashing rates at the September monetary policy meeting.
Major oil producers may withdraw again - Commerzbank
The price of a barrel of Brent crude temporarily traded at just over $80, close to the perceived 'pain threshold' of the OPEC+ production cartel: At this price level, the cartel had decided in the past to cut production in order to stabilise the market, Commerzbank's commodity analyst Barbara Lambrecht notes.
GBP/USD: Bulls strife to test the 1.2925 resistance - Scotibank
The Pound Sterling (GBP) has nudged a little higher in quiet Asian and European trade after closing on the lows yesterday, Scotiabank's Chief FX Strategist Shaun Osborne notes.
EUR/USD: Looks well-supported on dips - Scotiabank
The Euro (EUR) is flat on the day and down only modestly on the week as it holds a neutral range trade around 1.0850, Scotiabank's Chief FX Strategist Shaun Osborne notes.
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