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Summary:USD/CNH remains range-bound as the People's Bank of China (PBoC) continues to support the yuan with stronger daily fixings. Safe-haven demand for the US dollar is offsetting pressure from softer US inflation and expectations of a less aggressive Federal Reserve.
Forex
Strong U.S. retail sales and resilient jobless claims reinforce the Fed's cautious stance. Explore the latest outlook for DXY, EUR/USD and GBP/USD.
The Pound to Australian Dollar (GBP/AUD) exchange rate briefly climbed to a one-week high on Thursday before easing back as investors locked in profits following Sterling's recent rally. At the time of writing, GBP/AUD was trading at AU$1.9294, having retreated from an earlier high of AU$1.9353.
British Pound: Pullback pauses within near-term range against US Dollar – UOB
AUD/USD Price Forecast: More upside likely amid stabilization above 20-day EMA
Euro: Looking for direction against US Dollar – Commerzbank
The Pound to Dollar (GBP/USD) exchange rate weakened on Thursday as escalating conflict in the Middle East drove investors towards the safe-haven US Dollar despite another positive UK political development. At the time of writing, GBP/USD was trading at $1.3499, down around 0.3% on the day.
USD/JPY Price Forecast: Trades near 162.50 after breaking above nine-day EMA
$55: New YTD low for Silver price
Pound Sterling Price News and Forecast: GBP/USD softens to near 1.3470 in Friday's Asian session
EUR/USD Price Forecast: Stays pressured below mid-1.1400s after failing near 200-SMA on H4
Saudi Arabia Gold price today: Gold rises, according to FXStreet data
Philippines Gold price today: Gold rises, according to FXStreet data
United Arab Emirates Gold price today: Gold rises, according to FXStreet data
Pakistan Gold price today: Gold rises, according to FXStreet data
AUD/JPY Price Forecast: Softens below 113.50 on fresh intervention rhetoric, while staying bullish
India Gold price today: Gold rises, according to FXStreet data
Malaysia Gold price today: Gold rises, according to FXStreet data
Gold recovers from monthly low; hawkish Fed outlook and firm USD to limit gains
Gold and silver remain under pressure as rising oil prices, higher Treasury yields, and a stronger US dollar increase the risk of further declines toward key support levels.
