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EUR/JPY Price Forecast: Keeps bullish vibe above 162.00, further consolidation cannot be ruled out
The EUR/JPY cross edges lower to near 162.35 during the early European session on Friday. The Japanese Yen (JPY) strengthens against the Euro (EUR) due to rising expectations that the Bank of Japan (BoJ) will continue raising interest rates this year.
US Dollar Index falls toward 99.50 as Trump's One Big Beautiful Act passes first hurdle
The US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, depreciates toward two-week lows.
UK Retail Sales jump 1.2% MoM in April vs. 0.2% expected
The United Kingdom (UK) Retail Sales jumped 1.2% month-over-month (MoM) in April after advancing 0.1% in March (revised from 0.4%), the latest data published by the Office for National Statistics (ONS) showed Friday. Markets expected a 0.2% rise in the reported month.
GBP/USD rebounds above 1.3450 toward 39-month highs, UK Retail Sales eyed
GBP/USD posts gains of about a quarter of a percent in the Asian hours on Friday, trading around 1.3450 at the time of writing. The pair edges higher as the Pound Sterling (GBP) attracts buyers after the GfK better-than-expected Consumer Confidence Index for the United Kingdom (UK) was released.
US President Donald Trump pushes EU to cut tariffs or face extra duties - FT
The Financial Times reported on Friday that US President Donald Trump's trade negotiators are pressuring the EU to reduce tariffs on US imports unilaterally, claiming that without concessions, the bloc would not move in discussions to avoid extra 20% "reciprocal" taxes.
Japan PM Ishiba: No change to our stance on US tariffs
Japan's Prime Minister Shigeru Ishiba said on Friday that there was no change in Japan's stance on US tariffs and its demand that they be eliminated.
USD/CAD slides to 1.3825 area, back closer to two-week low on weaker USD
The USD/CAD pair attracts fresh sellers following the previous day's brief pause and slides to the 1.3825 area during the Asian session on Friday. Spot prices remain close to a two-week low touched on Wednesday and seem vulnerable to weaken further amid a broadly weaker US Dollar (USD).
EUR/USD climbs above 1.1300 ahead of German GDP data
EUR/USD recovers its recent losses posted in the previous session, trading around 1.1310 during the Asian hours on Friday.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Friday, according to data compiled by FXStreet.
USD/INR gains traction on foreign outflows
The Indian Rupee (INR) trades in negative territory on Friday. Likely foreign outflows from domestic equities and higher crude oil prices undermine the Indian currency.
Japanese Yen bulls have the upper hand amid rising BoJ rate-hike bets
The Japanese Yen (JPY) ticked higher on Friday following the release of hotter consumer inflation figures from Japan, which keeps the door open for more interest rate hikes by the Bank of Japan (BoJ).
Australian Dollar appreciates as US Dollar offers recent gains over fiscal deficit concerns
The Australian Dollar (AUD) posts gains against the US Dollar (USD) on Friday after registering losses in the previous session.
Japan's Akazawa heading back to the US around May 30 for more trade talks
Japan's Economy Minister Ryosei Akazawa said on Friday that he intends to visit the US around May 30 for the fourth round of talks, Reuters with the info citing unnamed sources.
PBOC sets USD/CNY reference rate at 7.1919 vs. 7.1903 previous
On Friday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1919 as compared to the previous day's fix of 7.1903 and 7.2151 Reuters estimate.
NZD/USD holds positive ground near 0.5900 as New Zealand Retail Sales beat expectations
The NZD/USD pair posts modest gains near 0.5900 during the early Asian session onn Thursday. The upbeat New Zealand Retail Sales data provide some support to the Kiwi against the US Dollar (USD).
Lagarde speech: We must question links of dependency that we have with US
European Central Bank (ECB) President Christine Lagarde said on Friday that with US President Donald Trump's extension of his trade war to nearly every country, we must question the links of dependency that we have with each other and, in certain matters, with the United States.
Japan's National CPI climbs 3.6 % YoY in April, Core CPI rises more than expected
Japan's National Consumer Price Index (CPI) climbed by 3.6% YoY in April, compared to the previous reading of 3.6%, according to the latest data released by the Japan Statistics Bureau on Friday.
USD/CAD posts modest gains to near 1.3850 on upbeat US PMI data
The USD/CAD pair trades with mild gains around 1.3855, snapping the four-day losing streak during the early Asian session on Friday. The US Dollar (USD) edges higher against the Canadian Dollar (CAD) due to the stronger-than-expected Purchasing Managers Index (PMI) data.
GBP/USD flattens ahead of UK Retail Sales
GBP/USD treaded water on Thursday, marking in a tight circle just north of the 1.3400 handle as global market sentiment suffers knock-on effects from a recent bout of worry that shot through Treasury yields this week.
New Zealand's Retail Sales climb 0.8% QoQ in Q1 vs. 0.1% expected
New Zealand's Retail Sales, a measure of the country's consumer spending, rose 0.8% QoQ in the first quarter (Q4) from the previous reading of 0% (revised from -0.1%), according to the official data published by Statistics New Zealand on Monday.
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