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Silver Price Forecast: XAG/USD flat lines around $38.00 as traders seem non-committed

Silver (XAG/USD) attracts some dip-buying during the Asian session on Friday and stalls the previous day's retracement slide from the $38.70-$38.75 area, or a three-week high. The white metal climbs back above the $38.00 mark in the last hour, though it lacks bullish conviction.

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EUR/JPY falls to near 171.50 following Japan's Q2 GDP data

EUR/JPY extends its losses for the third successive session, trading around 171.70 during the Asian hours on Friday. The currency cross loses ground as the Japanese Yen (JPY) rises following stronger-than-expected Japanese Gross Domestic Product (GDP) data for the second quarter.

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China warns Western companies against stockpiling rare earths -- FT

China is warning foreign companies against stockpiling rare earths or risk even greater shortages, the Financial Times reported on Friday. This statement came after Beijing tightly controls supplies of the metals vital to electric vehicles and other civilian and defence sectors. 

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USD/CAD Price Forecast: Trades firmly near 1.3800 ahead of US Retail Sales data

The USD/CAD pair holds onto Thursday's gains around 1.3800 during the Asian trading session on Friday. The Loonie pair trades firmly as the US Dollar (USD) has strengthened, following the release of the hotter-than-projected United States (US) Producer Price Index (PPI) data for July.

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Gold recovers slightly after Thursday's decline to two-week low; upside seems limited

Gold (XAU/USD) attracts some buyers during the Asian session on Friday and moves away from a two-week low, around the $3,330 area, which it touched the previous day.

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EUR/USD trades above 1.1650, rebounds after losing nearly half a percentage point

EUR/USD retraces its recent losses from the previous session, trading around 1.1660 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) struggles amid rising expectations that the Federal Reserve (Fed) will cut rates in September.

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Australian Dollar remains steady following Chinese economic data

The Australian Dollar (AUD) remains subdued against the US Dollar (USD) on Friday, following disappointing key economic data from China, Australia's major trading partner. The AUD/USD lost more than 0.5% in the previous session as the US Dollar gained ground following stronger US economic data.

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Japanese Yen rises on strong GDP as USD recovery momentum fades

The Japanese Yen (JPY) regains some positive traction during the Asian session on Friday and stalls the previous day's sharp retracement slide from a three-week high touched against its American counterpart.

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Japan's Kato: Monetary policy falls under jurisdiction of BoJ

Japanese Finance Minister Katsunobu Kato said on Friday that the monetary policy falls under jurisdiction of the Bank of Japan (BoJ). Kato further stated that he expects the Japanese central bank to conduct appropriate monetary policy to sustainably and stably hit its price target. 

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NZD/USD weakens to near 0.5900 after soft Chinese data

The NZD/USD pair attracts some sellers near 0.5915 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) pares gains against the US Dollar (USD) after the release of Chinese economic data.

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China's July Retail Sales rise 3.7%, Industrial Production up 5.7%

China's Retail Sales rose 3.7% year-over-year (YoY) in July vs. 4.8% expected and 4.8% in June, the latest data released by the National Bureau of Statistics (NBS) showed Friday.

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US Dollar Index drifts lower to near 98.00 ahead of US PPI data

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a softer note near 98.15 during the Asian trading hours on Friday. Expectations that the Federal Reserve (Fed) will cut rates in September weigh on the DXY.

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Japan's Akazawa: Latest GDP data confirm economy is recovering modestly

Japanese Economy Minister and chief trade negotiator, Ryosei Akazawa, said on Friday that the latest data confirmed the Japanese economy is recovering modestly.

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PBOC sets USD/CNY reference rate at 7.1371 vs. 7.1337 previous

On Friday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1371 as compared to the previous day's fix of 7.1337 and 7.1852 Reuters estimate.

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WTI rises above $63.00 as Trump-Putin meeting looms

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.20 during the early Asian trading hours on Friday.

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Japan's GDP rises 0.3% QoQ in Q2 2025 vs 0.1% expected

The Japanese economy grew 0.3% over the quarter in the second quarter (Q2) of 2025, the preliminary reading released by Japan's Cabinet Office showed on Friday. This reading came in above the market expectation of 0.1% and the previous reading of 0%.

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GBP/USD snaps winning streak after hot US PPI inflation print

GBP/USD recoiled from rising US inflation metrics on Thursday, sending the US Dollar (USD) broadly higher and snapping a two-day winning streak in the Cable-Dollar pairing.

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USD/CAD flat lines above 1.3800 as traders await US Retail Sales release

The USD/CAD pair trades flat near 1.3815 during the early Asian session on Friday. Traders await the release of US Retail Sales and the preliminary reading of the University of Michigan Consumer Sentiment gauge, which are due later on Friday. 

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USD/CHF Price Forecast: Climbs as hot PPI boosts the Dollar

The USD/CHF rises during the North American session as recent economic data from the States prompted investors to reduce bets that the Fed would cut rates by 50 bps, as stated by the US Treasury Secretary Scott Bessent on Wednesday. At the time of writing, the pair traded at 0.8077, up 0.26%.

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EUR/USD dives as scorching US PPI kills hopes for jumbo Fed cut

EUR/USD dives sharply on Thursday as the latest inflation report in the United States (US) caught traders off guard, who were betting on a slim chance of a 50 basis points (bps) Federal Reserve (Fed) rate cut in September. Currently, the pair trades at 1.1638, down 0.57%.

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