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Canadian Dollar steadies at 1.3800 awaiting employment data from US and Canada
The Canadian Dollar (CAD) holds minor losses against the US Dollar (USD) on Friday, as the USD/CAD pair trades just above 1.3800 after bouncing from two-week lows at 1.3765.
Fri, Sep 4
India FX Reserves, USD: $740.8B (August 24) vs $729.33B
Fri, Sep 4
US Dollar: Short-term downside risks – ING
ING’s Chris Turner notes that dovish comments from Federal Reserve official Christopher Waller have pushed US yields and the Dollar lower, while supporting equities and high-yielding FX.
Fri, Sep 4
AUD/USD Price Forecast: On track to revisit four-year high near 0.7280
The Australian Dollar (AUD) trades marginally higher at around 0.7203 against the US Dollar (USD) during the European trading session on Friday. The Aussie pair is broadly firm as the US Dollar remains under pressure, with traders reassessing Federal Reserve (Fed) interest rate expectations.
Fri, Sep 4
Gold pauses after two-day recovery as US NFP looms
Gold (XAU/USD) moves quietly on Friday after two straight days of gains, as traders appear reluctant to take fresh positions ahead of the US Nonfarm Payrolls (NFP) report at 12:30 GMT.
Fri, Sep 4
Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand
Zcash (ZEC) rally advances above $1,000 on Friday, maintaining its strong bullish momentum.
Fri, Sep 4
British Pound pulls back from session highs as BoE Bailey tames rate hike hopes
The British Pound (GBP) has retreated from session highs just below 1.3550 against the US Dollar (USD) during the London trading session, returning to levels near 1.3520 and turning negative on the daily chart.
Fri, Sep 4
Australian Dollar edges higher vs Yen as RBA tightening bets meet BoJ normalization hopes
AUD/JPY advances on Friday and trades around 112.65 at the time of writing, up 0.39% on the day.
Fri, Sep 4
Bitcoin Weekly Forecast: Gearing up for a sharp move
Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move.
Fri, Sep 4
Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows
Cryptocurrency prices are generally taking a breather at the time of writing on Friday, with Bitcoin (BTC) edging lower toward $80,000. This correction follows the sharp move to highs at $81,269 the previous day, underpinning renewed investor appetite.
Fri, Sep 4
BoE's Bailey defends central bank flexibility, warns of bond market pressures
Bank of England (BoE) Governor Andrew Bailey said on Friday that monetary policymakers have some discretion over how quickly they bring inflation back to target, while stressing that returning inflation to the target remains imperative.
Fri, Sep 4
Canadian Dollar: Data volatility guides Bank of Canada – Commerzbank
Commerzbank analysts Norman Liebke and Michael Pfister report that the Bank of Canada kept its policy rate at 2.25% but adopted a more hawkish tone as inflation risks rise from higher energy prices and trade tensions with the US.
Fri, Sep 4
Gold Price Forecast: XAU/USD recovery stalls below $4.500 awaiting US Nonfarm Payrolls
Gold (XAU/USD) trades flat at the $4,470 area on Friday, as the previous two days’ rebound from $4,280 failed to find acceptance above the $4,500 psychological area.
Fri, Sep 4
US Dollar Index: Two-way risks within bearish channel – OCBC
OCBC’s Christopher Wong notes that the Dollar Index (DXY) has eased alongside lower UST yields after Fed Governor Waller signalled a preference to keep rates unchanged in September if disinflation persists.
Fri, Sep 4
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $66.67 per troy ounce, down 0.46% from the $66.98 it cost on Thursday.
Fri, Sep 4
Indian Rupee: Rate hike path supports currency – Societe Generale
Societe Generale strategists note that the Indian Rupee (INR) rallied to its strongest level against the US Dollar (USD) since late June, helped by active RBI intervention and sizeable FX mobilisation flows.
Fri, Sep 4
Experts agree: US-Iran tensions are far from over as Hormuz risks return
West Texas Intermediate (WTI), futures on NYMEX, drops to near $88.65 while struggling to move above the $90 mark during the European trading session on Friday.
Fri, Sep 4
Japanese Yen: Stronger yen driven by fundamentals – MUFG
MUFG’s Lee Hardman notes that the Japanese Yen (JPY) has strengthened sharply, pushing USD/JPY back towards the 155.00 support level that has held several times this year.
Fri, Sep 4
British Pound: Budget risks weigh on Sterling – Rabobank
Rabobank’s Senior FX Strategist Jane Foley highlights that the British Pound (GBP) is vulnerable as global bond market pressure focuses on high-debt countries facing elections or budget talks.
Fri, Sep 4
Eurozone Retail Sales declines unexpectedly 0.6% MoM in July
Eurozone Retail Sales contracted at a 0.6% pace Month-on-Month (MoM) in June, while they were anticipated to rise by 0.3%.
Fri, Sep 4
