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GBP/USD climbs back above 1.3500 as dollar softens
GBP/USD has recovered above the 1.3500 level, supported by broad US dollar weakness after soft inflation and labour market signals.
MUFG: Sterling resilience supports GBP/USD above 1.3500
MUFG's Lee Hardman notes the British pound is the best performing major currency in August, with GBP/USD back above 1.3500 as the UK economy shows resilience to the energy price shock linked to the US-Iran conflict.
OCBC: Softer PPI, Lower Yields Trim Fed Hike Bets and Limit Dollar
OCBC analysts say softer US PPI and lower Treasury yields have reduced market expectations for a September Fed hike, limiting the US dollar.
EUR/JPY Holds Flat Around 183.85
EUR/JPY traded little changed near 183.85 in European hours on Friday, consolidating as markets look for fresh cues on possible US-Japan yen intervention.
BoJ Rate-Hike Bets Firm, Reinforcing Yen Support
Commerzbank says Japanese government signals have strengthened market expectations for an imminent Bank of Japan rate hike, with September seen as a possible start and October fully priced.
EUR/USD steadies as soft US inflation trims Fed hike bets
EUR/USD traded at 1.1537 on Friday as markets weighed softer US inflation and reduced expectations for a Federal Reserve rate hike.
Hawkish ECB Expectations Lift Euro Against Dollar
EUR/USD edged up about 0.17% to around 1.1550 in European trading on Friday, supported by expectations that the ECB will raise interest rates.
USD Softens as Yields Fall and Fed Hike Bets Recede
MUFG's Lee Hardman says the U.S. dollar is trading on a softer footing as softer labor data and a mixed PPI prompt markets to scale back Federal Reserve rate hike expectations.
EUR/USD Looks Cheap as Summer Trading Keeps Volatility Subdued
FX analysts note EUR/USD remains largely rangebound in quiet post-CPI summer conditions, but models point to short-term undervaluation and a moderately bullish bias.
Aussie Dollar Firms as US Dollar Softens Before Retail Sales
AUD/USD edged higher on Friday as hawkish RBA commentary supported the Australian dollar while markets awaited US retail sales data.
Canadian Dollar Strengthens on Easing Fed Rate-Hike Bets
USD/CAD drew sellers near 1.3910 in early European trading Friday as cooler US inflation data tempered aggressive Federal Reserve tightening expectations.
NZD/USD Steadies as Hawkish RBNZ Bets Support Kiwi
NZD/USD traded near 0.5870 in early European hours on Friday, breaking a four-day losing streak as markets continued to price in a potential RBNZ rate hike.
British Pound slips against yen as hawkish BoJ bets build
GBP/JPY faces mild selling pressure in European trading as markets lean toward a more hawkish Bank of Japan.
Yen Recovery Hinges on Faster BoJ Normalization, OCBC Says
OCBC analysts note a sharp rise in expectations for a September Bank of Japan hike, while the yen has so far shown only a limited reaction.
US Dollar Mixed as Labor Market Slows, Commerzbank Says
Commerzbank analysts say the US dollar remains supported even as labor market data sends mixed signals, with low hiring and firing alongside very low jobless claims and unemployment.
Euro Holds Modest Gains Against Pound, Stalls Below 0.8550
EUR/GBP is nearly unchanged on Friday after rebounding from three-week lows, but upside momentum remains limited near 0.8550.
EUR/USD May Trade in Higher 1.1515–1.1550 Range: UOB
UOB sees EUR/USD consolidating after a brief spike and expects a slightly higher intraday range of 1.1515–1.1550.
Silver slides below $64 as profit-taking pressure persists
Silver (XAG/USD) fell below $64.00 and traded near $63.50 during Asian hours, extending losses for a second straight day as profit taking weighed on the metal.
AUD/JPY slips toward 112.50 as yen intervention watch continues
AUD/JPY is trading lower near 112.55 in early European hours on Friday as the Japanese yen strengthens against the Australian dollar.
Dollar Steady as US Inflation Matches Expectations
US headline and core inflation came in line with consensus on 12 August, leaving the dollar mostly flat amid thin mid-August trading.
Dollar Index extends decline as cooling US inflation trims Fed rate hike odds
The US Dollar Index was trading around 99.90 in Asian hours, down for a second straight day as softer US inflation reduced expectations for further Fed rate hikes.
USD/JPY holds below 159.50 as soft dollar caps upside
USD/JPY is trading with a mild negative bias below the mid-159.00s in Asian trading on Friday, while staying near a nearly two-week high set the prior session.
EUR/JPY Holds Ground Near 184.00, Capped by 50-Period EMA
EUR/JPY is trading around 183.90 in Asian hours on Friday, holding above the 9-period EMA but capped by the medium-term 50-period EMA.
Euro firms as softer Fed rate-hike bets pressure dollar
EUR/USD extended gains during Friday's Asian session, helped by reduced expectations for Federal Reserve rate hikes, though geopolitical concerns limited the upside.