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US Dollar Index (DXY) retreats below 98.00 on risk appetite, lower US yields
The US Dollar is trading with a moderate negative tone on Friday. The risk-on mood triggered by the upbeat US corporate earnings seen on Thursday has extended to Friday's European session, boosting demand for equities and pulling US yields and the USD lower.
GBP/JPY hits fresh YTD highs above 199.85 amid generalised Yen weakness
The Pound is keeps marching higher for the second consecutive day as the Japanese Yen struggles, hammered by a mix of lack of progress in the trade talks with the US, rising political uncertainty, and easing inflationary trends, which muddle the BoJ's monetary policy outlook.The broad-based Yen weak
Forex Today: US Dollar consolidates weekly gains as focus shifts to US confidence data
Here is what you need to know on Friday, July 18:
AUD/JPY jumps to near 96.80 as Yen underperforms ahead of Japan's elections
The AUD/JPY pair climbs to near 96.80 during the European trading session on Friday. The cross demonstrates strength as the Japanese Yen (JPY) underperforms across the board amid uncertainty surrounding elections in Japan on Sunday.
Pound Sterling set for third straight week of losses amid growing UK labor market concerns
The Pound Sterling (GBP) ticks up slightly on Friday, but remains near an over two-month low around 1.3375 during the European trading session The outlook of the GBP/USD pair, which is set to close in the red for a third consecutive week, remains vulnerable due to growing concerns about the United
EUR/GBP strengthens above 0.8650 as traders raise bets on BoE rate cut
The EUR/GBP cross gains ground to near 0.8655 during the early European session on Friday. The Pound Sterling (GBP) edges lower against the Euro (EUR) as the UK Unemployment Rate hits the highest level in four years.
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $66.38 per barrel, up from Thursday's close at $66.30.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $68.89 price posted on Thursday, and trading at $68.96.
WTI advances to near $66.50 following attacks on Iraqi Oilfields
West Texas Intermediate (WTI) Oil price extends its gains for the second successive day, trading around $66.40 per barrel during the Asian hours on Friday. Crude Oil prices receive support from concerns over supply risks.
US to impose 93.5% anti-dumping levy on China battery material - Bloomberg
The US Commerce Department said on Friday that it will impose preliminary anti-dumping duties on imports of Chinese graphite, which are a key component for electric vehicle batteries, after concluding that the materials had been unfairly subsidized, per Bloomberg.
USD/CHF tumbles to below 0.8050 on tariff uncertainty
The USD/CHF pair tumbles to around 0.8030 during the early European session on Friday. Persistent trade tensions and Federal Reserve (Fed) policy uncertainty boost the safe-haven demand, supporting the Swiss Franc (CHF).
USD/CAD trades with negative bias below mid-1.3700s, lacks bearish conviction
The USD/CAD pair drifts lower during the Asian session on Friday and moves away from a three-and-a-half-week high, around the 1.3775 region touched the previous day. Spot prices, however, lack bearish conviction and trade just below mid-1.3700s, down less than 0.10% for the day.
NZD/USD Price Forecast: 200-EMA acts as key support
The NZD/USD pair rises 0.4% to near 0.5955 during the Asian trading session on Friday. The Kiwi pair gains as the US Dollar (USD) struggles to extend its over two-week rally amid uncertainty surrounding trade talks between the United States (US) and the European Union (EU).
USD/INR reclaims three-week high on US Dollar's continued outperformance
The Indian Rupee (INR) revisits a three-week low at open against the US Dollar (USD) on Friday. The USD/INR pair jumps to near 86.25, while the US Dollar holds onto gains near its immediate highs.
Silver Price Forecast: XAG/USD struggles near $38.00 due to diminished odds of Fed cuts
Silver price (XAG/USD) holds mild losses after two days of gains, trading around $38.20 per troy ounce during the Asian hours on Friday.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Friday, according to data compiled by FXStreet.
Gold price extends range play amid mixed Fed rate cut cues; downside seems limited
Gold price (XAU/USD) struggles to capitalize on the overnight bounce from the $3,309 area, or a one-week low, and oscillates in a narrow trading band during the Asian session on Friday.
EUR/JPY Price Forecast: Bullish outlook remains in play, overbought RSI warrants caution for bulls
The EUR/JPY cross gathers strength to around 172.80 during the early Asian session on Friday. The Japanese Yen (JPY) weakens against the Euro (EUR) amid reduced Bank of Japan (BoJ) rate hike bets.
US Dollar Index holds losses near 98.50 ahead of Michigan Consumer Sentiment
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is retracing its recent gains from the previous session and hovering around 98.50 during the Asian hours on Friday.
China's Commerce Minister: China-US economic and trade relations have gone through storms
China's Commerce Minister Wang Wentao said on Friday that the economic and trade relations between the Unites States have gone through storms, but remain important to each other.
EUR/USD surges above 1.1600 due to easing risk aversion following dovish Fedspeak
EUR/USD recovers its recent losses registered in the previous day, trading around 1.1630 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) loses ground amid easing risk sentiment following the dovish remarks from Federal Reserve (Fed) officials.
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