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New Zealand Dollar slides closer to 0.5800 as Iran risks lift USD and counter hawkish RBNZ
The NZD/USD pair meets with a fresh supply during the Asian session on Friday and erodes a part of the previous day's solid recovery gains from over a two-month low.
Australian Dollar edges lower below 0.7050 as US PPI lifts US Dollar
The AUD/USD pair loses momentum to around 0.7030 during the Asian trading hours on Friday. The US Dollar (USD) strengthens against the Australian Dollar (AUD) after US wholesale prices rose more than expected in May.
US forces intercept Iranian drones targeting shipping in Hormuz
US forces intercepted and shot down two Iranian one-way attack drones near the Strait of Hormuz after Iran attempted to target commercial vessels transiting the waterway, Fox News reported on Friday.
Canadian Dollar weakens despite easing risk aversion
USD/CAD extends its gains for the second successive day, trading around 1.3980 during the Asian hours on Friday. However, the upside for the USD/CAD pair may face notable resistance as a sudden easing of geopolitical risk could sideline the US Dollar (USD).
Japan’s Katayama: No impact expected on policy meeting after BoJ's Ueda hospitalized
Japan’s Finance Minister Satsuki Katayama said on Friday that the Bank of Japan’s (BoJ) monetary policy meeting on June 15-16 will proceed as planned despite Governor Kazuo Ueda’s absence. Ueda is in the hospital with an infected liver cyst.
PBOC sets USD/CNY reference rate at 6.8109 vs. 6.8150 previous
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8109 compared to the previous day's fix of 6.8150 and 6.7640 Reuters estimate.
British Pound eases from weekly high vs USD as Iran risks and UK data looms
The GBP/USD pair struggles to capitalize on the previous day's sharp intraday rally of over 100-pips and edges lower during the Asian session on Friday.
Japanese Yen softens as hot US PPI boost US Dollar
The USD/JPY pair gains traction to near 160.25 during the early Asian session on Friday. Hotter-than-expected US Producer Price Index (PPI) data provides some support to the US Dollar (USD) against the Japanese Yen (JPY).
WTI steadies around $85.00 as Trump indicates potential Iran deal
West Texas Intermediate (WTI) oil price remains subdued after registering over 5.5% losses in the previous day, trading around $85.00 per barrel during the Asian hours on Friday.
Euro strengthens as ECB hikes interest rates for first time since 2023
The EUR/USD pair gathers strength to around 1.1575 during the early Asian trading hours on Friday. The Euro (EUR) edges higher against the US Dollar (USD) on the European Central Bank (ECB) interest rate hike and improved risk sentiment.
Gold rebounds to near $4,250 amid easing US-Iran tensions
Gold price (XAU/USD) trades in positive territory near $4,240 during the early Asian session on Friday. The precious metal rebounds from a six-month low after US President Donald Trump said he canceled planned military strikes against Iran, fueling hopes that a US-Iran truce deal is close.
GBP/JPY Price Forecast: Consolidates as intervention woes cap upside
The Pound Sterling ended Thursday’s session almost flat at around 214.70 as market sentiment fluctuated but ultimately improved after US President Donald Trump cancelled attacks and hinted at a possible deal in place. The GBP/JPY traded with gains of almost 0.04%.
New Zealand Business NZ PMI down to 49.9 in May from previous 50.5
New Zealand Business NZ PMI down to 49.9 in May from previous 50.5
British Pound Sterling banks a peace rally as the bills come due
The British Pound spent most of Thursday doing what everything else did, leaking lower while Washington and Tehran traded fire, then exploding higher when President Trump canceled the evening's planned strikes just after 17:30 GMT and declared a deal all but done.
WTI retreats to $ 85 amid renewed optimism over the end of the Middle East conflict
West Texas Intermediate (WTI) trades around $85 early in the Asian session on Friday, its lowest since mid-April. The black gold fell alongside the US Dollar (USD) following a proclamation from United States (US) President Donald Trump announcing a settlement of war with Iran.
Japanese Yen gets a rescue Tokyo did not pay for
USD/JPY spent the entire session glued to the area around 160.50, and it took the cancellation of a war, rather than anything out of Tokyo, to finally knock it lower.
Australian Dollar rallies on a peace deal missing one signature
The Australian Dollar spent most of Thursday pinned beneath the 0.7000 handle while Washington and Tehran traded fire for a second straight day.
"Iran agreement is in final shape": US President Trump signals de-escalation
United States (US) President Donald Trump said on Thursday that he has canceled planned military strikes against Iran as negotiators are close to reach an agreement on the final elements of a deal." The documents are pretty final shape, so we'll see," he said during an event at the Oval Office.
Chinese Yuan: Oil shock and reserves strategy shape Yuan – Commerzbank
Commerzbank analysts report that USD/CNY is trading near 6.78, with their model implying a slightly stronger PBoC fixing versus the previous day. The Yuan is being influenced by China’s decision to tap domestic oil reserves rather than bid aggressively in global markets.
Gold surges as Trump signals weekend Iran accord
Gold prices rally sharply on Thursday after US President Donald Trump revealed that the US and Iran are close to agreeing on a deal, which weakened the US Dollar and underpinned the yellow metal, trimming some of Wednesday’s losses. The XAU/USD trades at $4,212, up 3.50%
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