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USD/CHF refreshes weekly high near 0.8100 as US Dollar trades firmly
The USD/CHF pair posts a fresh weekly high near 0.8100 during the late Asian session on Friday. The Swiss Franc pair advances as the US Dollar (USD) trades firmly ahead of Federal Reserve (Fed) Chair Jerome Powell's speech at the Jackson Hole (JH) Symposium at 14:00 GMT.
USD/MXN ticks higher after Banxico Minutes; looks to Powell's speech for fresh impetus
The USD/MXN pair attracts some dip-buying near the 18.7375 area during the Asian session on Friday, and for now, seems to have snapped a two-day losing streak. Spot prices, however, lack bullish conviction and currently trade around the 18.7665 zone, up just over 0.05% for the day.
AUD/JPY Price Forecast: Resumes upward journey above 100-day EMA near 95.50
The AUD/JPY cross attracts some buyers to around 95.45 during the early European session on Friday. The uncertainty over the likely timing of the next interest rate hike by the Bank of Japan (BoJ) continues to drag the Japanese Yen (JPY) lower and acts as a tailwind for the cross.
USD/INR opens higher amid caution ahead of Fed Chair Powell's speech
The Indian Rupee (INR) opens lower against the US Dollar (USD) on Friday. The USD/INR pair rises to near 87.60 as the US Dollar demonstrates strength ahead of Federal Reserve (Fed) Chair Jerome Powell's speech at the Jackson Hole (JH) Symposium at 14:00 GMT.
USD/CAD hits fresh three-month highs above 1.3900, focus on Fed Powell's speech
USD/CAD remains stronger for the fourth successive session, reaching a three-month high at 1.3915 during the Asian hours on Friday. The pair appreciates as the US Dollar (USD) gains ground amid easing odds of a Federal Reserve (Fed) interest rate cut in September.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Friday, according to data compiled by FXStreet.
EUR/JPY Price Forecast: Holds above 172.00; bullish technical setup backs positive outlook
The EUR/JPY cross attracts some buyers for the second consecutive day on Friday as the uncertainty over the likely timing of the next rate hike by the Bank of Japan (BoJ) undermines the Japanese Yen (JPY).
EUR/USD weakens below 1.1600, all eyes on Jackson Hole Symposium
The EUR/USD pair attracts some sellers to around 1.1595 during the Asian trading hours on Friday, pressured by a rebound in the US Dollar (USD). The German Gross Domestic Product (GDP) for the second quarter (Q2) is due later on Friday.
Gold slips as reduced Fed rate cut bets underpin USD ahead of Powell's Jackson Hole speech
Gold (XAU/USD) remains under some selling pressure for the second straight day on Friday, though it manages to hold above the overnight swing low.
Silver Price Forecast: XAG/USD slips toward $38.00 as Fed rate cut odds ease
Silver price (XAG/USD) edges lower after registering gains in the previous session, trading around $38.10 per troy ounce during the Asian hours on Friday.
GBP/USD maintains position above 1.3400 ahead of Fed Powell's speech
GBP/USD moves little after four days of losses, trading around 1.3410 during the Asian hours on Friday. The pair faced challenges as the US Dollar (USD) gained ground following the key economic data from the United States (US) released on Thursday.
Japanese Yen hits three-week low against USD after domestic inflation data
The Japanese Yen (JPY) slides to a three-week low against its American counterpart during the Asian session on Friday and fails to gain any respite following the release of domestic inflation figures. In fact, Japan's headline National Consumer Price Index (CPI) eased slightly in July.
US Dollar Index holds steady above 98.50, Jackson Hole Symposium in focus
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 flat note around 98.65 during the early Asian trading hours on Friday.
Australian Dollar hovers near two-month lows as traders await Fed Chair Powell's speech
The Australian Dollar (AUD) steadies near a two-month low at 0.6414 after registering losses in the previous four consecutive days.
NZD/USD tumbles to near 0.5800 as Powell's Jackson Hole speech looms
The NZD/USD pair extends the downside to near 0.5815, the lowest since April 11, during the early Asian trading hours on Friday. The New Zealand Dollar (NZD) softens against the Greenback as the Reserve Bank of New Zealand (RBNZ) delivered a rate cut and left the door open for further moves lower.
PBOC sets USD/CNY reference rate at 7.1321 vs. 7.1287 previous
On Wednesday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1321 as compared to the previous day's fix of 7.1287 and 7.1871 Reuters estimate.
WTI extends the rally to near $63.50 amid signs of stronger energy demand
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.40 during the early Asian trading hours on Friday. The WTI rises to near a two-week high amid signs of strong US demand and uncertainty over efforts to end the war in Ukraine.
Japan's National CPI rises 3.1% YoY in July, Core CPI climbs more than expected
Japan's National Consumer Price Index (CPI) rose by 3.1% YoY in July, compared to the previous reading of 3.3%, according to the latest data released by the Japan Statistics Bureau on Friday.
USD/CAD softens to near 1.3900 ahead of Powell's Jackson Hole speech
The USD/CAD pair loses traction to near 1.3905, snapping the three-day winning streak during the early Asian session on Friday. A rebound in crude oil prices provides some support to the commodity-linked Loonie.
Fed's Collins signals openness to rate cut as soon as next month
Federal Reserve (Fed) Bank of Boston President Susan Collins signaled openness to a rate cut as soon as Septemebr, citing tariff pressures and potential labor market weakness despite near-term inflation risks, the Wall Street Journal reported on late Thursday.
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