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German Factory Orders fall 1.4% MoM in May vs. -0.1% expected
Germany's Factory Orders dropped more-than-expected in May, suggesting that the country's manufacturing sector recovery lost momentum, according to the official data published by the Federal Statistics Office on Friday.
US Dollar Index breaks below 97.00 as Trump plans to write tariff letters
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its gains registered in the previous two sessions, trading lower around 96.90 during the Asian hours on Friday.
USD/CAD Price Forecast: Sees a sizeable downside below 1.3500
The USD/CAD pair trades lower to near 1.3570 during the European session on Friday, aiming to revisit the eight-month low around 1.3540.
Lagarde speech: We will do whatever we must do to reach inflation target
European Central Bank (ECB) president Christine Lagarde said on Friday, "we will do whatever we must do to reach inflation target."
USD/INR ticks up despite US Dollar drop in the aftermath of US NFP report
The Indian Rupee (INR) trades slightly lower at open against the US Dollar (USD) on Friday. The USD/INR pair ticks up to near 85.56 even as the US Dollar (USD) resumes its downside journey in the aftermath of the United States (US) Nonfarm Payrolls (NFP) report for June, released on Thursday.
EUR/JPY Price Forecast: Trades around 170.00 after pulling back from fresh yearly highs
EUR/JPY retreats after reaching one-year highs on Thursday, trading around 170.10 during the Asian hours on Friday. The bullish bias is strengthening as the technical analysis of the daily chart shows that the currency cross moves upwards within the ascending channel pattern.
FX option expiries for Jul 4 NY cut
FX option expiries for Jul 4 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Friday, according to data compiled by FXStreet.
GBP/USD steadies around 1.3650 due to rising uncertainty over Trump's tariff plans
GBP/USD holds ground for the second consecutive day, trading around 1.3660 during the Asian hours on Friday. The pair remains steady as the US Dollar (USD) depreciates as traders adopt caution, while seeking clarity on US President Donald Trump's plans for tariffs on various countries.
Commerce Ministry: China and US stepping up efforts to implement outcomes of the London framework
Chinese Commerce Ministry said in a statement on Friday that "China and US stepping up efforts to implement the outcomes of the London framework."
EUR/USD wobbles around 1.1760 amid holiday in US on account of Independence Day
The EUR/USD pair trades in a tight range around 1.1760 during the Asian session on Friday. The major currency pair exhibits a lackluster performance amid a holiday in the United States (US) markets on account of Independence Day.
NZD/USD moves little around 0.6050 as traders seek clarity on Trump's plans for tariffs
NZD/USD remains subdued for the third successive session, trading around 0.6070 during the Asian hours on Friday.
Japanese Yen sticks to strong Household Spending data-inspired gains
The Japanese Yen (JPY) scales higher during the Asian session on Friday following the release of strong domestic Household Spending data, which keeps the door open for more interest rate hikes by the Bank of Japan (BoJ).
USD/CAD struggles below 1.3600, over two-week low; bears not ready to give up yet
The USD/CAD pair oscillated in a narrow band during the Asian session on Friday and remains close to a nearly three-week low touched the previous day. Spot prices currently trade around the 1.3575 area, nearly unchanged for the day amid mixed cues.
US President Trump: Will begin sending letters on trade tariffs starting Friday
US President Donald Trump said late Thursday that he "will begin sending letters on trade tariffs starting Friday."
Australian Dollar falls as US jobs data dampen expectations of a Fed rate cut
The Australian Dollar (AUD) extends its losses against the US Dollar (USD) on Friday, as stronger-than-expected US job growth and a surprise drop in the unemployment rate data overshadow investors' hopes for a Federal Reserve (Fed) interest rate cut.
PBOC sets USD/CNY reference rate at 7.1535 vs. 7.1523 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1535 as compared to the previous day's fix of 7.1523 and 7.1688 Reuters estimate.
GBP/USD grapples with recovery ahead of quiet end to the week
GBP/USD churned away near the low-end of a near-term decline on Thursday, bolstered by selling pressure forcing the US Dollar lower after US Nonfarm Payrolls (NFP) jobs data came in hotter than expected.
EUR/USD slides as hot US jobs data justifies Fed's restrictive stance
The Euro falls against the US Dollar on Thursday following the release of June's employment figures in the United States (US), which showed why the Federal Reserve (Fed) is not ready to reduce borrowing costs. At the time of writing, the EUR/USD trades at 1.1744, down 0.45%.
AUD/USD slips as NFP beats and Trump cheers tax bill's final passage
The Australian Dollar (AUD) is edging lower against the US Dollar (USD) on Thursday. Markets are reacting to the latest US Nonfarm Payrolls (NFP) report.
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