Market news
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WTI Crude Holds Above $75.50 as Iran Risk Supports; 200-Day SMA in Focus
WTI crude oil stabilized above $75.50 in Asian trading, bouncing from a multi-month low of $72.80 as Iran uncertainty lent support. Traders now eye the 200-day simple moving average as a key technical level.
Swiss Franc Falls as US Rate-Hike Bets Rise, Vance Iran Talks Canceled
The USD/CHF pair rose to around 0.8075, its highest since December 10, 2025, as traders increased bets on US rate hikes and Vice President Vance canceled a trip for talks with Iran.
Indian Rupee Rises on FCNR-B Inflows, Dollar Selling by Exporters
The Indian Rupee extended gains for a second consecutive day against the US Dollar on Friday, supported by FCNR-B inflows and dollar selling by exporters.
GBP/USD Hits Lowest Since April as UK Political Turmoil Weighs
The British pound extended its decline against the U.S. dollar, falling below 1.3200 to a fresh low since April amid ongoing political uncertainty in the UK.
EUR/USD Could Fall to 1.1300 as Dollar Index Rises
The Dollar Index is rising with potential to reach 101-101.50, while EUR/USD may drop to 1.13 if it fails to bounce from 1.14. EURINR and EURJPY also face key technical levels.
Gold Dips Below $4,200 as Hawkish Fed, Iran Tensions Lift Dollar
Gold extended its decline for a third straight session on Friday, slipping below $4,200 and hitting a fresh weekly low, pressured by a stronger US dollar amid hawkish Federal Reserve expectations and escalating uncertainty over Iran.
Silver Falls to $64.40 as Fed Rate Hike Odds Weigh
Silver price extended losses for a third day, trading near $64.40 per ounce on Friday, pressured by expectations of further Federal Reserve rate hikes.
Gold Hits Weekly Low Near $4,175 as Sellers Dominate Despite US-Iran Peace Deal
Gold prices fell to fresh weekly lows around $4,175 in Asian trading on Friday, extending the bearish run for a third consecutive week. The US-Iran peace deal has failed to support the metal, leaving it in a lose-lose situation.
JD Vance postpones US-Iran talks in Switzerland
Vice President JD Vance has postponed his planned trip to Switzerland for US-Iran talks, initially expected to begin Friday, due to Iranian claims regarding Lebanon.
Andy Burnham Wins By-Election, Sets Stage for Potential Labour Leadership Challenge
UK Labour's Andy Burnham won the Makerfield by-election on Friday, positioning himself to potentially challenge Prime Minister Keir Starmer for party leadership, according to CNN.
US Dollar Index Holds Near 101.00 on Hawkish Fed Outlook
The US Dollar Index (DXY) traded near 101.00 after two consecutive days of gains, supported by a hawkish Federal Reserve stance. It was around 100.83 during Asian hours.
JD Vance Casts Doubt on Switzerland Trip Amid Iran Talks Uncertainty
U.S. Vice President JD Vance indicated his planned trip to Switzerland may not proceed as uncertainty around U.S.-Iran negotiations grows, with reports that Tehran has suspended participation in the 60-day talks.
EU Moves to Toughen Trade-Defense Tools Against China
European leaders have asked the European Commission to develop stronger trade-defense tools to counter China's state-backed industrial overcapacity, subsidies, and economic coercion.
Australian Beef Hit With 55% China Tariff After Quota Filled
China's safeguard quota for Australian beef imports has been fully utilized, triggering an additional 55% tariff on shipments entering China through the remainder of 2026.
NZD/USD Falls to Fresh Low Since April on Hawkish Fed
The New Zealand dollar dropped to its lowest level since April 8 against the US dollar, extending losses for a third straight day as hawkish Federal Reserve expectations continue to support the greenback.
AUD/USD Softens Near 0.7000 as US VP Cancels Iran Talks
The Australian Dollar edged lower to around 0.7010 against the US Dollar during Asian trading on Friday, following reports that US Vice President JD Vance called off a trip to Switzerland for talks with Iran. The cancellation has heightened geopolitical uncertainty, weighing on the Aussie.
BoJ's Himino Says Price Rises Reflect Both Supply and Demand Factors
Bank of Japan policymaker Kazuo Himino stated that recent price increases are driven not only by supply pressures but also by demand strength from corporate profits, wage gains, and AI-related demand.
USD/CAD Extends Gains as Oil Drop Weighs on Canadian Dollar
USD/CAD rose for a third day, trading around 1.4140, as lower oil prices pressured the commodity-linked Canadian Dollar.
US Crypto Negotiators Push to Finalize Clarity Act Before August Recess
Bipartisan lawmakers are racing to finalize the Clarity Act market structure bill before the August recess, with the Senate Agriculture Committee taking a central role in jurisdiction talks.
Yen Rebounds from Two-Year Low vs USD as BoJ Hike Bets Counter Weaker CPI
The Japanese yen is recovering from a two-year low against the U.S. dollar, with the USD/JPY pair pulling back from the 161.80 area. Market expectations for a Bank of Japan rate hike are offsetting softer domestic inflation data.
WTI Falls to Near $75 as Hormuz Shipping Conditions Improve
West Texas Intermediate crude oil edged lower during Friday’s Asian session, slipping to around $75.10 per barrel as improved shipping conditions in the Strait of Hormuz eased supply concerns.
Japan's Finance Minister Warns of Action on Speculative FX Moves
Finance Minister Satsuki Katayama stated the government is ready to take strong measures against speculative foreign exchange activity.
EUR/USD Edges Higher After US-Iran Preliminary Deal
The euro drifted above 1.1450 as the US and Iran signed an initial agreement to end hostilities, snapping a two-day losing streak.
BoJ Deputy Governor: Central bank likely to keep hiking rates based on trends
Bank of Japan Deputy Governor Himino stated that the central bank will likely continue raising interest rates depending on economic, price, and financial developments. He also noted that currency moves could influence inflation expectations and core inflation.