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EUR/USD steadies as Fed rate cut bets firm amidst US labor market concerns
EUR/USD remains steady during the North American session on Friday, poised to end the week with modest gains of over 0.18% as traders brace for the next week's monetary policy decision by the Federal Reserve (Fed). At the time of writing, the pair trades at 1.1736, virtually unchanged.
EUR/USD stands tall as US data cements hopes of Fed interest-rate cuts
The EUR/USD pair extends gains on Friday, trading around 1.1745 in the early European session, on track to post a second consecutive weekly gain.
USD/CAD Price Forecast: Targets nine-day EMA support near 1.3800
USD/CAD trades around 1.3830 during the European hours on Friday, remaining subdued after registering nearly a quarter-percent loss in the previous session.
USD/CAD Price Forecast: Corrects to near 1.3830 on US stagflation risks
The USD/CAD pair trades cautiously near Thursday's low around 1.3835 during the European trading session on Friday. The Loonie pair retraces from its recent highs of 1.3890 as the US Dollar (USD) faces selling pressure amid growing United States (US) stagflation risks.
Japan's Akazawa: US tariffs of 15% could cut Japanese corporate earnings by up to 3%
Japanese Economy Minister and top trade negotiator Ryosei Akazawa made some comments on US-Japan tariffs this Friday.
Forex Today: US Dollar finds support ahead of consumer confidence data
Here is what you need to know on Friday, September 12:
ECB's Muller: Rates supportive of economic recovery
European Central Bank (ECB) policymaker Madis Muller said on Friday that the interest rates are supportive of economic recovery.
EUR/USD stabilizes near 1.1720 as US Dollar eases after UoM survey
The Euro (EUR) trades on the back foot against the US Dollar (USD) on Friday, with EUR/USD hovering around 1.1720, stabilizing after dipping to intraday lows near 1.1700.
GBP/USD slips as Dollar steadies ahead of Fed, BoE meetings
The Pound Sterling retreats during the North American session by a modest 0.10% on Friday as the Greenback recovers some ground, after a week that witnessed US inflation remains steady above the Fed's 2% goal but controlled. The GBP/USD trades at 1.3556 after hitting a daily high of 1.3580.
ECB's Villeroy: Labour market conditions are in good shape
European Central Bank policymaker Francois Villeroy de Galhau said on Friday that inflation has stabilised at the targeted level, but the risks remain high.
EUR/GBP holds positive ground near 0.8650 as UK economy stalls in July
The EUR/GBP cross trades on a positive note near 0.8650 during the early European session on Friday. The Pound Sterling (GBP) remains weak against the Euro (EUR) after the release of UK Gross Domestic Product (GDP) data.
ECB's Kazaks: There cannot be a pre-determined path for ECB
Speaking in a CNBC News interview on Friday, European Central Bank (ECB) policymaker Martins Kazaks said that "there cannot be a pre-determined path for the ECB."
United Kingdom FX Today: British Pound awaits next labour market test
The British Pound (GBP) retreated slightly against the US Dollar (USD) on Friday, with the GBP/USD pair trading around 1.3555, down 0.1% on the day, correcting after the previous day's rebound.
ECB's Simkus: Inflation risks are significantly high
European Central Bank (ECB) Governing Council member Gediminas Šimkus said on Friday that inflation risks are significantly high.
EUR/JPY rises to near 173.00 ahead of German HICP data
EUR/JPY extends its gains for the second successive session, trading around 172.90 during the Asian hours on Friday. The currency cross appreciates as the Euro (EUR) gains ground against the Japanese Yen (JPY) ahead of the German August Harmonized Index of Consumer Prices (HICP) data.
USD/CHF trades steadily below 0.8000 ahead of US Michigan Consumer Sentiment data
The USD/CHF pair trades calmly near 0.7960 during the late Asian trading session on Friday. The Swiss Franc pair ticks up as the US Dollar stabilizes after a sharp downside move on Thursday.
USD/CAD slips below 1.3850 amid weaker US consumer sentiment
The Canadian Dollar (CAD) strengthens modestly US Dollar (USD) on Friday, with USD/CAD hovering around 1.3840 during the American session.
AUD/JPY Price Forecast: Keeps bullish vibe above 98.00, overbought RSI warrants caution for bulls
The AUD/JPY cross trades in positive territory for the third consecutive day around 98.20 during the early European session on Friday. The Japanese Yen (JPY) softens against the Australian Dollar (AUD) on political uncertainty in Japan.
FX option expiries for Sept 12 NY cut
FX option expiries for Sept 12 NY cut at 10:00 Eastern Time via DTCC can be found below.
USD/INR opens higher amid US-India trade tensions, India's CPI data in focus
The Indian Rupee opens on a weak note against the US Dollar (USD) on Friday.
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