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USD/JPY rises past 160.00 on Mideast tensions, yen weakens
The USD/JPY pair climbed further beyond 160.00 during Asian trading on Friday, moving away from a one-week low as escalating Middle East tensions undermined the Japanese yen.
Indonesian Rupiah Declines as US-Iran Military Tensions Rise
The Indonesian rupiah weakened against the US dollar, with USD/IDR trading around 17,950 during Asian hours on Friday. Renewed military friction between the US and Iran boosted safe-haven demand for the greenback.
Gold Price Forecast: Downside Risks Persist with Bear Cross
Gold prices returned to negative territory on Friday after a short-covering rally above $4,200. The metal faces a bear cross and is on track for a second consecutive weekly loss, with YTD lows near $4,000 in focus.
Gold Weakens as Iran Deal Uncertainty and Hawkish Fed Support USD
Gold (XAU/USD) stalled its recovery from multi-month lows after a brief Asian session uptick to the $4,246-$4,247 region, pressured by geopolitical uncertainty and a firm US dollar.
EUR/USD Trades Lower, Needs 20-Day SMA Break for Recovery
EUR/USD slipped to 1.1567 during European trade on Friday as the US dollar rebounded slightly. Analysts note that a sustained recovery would require a break above the 20-day simple moving average.
Ripple and Bitso Bring MXN-Backed Stablecoin MXNB to XRP Ledger
Ripple and Bitso have expanded their partnership, integrating Bitso's MXN-backed stablecoin MXNB onto the XRP Ledger to facilitate enterprise stablecoin settlement across Latin America.
US Dollar Index Rises Above 99.50 on Middle East Tensions, Hot PPI
The US Dollar Index (DXY) trades near 99.80 during Asian hours on Friday, buoyed by escalating Middle East uncertainty and stronger-than-expected US PPI data.
EUR/JPY Holds Gains Near 185.50, Bullish Bias Prevails
EUR/JPY traded around 185.40 during Asian hours on Friday, maintaining a constructive bullish bias after minor losses the previous day. The cross remains above both the 9-day and 50-day exponential moving averages.
Silver Price Slips to Near $67.00 as Middle East Tensions Flare
Silver (XAG/USD) edged lower to around $67.00 during Asian trading on Friday, giving back some of the previous day’s 6% gain as fresh military friction in the Middle East dampened diplomatic optimism.
NZD/USD Slides Toward 0.5800 as Iran Risks Bolster USD, Offset Hawkish RBNZ
The New Zealand dollar weakened against the US dollar on Friday, approaching the 0.5800 level as safe-haven demand from Iran-related tensions lifted the greenback, countering the Reserve Bank of New Zealand's hawkish stance.
AUD/USD Dips Below 0.7050 as US PPI Boosts Dollar
The Australian Dollar weakened against the US Dollar after US wholesale prices rose more than expected, pushing AUD/USD to around 0.7030 during Asian trading.
US Intercepts Iranian Drones Near Strait of 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 in the waterway, Fox News reported.
Canadian Dollar Weakens as USD/CAD Extends Gains to 1.3980
USD/CAD rose to 1.3980 during Asian hours on Friday, extending gains for a second day as the Canadian Dollar weakened despite easing risk aversion. However, resistance may emerge if the US Dollar is sidelined by geopolitical developments.
Japan's Katayama: No Impact on BoJ Policy Meeting Despite Ueda's Hospitalization
Japan's Finance Minister Satsuki Katayama stated that the Bank of Japan's monetary policy meeting scheduled for June 15-16 will proceed as planned, even though Governor Kazuo Ueda is hospitalized with a liver infection.
PBOC sets USD/CNY reference rate at 6.8109, lower than previous fix
The People's Bank of China set the USD/CNY central parity rate at 6.8109 on Friday, down from 6.8150 the previous day.
GBP/USD Eases from Weekly High as Iran Risks Weigh, UK Data Ahead
The British pound retreated from its weekly peak against the US dollar during Asian trading, pressured by escalating Iran tensions and anticipation of upcoming UK economic data.
USD/JPY Rises as Hot US PPI Boosts Dollar
USD/JPY rose to near 160.25 in early Asian trading on Friday, supported by hotter-than-expected US PPI data which strengthened the US Dollar against the Japanese Yen.
WTI Holds Near $85 as Trump Signals Possible Iran Deal
WTI crude oil stabilizes around $85.00 per barrel after a 5.5% decline, as former President Trump hints at a potential agreement with Iran that could increase global supply.
US Ground Beef Prices Hit Record $7.06/lb, Up 13% YoY as Cattle Herd Shrinks to 75-Year Low
The average price of US ground beef rose 13% year-on-year in May to a record $7.06 per pound, while steak prices surged 16% to $12.80. The US cattle herd has fallen to its smallest in 75 years, constrained by drought, high production costs, and a screwworm outbreak in Texas.
Euro Strengthens After ECB Hikes Rates for First Time Since 2023
The euro rose against the dollar to around 1.1575 on Friday after the European Central Bank raised interest rates for the first time since 2023, with improved risk sentiment also supporting the move.
Gold Rebounds from 6-Month Low as Trump Cancels Iran Strikes
Gold prices rose near $4,240 during early European trading Friday, recovering from a six-month low after US President Trump canceled planned military strikes on Iran, boosting hopes for a truce deal.
GBP/JPY Consolidates Near 214.70 as Intervention Worries Cap Upside
The Pound Sterling ended Thursday almost flat near 214.70, with market sentiment improving after US President Donald Trump cancelled attacks and hinted at a possible deal. However, intervention concerns continue to limit further gains in GBP/JPY.
Turnaround Tuesday Pattern Explained as Weekend Fear Cycle
The frequently cited 'Turnaround Tuesday' pattern is not merely a market cliché but a manifestation of the weekend fear cycle, according to trading commentary.
Big Tech's AI Push Drives Record $159B Corporate Bond Issuance
Alphabet, Amazon, Meta, Microsoft, and Oracle have issued a record $159 billion in corporate bonds in 2026, already surpassing the full-year 2025 total by 47% and exceeding the combined $150 billion issued from 2020 to 2024. AI-related global debt issuance is expected to double to about $570 billion in 2026.