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US Dollar Index softens to near 98.00 as Fed rate cut bets grow
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, edges higher to around 98.15 during the Asian session on Friday. The US August employment report will be the highlight later on Friday.
PBOC sets USD/CNY reference rate at 7.1064 vs. 7.1052 previous
On Friday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1064 compared to the previous day's fix of 7.1052 and 7.1052 Reuters estimate.
US President Donald Trump warned of 100% tariffs on foreign chip imports unless firms build in US
US President Donald Trump said that his administration would impose tariffs on semiconductor imports from firms not moving production to the United States, Reuters reported late Thursday.
US President Donald Trump prepares to start North American trade deal renegotiation -- WSJ
US President Donald Trump's administration is set to begin renegotiating the United States (US)-Mexico-Canada free trade deal, the Wall Street Journal reported on Thursday.
NZD/USD strengthens to near 0.5850 ahead of US NFP data
The NZD/USD pair attracts some buyers to around 0.5850 during the early Asian session on Friday. The softer-than-expected US job data continue to weigh on the US Dollar (USD). All eyes will be on the US Nonfarm Payrolls (NFP) report for August, which is due later on Friday.
Fed's Goolsbee: Labor market might be deteriorating
Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that US labor market might be deteriorating, adding that there is a bit of wait-and-see because of uncertainty.
USD/JPY holds steady near 148.50, all eyes on US NFP release
The USD/JPY pair flat lines near 148.50 during the early Asian session on Friday. Traders prefer to wait on the sidelines ahead of the crucial US economic data. The highly anticipated Nonfarm Payrolls (NFP) for August will take center stage later on Friday.
USD/CHF Price Forecast: Steady near 0.8050, awaiting NFP data
The USD/CHF remains steady at around the 50-day Simple Moving Average (SMA) of 0.8051, consolidates at around the 0.8050-0.8100 figure for the fourth straight day. At the time of writing, the pair trades at 0.8056 up 0.01%.
US President Donald Trump signs order sealing Japan tariff deal with 15% rate -- Bloomberg
US President Donald Trump signed an executive order implementing his trade agreement with Japan, which calls for a maximum 15% tax on most of Japan's imports, including automobiles and parts, Bloomberg reported late Thursday.
GBP/USD settles into holding pattern ahead of key US NFP jobs data
GBP/USD slowed to a crawl on Thursday, remaining stuck close to 1.3430 after a volatile showing through the week's earlier sessions. US Nonfarm Payrolls (NFP) are always a high-impact affair, but this Friday's US jobs showdown has taken on an even greater importance than usual.
EUR/USD slips to 1.1640 as US labor woes boost Dollar ahead of NFPs
The EUR/USD retreats after reaching a weekly high of 1.1736 on September 1, as economic data from the US drives the Dollar higher against the shared currency, which witnessed a soft Retail Sales report. The pair trades at 1.1640, down 0.12%.
Gold slips below $3,550 as US Dollar rebound offsets Fed cut bets
Gold price edges lower during the North American session on Thursday as the Greenback recovers some ground, even though the latest round of economic data increased speculation that the Federal Reserve may cut interest rates at the September meeting. The XAU/USD trades at $3,542, down 0.48%.
AUD/USD steadies above 0.6500 as focus shifts to US Nonfarm Payrolls
The Australian Dollar (AUD) is under pressure against the US Dollar (USD) on Thursday, with AUD/USD down almost 0.50%, trading near 0.6510 at the time of writing.
Forex Today: US Nonfarm Payrolls will grab all the attention
The US Dollar (USD) managed to regain some balance and clock decent gains, always meandering in the low 98.00s amid investors' rising expectations ahead of the release of the crucial NFP report.
USD/JPY steadies above 148.00 with NFP in the spotlight
The Japanese Yen (JPY) remains on the defensive against the US Dollar (USD) on Thursday, with USD/JPY recovering most of Wednesday's losses and edging higher.
Dow Jones Industrial Average climbs after weak ADP bolsters Fed rate cut bets
The Dow Jones Industrial Average (DJIA) hit the bids running on Thursday, climbing over 250 points after disappointing ADP jobs data counterintuitively sent equity markets rallying.
Fed's Williams warns that Fed has to balance inflation and jobs market
Federal Reserve (Fed) Bank of New York President John Williams warned on Thursday that although he expects Fed interest rates to continue declining at a slow pace, the Fed's dual mandate still means the US central bank has to carefully balance supporting the jobs market with interest rate cuts with
EUR/GBP dips to 0.8660 as UK fiscal woes meet EZ inflation pressure
The Euro retreats against the British Pound on Thursday, even though fears of an economic slowdown in the UK, hurts the prospects of the Sterling against rising inflation in the Eurozone. At the time of writing, the EUR/GBP trades at 0.8666 after hitting a daily high of 0.8681.
Trump's Fed pick Stephen Miran vows to resign from CEA if confirmed for Fed seat
Stephen Miran, Donald Trump's pick to fill a recently vacated seat on the Federal Reserve (Fed) Board of Governors, vowed that he would resign from the Council of Economic Advisors (CEA) if confirmed by Congress to take a spot at the Fed. Miran was also selected by Trump to take a seat on the CEA.
Japan's political uncertainty weighs on JPY outlook - Rabobank
During the spring and early summer there was hope that the political clouds in Japan would clear after the July Upper House election. That has not been the case. The poor performance of the LDP in that election has meant that changes in its leadership are still expected.
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