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Pound Sterling stays on the back foot against US Dollar as traders trim Fed rate cut bets
The Pound Sterling (GBP) holds onto losses near an almost 11-week low at around 1.3200 against the US Dollar (USD) during the European trading session on Friday.
Silver Price Forecast: XAG/USD trades lower as US deals eases tariff uncertainty, NFP eyed
Silver price is down 0.5% to near $36.50 during the European trading session on Friday.
EUR/GBP recovery remains capped below 0.8665 with Eurozone inflation on focus
The Euro extends its recovery against the Sterling for the second consecutive day on Friday. Still, price action remains contained below the 0.8665 with investors awaiting manufacturing activity figures from the Eurozone and the UK ahead of July's final Eurozone HICP figures.
Forex Today: July Nonfarm Payrolls data to keep volatility high heading into weekend
Here is what you need to know on Friday, August 1:
USD/CHF holds gains near 0.8150 as Trump slaps 39% tariff on Swiss goods
USD/CHF holds ground after registering losses in the previous session, trading around 0.8130 during the early European hours on Friday.
NZD/USD drops to 0.5870 area, lowest since mid-May as USD bulls await NFP report
The NZD/USD pair prolongs its downtrend for the seventh straight day and drops to its lowest level since mid-May, around the 0.5875-0.5870 region during the early European session on Friday.
AUD/JPY softens to below 97.00 as China's manufacturing activity shrinks
The AUD/JPY cross posts modest losses near 96.80 during the early European session on Friday. The downbeat Chinese economic data undermines the China-proxy Australian Dollar (AUD). China's July Caixin Services Purchasing Managers Index (PMI) report will be released next week.
FX option expiries for Aug 1 NY cut
FX option expiries for Aug 1 NY cut at 10:00 Eastern Time via DTCC can be found below.
USD/MXN remains below 19.00 as Trump grants Mexico 90-day reprieve from 30% tariff hike
USD/MXN inches lower after registering gains in the previous five consecutive days, trading around 18.90 during the Asian hours on Friday.
Japan's Ishiba: Continue to ask US to lower auto tariffs
Japanese Prime Minister Shigeru Ishiba said on Friday that he continues to ask the United States (US) to implement measures, including the lowering of auto tariffs.
US Dollar Index hovers around 100.00, nine-week highs ahead of Nonfarm Payrolls
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, remains stronger for the seventh successive day and is trading around 100.00 during the Asian hours on Friday.
EUR/JPY Price Forecast: Positive view prevails near 172.00, investors await Eurozone HICP release
The EUR/JPY cross trades with mild losses near 172.00 during the early European session on Friday. The Euro (EUR) softens against the Japanese Yen (JPY) amid the tariff uncertainty surrounding the US-EU trade deal.
USD/CAD Price Forecast: Sees upside to near 1.4000 while Carney criticizes Trump's tariff raise
The USD/CAD pair posts a fresh two-month high near 1.3870 on Friday. The Loonie pair strengthens as an increase in the tariff rate announced by United States (US) President Donald Trump on imports from Canada has weakened the Canadian Dollar (CAD).
Nonfarm Payrolls set to show hiring moderated in July as US labor market cools
A pretty wild week is coming to an end with the release of the all-important United States (US) Nonfarm Payrolls (NFP) data for July, which will be published by the Bureau of Labor Statistics (BLS) on Friday at 12:30 GMT.
USD/INR corrects even as US-India trade tensions escalate
The Indian Rupee (INR) extends its recovery against the US Dollar (USD) for the second trading day on Friday.
Canada's Carney: Canadian government upset by US tariff action
Canada's Prime Minister Mark Carney said on Friday that the government is disappointed with the United States (US) on the fresh tariff rate, according to Reuters.
India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Friday, according to data compiled by FXStreet.
EUR/USD hovers near 1.1400 ahead of Eurozone HICP, US Nonfarm Payrolls
EUR/USD remains steady after mild gains registered in the previous session, trading around 1.1420 during the Asian hours on Friday. The pair holds ground ahead of the Eurozone Harmonized Index of Consumer Prices (HICP) data due later in the day.
GBP/USD holds below 1.3200 ahead of US NFP data
The GBP/USD pair extends the decline to near 1.3195 during the Asian trading hours on Friday. The Pound Sterling (GBP) edges lower against the Greenback due to rising expectations of the Bank of England (BoE) rate cut next week.
Gold price flat lines above one-month low as traders seem reluctant ahead of US NFP report
Gold price (XAU/USD) trades with a negative bias below the $3,300 mark during the Asian session on Friday and remains well within striking distance of a one-month low touched earlier this week.
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