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Forex Today: US Dollar rally loses steam as focus shifts to inflation data
Here is what you need to know on Friday, September 26:
Fxstreet
Fri, Sep 26
AUD/JPY Price Forecast: Keep bullish vibe above 97.50 on RBA caution
The AUD/JPY cross trades in negative territory around 97.85 during the European trading hours on Friday.
AUD/JPY
Fxstreet
Fri, Sep 26
Silver Price Forecast: XAG/USD holds above $45.00 near fresh 14-year highs
Silver price (XAG/USD) remains near a new 14-year high of $45.29 reached on Friday, trading around $45.20 during the early European hours. The precious metal Silver holds losses after registering nearly 3% gains in the previous session.
Silver
Fxstreet
Fri, Sep 26
EUR/GBP drifts higher to near 0.8750 on UK fiscal concerns
The EUR/GBP cross extends the rally to near 0.8745 during the early European trading hours on Friday. The Euro (EUR) strengthens against the Pound Sterling (GBP) as traders expect an end to the current rate-cutting cycle from the European Central Bank (ECB).
EUR/GBP
Fxstreet
Fri, Sep 26
USD/MXN holds losses near 18.50 following Banxico’s rate cut, US PCE Price Index eyed
USD/MXN depreciates after two days of gains, trading around 18.50 during the Asian hours on Friday.
USD/MXN
Fxstreet
Fri, Sep 26
EUR/JPY trades with mild gains above 174.50 amid softer Japan Tokyo CPI data
The EUR/JPY cross trades in positive territory around 174.80 during the early European session on Friday. The Japanese Yen (JPY) softens against the Euro (EUR) after a slight moderation of consumer inflation in Tokyo.
EUR/JPY
Fxstreet
Fri, Sep 26
GBP/JPY consolidates below 200.00; JPY strength and UK fiscal concerns cap the upside
The GBP/JPY cross lacks any firm intraday directional bias on Friday and seesaws between tepid gains/minor losses, below the 200.00 psychological mark through the Asian session amid mixed cues.
GBP/JPY
Fxstreet
Fri, Sep 26
USD/CHF trades firmly near 0.8000 ahead of US PCE inflation data
The USD/CHF pair demonstrates strength near its over two-week high around 0.8000 during Friday’s late Asian session, posted on Thursday.
USD/CHF
Fxstreet
Fri, Sep 26
EUR/USD strengthens above 1.1650 ahead of US PCE inflation data
The EUR/USD pair recovers some lost ground around 1.1680 during the Asian trading hours on Friday, bolstered by a weaker US Dollar (USD). Markets might turn cautious later in the day ahead of the key US August Personal Consumption Expenditures (PCE) Price Index report.
EUR/USD
Fxstreet
Fri, Sep 26
USD/INR opens flat even as Trump announces tariffs on pharmaceutical imports
The Indian Rupee (INR) opens on a flat note around 88.90 against the US Dollar (USD) on Friday. The USD/INR pair is expected to move higher as United States (US) President Donald Trump has announced fresh tariffs on pharmaceuticals, which will come into effect on October 1.
Fxstreet
Fri, Sep 26
GBP/USD stays near 1.3350 as traders adopt caution due to UK inflation risks
GBP/USD holds ground after two days of losses, trading around 1.3350 during the Asian hours on Friday. The downside of the pair could be restrained as the Pound Sterling (GBP) may gain ground on the United Kingdom’s (UK) inflation risks and the uncertain Bank of England’s (BoE) policy stance.
GBP/USD
Fxstreet
Fri, Sep 26
NZD/USD recovers slightly from mid-0.5700s, lowest since April as USD dips ahead of US PCE
The NZD/USD pair recovers a few pips from its lowest level since April 11, touched during the Asian session earlier this Friday, and climbs to the 0.5770 area in the last hour. Spot prices, for now, seem to have snapped a three-day losing streak, though the upside potential seems limited.
NZD/USD
Fxstreet
Fri, Sep 26
Japanese Yen weakens on BoJ rate hike delay, US tariff worries, ahead of US PCE data
The Japanese Yen (JPY) slides to a fresh low since early August against its American counterpart following the release of softer-than-expected consumer inflation figures from Japan's capital city, Tokyo.
USD/JPY
Fxstreet
Fri, Sep 26
USD/CAD maintains position near 1.3950 ahead of US PCE inflation data
USD/CAD remains stronger for the fifth consecutive day, trading around 1.3940 during the Asian hours on Friday. The pair holds ground near the four-month high of 1.3949, which was recorded on Thursday, after the stronger-than-expected economic data from the United States (US).
USD/CAD
Fxstreet
Fri, Sep 26
Silver Price Forecast: XAG/USD retreats from 14-year highs to below $45.00
Silver price (XAG/USD) attracts some sellers to near $44.80 after reaching its highest in over 14 years during the Asian trading hours on Friday. Traders await the release of the US August Personal Consumption Expenditures (PCE) Price Index data later on Friday for fresh impetus.
Silver
Fxstreet
Fri, Sep 26
Australian Dollar moves little following previous losses of more than half a percent
The Australian Dollar (AUD) holds ground against the US Dollar (USD) on Friday after two days of losses. The AUD/USD pair depreciated as the Greenback received support from the stronger-than-expected economic data from the United States (US).
AUD/USD
Fxstreet
Fri, Sep 26
PBOC sets USD/CNY reference rate at 7.1152 vs. 7.1118 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1152 compared to the previous day's fix of 7.1118.
USD/CNH
Fxstreet
Fri, Sep 26
NZD/USD extends the decline to near 0.5750 ahead of US PCE inflation release
The NZD/USD pair attracts some sellers to around 0.5760 during the early Asian session on Friday. The stronger-than-expected US economic data provide some support to the Greenback against the New Zealand Dollar (NZD).
NZD/USD
Fxstreet
Fri, Sep 26
GBP/USD sinks below 1.3400 on strong US, focus shifts to PCE
The GBP/USD ended Thursday’s session with losses of over 0.78%, seeming poised to test lower prices as a scarce economic docket in the UK would leave traders adrift to dynamics linked to the US Dollar.
GBP/USD
Fxstreet
Thu, Sep 25
EUR/USD dives as strong US data fuels Dollar rally
EUR/USD tumbled sharply below 1.1700 on Thursday, extending its losses below two technical support levels, which opens the door for further downside. Strong jobs market data from the United States (US) pushed the Euro lower. At the time of writing, the pair trades at 1.1667 down 0.60%.
EUR/USD
Fxstreet
Thu, Sep 25
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