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JPY: Tokyo inflation data warns of July BoJ rate hike - ING
Tokyo May inflation data surprised on the upside, ING's FX analyst Chris Turner notes.
EUR/USD: Likely to trade in a range of 1.1270/1.1435 for now - UOB Group
There is scope for the sharp rally to extend; deeply overbought conditions suggest any advance is likely part of a higher range of 1.1330/1.1415.
USD: April spending and inflation data in focus - ING
Yesterday's dollar rally didn't last long. It quickly became clear that the Trump administration would pursue other trade laws to enact its tariffs, and later, the US Court of Appeals proposed a delay in the original court ruling that tariffs were illegal.
NZD/USD retreats from 0.6000 with the US Dollar picking up ahead of the PCE inflation release
The New Zealand Dollar has been rejected at the 0.6000 psychological area and returned to 0.5950, as the US Dollar regains lost ground, with investors bracing for the release of April's US PCE Price Index reading.,The Dollar lost ground against its main peers earlier on Thursday, as a US federal co
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Friday, according to FXStreet data.
Silver Price Forecast: XAG/USD is looking for direction above the $32.70 support area
Silver keeps posting lower highs since peaking at $33.70 last weekRecent price action is forming a descending triangle pattern, a bearish sign.XAG/USD: Below the $32.60-3270 support, the next targets are $32.15 and $31.70.Silver prices (XAG/USD) are paring losses during Friday's European session.
ECB's Panetta: Reduced room to cut rates further, but macro outlook remains weak
European Central Bank (ECB) executive board member Fabio Panetta said on Friday that there is a "reduced room to cut rates further, but the macro outlook remains weak and trade tensions could worsen it."
US Dollar Index rebounds modestly as US Appeals court puts tariff-ban on hold
The US Dollar (USD) recovers on Friday after a sharp sell-off the previous day, with investors remaining uncertain over the existence of majority of tariffs imposed by United States (US) President Donald Trump on all of his trading partners since his return to the White House this year.
EUR/USD trims gains, returning below 1.1350 with US PCE inflation in focus
EUR/USD is trading with minor losses around 1.1340 at the time of writing on Friday, but it holds most of the ground taken during Thursday after a US federal court reversed the block on US President Donald Trump's tariffs, triggering a sharp US Dollar (USD) sell-off.The US Court of Appeals paused th
Pound Sterling corrects against US Dollar after US court reinstates Trump tariffs
The Pound Sterling (GBP) drops to near 1.3475 against the US Dollar (USD) in Friday's European trading session.
GBP/JPY trades above 194.00 after paring recent losses
GBP/JPY extends its losses for the second successive session, trading around 194.00 during the European hours on Friday.
WTI drops to levels near $60.00 as global trade uncertainty returns
WTI Oil prices reversed gains on Thursday, after the US Court of Appeals reversed a sentence from a lower court to block Trump's trade tariffs.
NZD/USD falls to near 0.5950 as US Dollar rises ahead of PCE Index data
NZD/USD halts its two-day winning streak after offering daily gains, trading around 0.5960 during the early European hours on Friday. However, the pair could regain its ground as the US Dollar (USD) may struggle following the ruling allowing US President Donald Trump's tariffs to take effect.
USD/CAD sticks to modest intraday gains above 1.3800 ahead of US PCE data
The USD/CAD pair regains positive traction on Friday and reverses a part of the previous day's retracement slide from the 1.3860 area, or a one-week high.
USD/CHF extends the decline below 0.8250, US PCE data in focus
The USD/CHF pair loses ground to near 0.8230 during the early European session on Friday. The Swiss Franc (CHF) edges higher against the US Dollar (USD) due to persistent trade-related uncertainties.
Forex Today: US tariff headlines limit USD upside ahead of key inflation data
Here is what you need to know on Friday, May 30:
FX option expiries for May 30 NY cut
FX option expiries for May 30 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
AUD/JPY drops to near 92.50 following Tokyo's inflation, Aussie Retail Sales data
AUD/JPY extends its losses for the second successive day, trading around 92.50 during the Asian hours on Friday. The currency cross depreciates nearly 0.50% as the Japanese Yen (JPY) gains ground against its peers after Tokyo's core inflation came in stronger than expected.
EUR/GBP holds losses near 0.8400 following German Retail Sales, eyes on CPI data
EUR/GBP edges lower after registering more than 0.50% gains in the previous session, trading around 0.8420 during the Asian hours on Friday. The currency cross holds losses following the release of Germany's Retail Sales data.
German Retail Sales grow 2.3% YoY in April vs. 1.8% expected
Retail Sales in Germany unexpectedly declined 1.1% month-over-month (MoM) in April, following the 0.9% revised growth (from -0.2%) reported in March, according to official data released by Destatis on Friday.
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