Show:
USD/CAD softens to near 1.3800 ahead of US PCE, Canadian GDP releases
The USD/CAD pair trades in a negative territory around 1.3810 during the early Asian session on Friday. The concerns that a US court ruling would change the outlook for US tariffs weigh on the Greenback.
Fed's Logan: Monetary policy in a good place
Federal Reserve Bank of Dallas President Lorie Logan gave opening remarks and participated in a moderated conversation before the Greater Waco Member Appreciation event.
BoJ's Ueda: We are aware of firm's aggressive price, wage-setting behavior continuing
Bank of Japan (BoJ) Governor Kazuo Ueda said on Friday that the BoJ's financial position won't affect its short-term rate decision, which will focus on achieving the price target.
Fed's Daly: Need modestly or moderately restrictive policy to keep bringing inflation down
Federal Reserve Bank of San Francisco President Mary C. Daly said late Thursday that the central bank needs modestly or moderately restrictive policy to keep bringing down inflation.
Japanese life insurers cut protection against stronger Yen to fresh 14-year low - Bloomberg
Japanese life insurers cut protection for their foreign assets against a stronger Japanese Yen (JPY) to a fresh 14-year low, signaling subdued expectations of a sustained rally in the JPY, per Bloomberg.
Japan's Tokyo CPI inflation declines to 3.4% YoY in May
The headline Tokyo Consumer Price Index (CPI) for May rose 3.4% YoY as compared to 3.5% in the previous month, the Statistics Bureau of Japan showed on Friday.
AUD/USD gathers strength to near 0.6450 amid renewed tariff concerns
The AUD/USD pair gains ground to near 0.6445 during the early Asian session on Friday. The US Dollar (USD) edges lower against the Australian Dollar (AUD) due to the resurgence of trade uncertainty and disappointing US economic data.
GBP/USD recovers 1.35 ahead of key US inflation data
GBP/USD made a choppy relief rally on Thursday, jumping back into the 1.3500 handle as markets gear up for the latest batch of United States (US) Personal Consumption Expenditure Price Index (PCE) inflation figures due on Friday.
US Treasury Secretary Bessent: We will stabilize debt-to-GDP by 2028
United States (US) Secretary of the Treasury Scott Bessent stated the Trump administration's intention to "stabilize" the US's debt-to-Gross Domestic Product (GDP) ratio by 2028, and insisted that trade agreements will be announced in the weeks ahead.
AUD/JPY Price Forecast: Struggles at 93.00 as bears gain steam
AUD/JPY loses some ground on Thursday ahead of the beginning of Friday's Asian session, falls over 0.19%, below the 93.00 figure, yet retains its sideways bias as the cross pair remains above the Ichimoku Cloud (Kumo).
BoE's Bailey: The UK's needs, not tariffs and trade, will be key driver for UK rates
Bank of England (BoE) Governor Andrew Bailey noted late on Thursday that the primary drivers behind the BoE's main reference rate remains the economic needs of the United Kingdom (UK), not external drivers such as the Trump administration's tariff policies.
Silver Price Forecast: XAG/USD reaclims $33.00 on weak US jobs data boosting haven demand
Silver price advanced more than 1% on Thursday, climbing back above $33.00 as demand for safe-haven metals increased following the release of weak US jobs data. At the time of writing, the XAG/USD trades at $33.31.
Fed's Daly: Bond yields show the markets are trying to process uncertainty about policy
Federal Reserve (Fed) Bank of San Francisco President Mary C.
EUR/JPY rises ahead of Japan's CPI, German Retail Sales data
The Euro (EUR) is strengthening against the safe-haven Japanese Yen (JPY) on Thursday, ahead of Japan's upcoming inflation data and Germany's Retail Sales data. At the time of writing, the pair trades at 163.83, up 0.17% in the day.
EUR/USD rebounds sharply as soft US jobs, GDP data sink US Dollar
The EUR/USD rallies after hitting a weekly low of 1.1210, edging up over 0.70% on Thursday as jobs economic data from the United States (US) came in softer, weakening the US Dollar, which is also undermined by falling US yields. At the time of writing, the pair trades at 1.1376.
US Trade Advisor Navarro: You can assume even if we lose tariff cases we'll do it another way.
Following the US Court of International Trade (USCIT) decision to suspend President Donald Trump's far-reaching tariffs, White House Trade Advisor Peter Navarro hit newswires reaffirming market expectations that even if the USCIT decision were to stand, the Trump administration intends to seek other
Trump tariffs reinstated during appeals process as federal courts consider filings
According to the United States (US) Court of Appeals for the Federal Circuit, federal judges need more time to weigh the filings that have been brought by both sides of the US Court of International Trade (USCIT) decision to suspend President Donald Trump's far-reaching tariffs.
Forex Today: Focus will be on US PCE, German CPI
The US Dollar (USD) traded on the back foot following quite a volatile day, weighed down by the resurgence of trade uncertainty along with disappointing data releases from the US labour market.
EUR/GBP spikes as markets cheer potential EU-US trade deal
The Euro (EUR) is trading higher against the Pound Sterling (GBP) on Thursday, buoyed by news that the European Union (EU) and the United States (US) are making progress in trade talks.
Canadian Dollar gains ground on Thursday as tariff complexity deepens
The Canadian Dollar (CAD) found some room to the high side on Thursday, gaining ground against the Greenback as broad-market flows pull back from the US Dollar (USD).
Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy