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USD: More dissent for the Fed - Commerzbank
Donald Trump nominated Stephan Miran as the new Fed governor on social media yesterday evening, weakening the US dollar, at least in the short term. Miran replaces Adriana Kugler, who resigned unexpectedly and prematurely last week.
NZD/USD Price Forecast: Strives to break above 50-day EMA
The NZD/USD pair trades in a tight range around 0.5960 during the European trading session on Friday.
USD: Trump gets his FOMC dove - ING
President Trump nominated Stephen Miran to fill the vacant FOMC seat until the end of January, pending Senate confirmation in September, ING's FX analyst Francesco Pesole notes.
USD/JPY: Consolidation on the daily chart - OCBC
USD/JPY consolidated this week, in absence of fresh catalyst as markets await US CPI next Tuesday. Pair was last at 14784 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
SEK seen outperforming NOK as geopolitical risk fades - ING
Scandinavian currencies should also do well if geopolitical risk is priced out, with Sweden's krona likely better positioned than Norway's krone due to opposite exposures to energy prices, ING's FX analyst Francesco Pesole notes.
Oil: Potential Trump-Putin meeting - ING
ICE Brent settled almost 0.7% lower yesterday with hopes that Presidents Trump and Putin may meet soon, possibly as soon as next week, ING's commodity experts Ewa Manthey and Warren Patterson note.
USD/JPY rises beyond 147.50 amid a broadly firmer US Dollar
The US Dollar is reverting to the previous two days' losses as investors welcomed reports suggesting that Fed Governor Waller is emerging as a top candidate for the replacement of Chair Powell in May, while a moderate risk appetite is weighing on the safe-haven Yen.
EUR: Markets to tread carefully on Ukraine truce hopes - ING
After an initial positive spillover on the euro from news of Trump meeting with Putin next week, markets now need to assess how realistic a truce is, ING's FX analyst Francesco Pesole notes.
GBP/USD: Surprise vote split - OCBC
Pound Sterling (GBP) rose on BoE decision. GBP was last at 1.3440, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Hawkish interest rate cut by the Bank of England - Commerzbank
Ultimately, the Bank of England delivered on the promise of an exciting decision, Commerzbank's FX analyst Michael Pfister notes.
Gold futures hits record high around $3,530 after Trump's tariffs on gold bars
Gold price futures post a fresh all-time high around $3,534.00 on Friday. The precious metal strengthens, following the announcement of tariffs on imports of one-Kilogram (KG) gold bar by United States (US) President Donald Trump, a move that prompted supply concerns.
China July Copper imports jump on strong domestic demand - ING
Preliminary China's Customs data showed strong domestic demand for industrial metals. Imports of unwrought Copper rose 9.1% YoY (+4.3% MoM) to 480kt in July, ING's commodity experts Ewa Manthey and Warren Patterson note, ING's commodity experts Ewa Manthey and Warren Patterson note.
DXY: Next week CPI a focus - OCBC
US Dollar (USD) slipped in reaction to Trump nominating Stephen Miran to temporarily serve as Fed Governor (seat vacated by Kugler). DXY was last at 98.24 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
EUR/GBP slides further toward 0.8750 as traders pare back bets for BoE cuts
The Euro keeps heading south against the British Pound on Friday. The pair has lost nearly 90 pips since the Bank of England released its monetary policy decision, as price action approaches 0.8650 and is on track for a 0.8% weekly decline.
China buys more Gold - ING
China's central bank continues to add Gold to its reserves, ING's commodity experts Ewa Manthey and Warren Patterson note.
CNY: A deviation from the fix - Commerzbank
Although the Chinese central bank's fixing today would suggest a slightly stronger CNY against the US dollar, the CNY is once again slightly weaker than yesterday. This continues a trend that began last month.
Gold: Futures rise - OCBC
According to an FT report, the US has imposed tariff on imports of 1-kg and 100-oz Gold bars. XAU last seen at 3400/60 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
USD/CHF approaches 0.8100 with the Swiss Franc on the defensive
The Swiss Franc is underperforming on Friday, hammered by a moderate risk appetite and the threat from hefty US tariffs on Swiss imports, which is boosting a mild USD/CHF recovery from Thursday's lows at 0.8045 to levels nearing 0.8100.The Swiss President Karin Keller-Sutter left Washington on Thurs
AUD/USD extends gains, approaching 0.6540 highs on risk appetite
The Aussie Dollar remains outperforming its peers on Friday, fuelled by a moderate risk appetite.
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