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Japan's Kato says he is aware of rising interest rates
Japanese Finance Minister Katsunobu Kato said on Friday that he is aware of rising interest rates, adding that he will continue to engage with bond market participants and manage debt policies appropriately.
China's NDRC says will expand consumption, optimizing investment structure
The National Development and Reform Commission of the People's Republic of China (NDRC) said on Friday that they are aware that household consumption capability and confidence need to be improved. China's State Planner added that they will expand consumption and optimize investment structure.
US Vice President Vance: Don't think we allow bureaucrats to make monetary policy decisions
US Vice President (VP) JD Vance, in an interview with USA Today on Thursday, confirmed the end of the Federal Reserve's (Fed) autonomy.
Australian Dollar edges higher amid dovish tone surrounding Fed policy
The Australian Dollar (AUD) moves little against the US Dollar (USD) on Friday, following three days of gains. However, the AUD/USD may further appreciate as the US Dollar (USD) could struggle amid renewed dovish sentiment surrounding the Federal Reserve (Fed) policy outlook.
WTI drifts lower below $64.00 as US targets India
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.85 during the early Asian trading hours on Friday. The WTI edges lower amid concerns about oversupply and US pressure on India to halt Russian oil imports.
PBOC sets USD/CNY reference rate at 7.1030 vs. 7.1063 previous
On Friday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1030 as compared to the previous day's fix of 7.1063 and 7.1274 Reuters estimate.
UK's Reeves could raise revenues by imposing a windfall tax on banks -- Bloomberg
UK Chancellor of the Exchequer Rachel Reeves could boost revenues by imposing a windfall tax on commercial lenders to recover the profits they are making from taxpayers on deposits held at the Bank of England (BoE), Bloomberg reported on Friday.
USD/JPY weakens below 147.00 after Japan's Tokyo CPI inflation data
The USD/JPY pair loses ground to near 146.85 during the early Asian session on Friday. The Japanese Yen (JPY) edges higher against the US Dollar (USD) after the release of Japan's Tokyo August Consumer Price Index report.
GBP/USD extends soft bullish march ahead of looming US inflation data
GBP/USD marched its way into a third consecutive bullish session on Thursday, climbing back over the 1.3500 handle and paring away most of the early-week losses from Monday's half-percent decline.
Fed's Waller: Time has come to move US interest rates lower -- Reuters
Federal Reserve (Fed) Governor Christopher Waller said that he would support an interest-rate cut in the September meeting and further reductions over the next three to six months to prevent the labor market from collapsing, Reuters reported late Thursday.
USD/CAD posts modest gains above 1.3750 ahead of Canadian GDP, US PCE releases
The USD/CAD pair trades with mild gains near 1.3755 during the early Asian session on Friday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) after the upbeat US Gross Domestic Product (GDP) and weekly Initial Jobless Claims data.
USD/CHF consolidates near support, risks testing July swing lows
USD/CHF consolidates during the North American session yet ends Thursday's session modestly with losses of over 0.09% even though the latest round of economic data in the United States (US) showed that the economy remains solid. At the time of writing, the pair trades at 0.8013.
When is the Tokyo CPI release, and how could it affect USD/JPY?
The Tokyo Consumer Price Index (CPI) inflation print, due at the tail end of the Thursday market session at 23:30 GMT, will give markets the latest peek at how Japanese inflation is ticking away under the hood.
EUR/USD edges higher as Fed turmoil and safe-haven flows pressure US Dollar
EUR/USD edges up late in the North American session on Thursday, as the US Dollar (USD) fails to gain traction on upbeat US data, amid the ongoing conflict between US President Donald Trump and Federal Reserve (Fed) Governor Lisa Cook. At the time of writing, the pair trades at 1.1688, up 0.43%.
USD/JPY drifts lower ahead of Tokyo CPI and US PCE inflation report
The Japanese Yen (JPY) strengthens against the US Dollar (USD) on Thursday, with USD/JPY slipping below the 147.00 mark as the Greenback remains under pressure.
Gold rallies above $3,400 as Fed independence fight boosts safe-haven demand
Gold price rises to a five-week high of $3,413 as traders shrug off solid economic data from the United States (US), which justifies the current stance by the Federal Reserve (Fed) to hold rates unchanged.
Dow Jones Industrial Average middles ahead of key inflation report
The Dow Jones Industrial Average (DJIA) ground to a halt on Thursday, stuck near the 45,500 region as investors await the latest batch of United States (US) Personal Consumption Expenditures Price Index (PCE) inflation data, due on Friday.
Forex Today: Investors' attention shifts to US PCE data and German flash CPI
The US Dollar (USD) extended further its weekly correction as jitters surrounding the Fed's independence remained unabated, while tariff uncertainty and the increasing likelihood of a rate cut by the Federal Reserve in September also contributed to the sour sentiment around the Greenback.
Silver Price Forecast: XAG/USD consolidates near $39.00, bulls target multi-year high
Silver (XAG/USD) is consolidating gains near one-month highs on Thursday, following a successful retest of former triangle resistance around $38.00. Wednesday's rebound confirmed the breakout structure and helped reinforce bullish momentum, supported by a softer US Dollar (USD).
GBP/USD climbs above 1.3500 as solid U.S. data caps Dollar
The GBP/USD rises during the North American session after economic data released in the United States (US) showed that the economy remains solid and does not warrant an interest rate cut. At the time of writing, the pair trades at 1.3524, up 0.19%.
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