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Russia wants to export more Oil - Commerzbank
There are currently conflicting reports about Russia's Oil supplies, Commerzbank's commodity analyst Carsten Fritsch notes.
NZD/USD Price Forecast: Struggles to break above 20-EMA
The NZD/USD pair holds onto gains near 0.5885 during the European trading session on Friday. The Kiwi pair demonstrates strength ahead of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for July, which will be published at 12:30 GMT.
Gold pulls back toward $3,400 as focus shifts to US PCE inflation data
Gold (XAU/USD) edges lower on Friday, pulling back from its highest level since July 23, marked the previous day.
EUR/USD: Negative divergence suggests any advance may not reach 1.17200 - UOB Group
Momentum continues to suggest upside potential in Euro (EUR); negative divergence suggests any advance may not reach 1.1720.
JPY: Inflation in the Tokyo area continues to cool down - Commerzbank
The inflation figures for the Greater Tokyo Area, which usually provide a reliable indication of the figures for Japan as a whole, were published this morning and were in line with expectations, Commerzbank's FX analyst Michael Pfister notes.
EUR/CHF pulls back after resistance rejection - Société Générale
EUR/CHF failed to break above 0.9445 and slipped back below its 200-DMA, with the pullback now eyeing 0.9280/0.9260. A deeper decline towards last year's trough at 0.9210 cannot be ruled out, Société Générale's FX analysts note.
USD: Stronger growth, higher inflation, and something about the Fed - Commerzbank
Yesterday's second estimate of US growth in the second quarter was 0.2 percentage points higher than expected.
Iron ore gets a boost after report that China aims to cut steel output - ING
China will aim to cut steel production and curb new capacity between 2025 and 2026, according to Reuters. A planning document issued jointly by multiple Chinese ministries outlined proposals to reduce steel output, given excess supply and insufficient demand.
AUD/USD struggles to extend upside above 0.6550 ahead of US PCE inflation data
The AUD/USD pair struggles to extend its upside above the key level of 0.6500 during the European trading session on Friday.
DXY: Core PCE today - OCBC
US Dollar (USD) extended its slippage overnight while most other currencies, including Asian FX advanced more than G7 counterparts. DXY last at 98.01 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD: Dollar downside risks have increased - ING
The dollar has weakened a bit further, in line with the direction set by lower front-end US Dollar (USD) rates, ING's FX analyst Francesco Pesole notes.
USD/JPY: Mild downward bias - OCBC
USD/JPY was a touch softer, likely weighed by moves in USD/CNY. Pair was last at 147.13 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
CAD: Growth outlook keeps deteriorating - ING
With the exception of the New Zealand dollar (which was hit by a dovish cut from the Reserve Bank), the Canadian Dollar (CAD) has been the worst-performing G10 currency in August, ING's FX analyst Francesco Pesole notes.
USD/CNH: Heavy bias on the daily chart - OCBC
USD/CNH has extended its decline, breaking below 7.12 this morning to trade its weakest level since Nov-2024. Pair was at 7.1312 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Energy: Peace deal hopes fade further - ING
Oil prices rallied after the German Chancellor Merz said it's unlikely that Presidents Zelensky and Putin will meet, providing a blow to hopes for a peace deal between Ukraine and Russia. Given the lack of progress since Putin's summit with President Trump, this isn't a big surprise.
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Friday, according to FXStreet data.
EUR/USD: Indicators are not showing a clear bias - OCBC
Euro (EUR) was better bid as political concerns somewhat faded, and USD retreated. Last at 1.1675 levels.
Offshore Renminbi: Setback amid tariff uncertainty - Standard Chartered
Our Renminbi internationalisation tracker fell in May-July, with most components edging down. Lingering uncertainty on US-China tariffs may have weighed on global Renminbi usage.
Germany CPI Preview: Headline inflation expected to rise 2.1% YoY in August
The Federal Statistical Office of Germany (Destatis) will publish the country's preliminary estimate of the Harmonized Index of Consumer Prices (HICP) inflation data for August on Friday at 12:00 GMT.
USD/JPY consolidates around 147.00 as investors await US PCE inflation data
The USD/JPY pair trades in a tight range around 147.00 during the European trading session on Friday. The pair wobbles as investors await key United States (US) Personal Consumption Expenditure Price Index (PCE) data for July, which will be published at 12:30 GMT.
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