Show:
GBP/USD softens to below 1.3500 ahead of UK Retail Sales release
The GBP/USD pair extends the decline to near 1.3490 during the Asian trading hours on Friday, pressured by renewed US Dollar (USD) demand. Traders prefer to wait on the sidelines ahead of US President Donald Trump's tariff deadline and the Federal Reserve (Fed) policy meeting next week.
US President Donald Trump is shifting to dealmaking mode on China - WSJ
According to the Wall Street Journal (WSJ) on Friday, US President Donald Trump is now pursuing dealmaking with China.
EUR/JPY holds gains above 173.00 following Tokyo CPI data
EUR/JPY extends its winning streak for the seventh successive session, trading around 173.10 during the Asian hours on Friday. The currency cross appreciates as the Japanese Yen (JPY) faces challenges following the release of Tokyo Consumer Price Index (CPI) data.
Japanese Yen retreats further from two-week high against USD on softer Tokyo CPI
The Japanese Yen (JPY) drifts lower for the second straight day against its American counterpart and retreats further from a two-week high touched the previous day. Data released earlier this Friday showed that consumer inflation in Japan's capital city, Tokyo, slowed more than expected in July.
Australian Dollar continues to fall after retreating from eight-month highs
The Australian Dollar (AUD) declines against the US Dollar (USD) on Friday, extending its losses for the second consecutive day. The AUD/USD pair continues to lose ground after pulling back from an eight-month high of 0.6625, which was reached on Thursday.
US Dollar Index gains traction to above 97.50 amid mixed US economic data
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in positive territory for the second consecutive day around 97.55 during the Asian trading hours on Friday.
PBOC sets USD/CNY reference rate at 7.1419 vs. 7.1385 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1419 as compared to the previous day's fix of 7.1385.
NZD/USD holds positive ground above 0.6000 amid trade optimism
The NZD/USD pair attracts some buyers to near 0.6035 during the early Asian trading hours on Friday. Optimism surrounding fresh US trade deals provides some support to the New Zealand Dollar (NZD) against the Greenback. Later on Friday, US Durable Goods Orders for June will be published.
Japan's Tokyo CPI inflation eases to 2.9% YoY in July
The headline Tokyo Consumer Price Index (CPI) for July rose 2.9% YoY as compared to 3.1% in the previous month, the Statistics Bureau of Japan showed on Friday.
EUR/USD falls towards 1.1750 as strong US data offsets ECB hold
The EUR/USD drops over 0.20% on Thursday after solid economic data from the United States (US) weighed on the shared currency, which benefited from the European Central Bank (ECB) holding rates unchanged. At the time of writing, the pair trades at 1.1749, having reached a daily high of 1.1789.
USD/CAD gathers strength to near 1.3650 as Canada's Retail Sales shrink
The USD/CAD pair edges higher to around 1.3645 during the early Asian session on Friday. Disappointing Canadian economic data weighs on the Canadian Dollar (CAD) against the Greenback. The US Durable Goods Orders for June will be released later on Friday.
GBP/USD heads into Friday on the backfoot after PMI data miss
GBP/USD spoiled a three-day winning streak on Thursday, crumbling away from the 1.3600 handle and backsliding down to 1.3500.
Dow Jones Industrial Average hesitates on Thursday after key earnings misses
The Dow Jones Industrial Average (DJIA) stumbled on Thursday, consolidating just below the 45,000 handle as earnings blunders drag down key overweighted stocks listed on the Dow Jones.
New Zealand Dollar eases from two-week high as RBNZ flags growth risks, Trump-Fed meeting eyed
The New Zealand Dollar (NZD) eases slightly against the US Dollar (USD) on Thursday, pulling back from a two-week high reached earlier in the day. The move snaps a two-day winning streak for the Kiwi as the Greenback finds stability following a volatile start to the week.
Forex Today: UK Retail Sales take centre stage alongside German business morale
The US Dollar managed to regain some balance and print decent gains on Thursday, always amid mixed results from the US docket, advancing US yields across the board, and recent progress on the trade front.
Canadian Dollar snaps winning streak as US Dollar pares losses
The Canadian Dollar (CAD) faltered on Thursday, snapping a four-day winning streak and giving back ground to the US Dollar (USD).
Australian Dollar trades near 2025 high as risk sentiment, resilient data boosts gains
The Australian Dollar (AUD) is pulling back after hitting an eight-month high against the US Dollar (USD) on Thursday. The pair reached a session high of 0.6625 before easing to trade near 0.6596 at the time of writing.
Sources suggest ECB policymakers lean toward rate hold as tariff risks cloud outlook
Sources revealed that European Central Bank (ECB) policymakers expect to keep rates unchanged, unless they see a deterioration in growth and inflation resumes its downward path, as two sources told Reuters.
GBP/USD retreats from 1.3600 on strong US jobs data
The GBP/USD rally stalls as the Greenback stages a recovery, pushing the pair down over 0.24% after registering three straight days of gains that fell short of cracking the 1.3600 figure.
UK autumn budget to test Reeves' fiscal resolve - Standard Chartered
Limited options ahead of UK's autumn budget given tight borrowing headroom and political pressures. Government likely wants to wait for accurate OBR estimates as well as economic and political developments before committing to fiscal plans.
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy