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The Japanese Yen (JPY) is up against the US Dollar (USD) on Friday, with the USD/JPY pair edging lower and trading at around 147.25 following the publication of US employment figures.The Japanese currency rallied slightly, benefiting from a weaker USD, but it remains trapped in a climate of uncertainty.Investors are looking ahead to Monday’s internal vote of the Liberal Democratic Party (LDP), which could pave the way for a new leadership contest and threaten the position of Prime Minister Shigeru Ishiba.Meanwhile, markets continue to scrutinize signals from the Bank of Japan (BoJ), as rising wages and stubborn inflation maintain expectations…
The GBP/USD price analysis indicates caution ahead of the US monthly employment report. Economists predict a 75,000 US job addition in August. Experts believe yields will remain elevated. The GBP/USD price analysis indicates caution ahead of the US monthly employment report. Meanwhile, the dollar remains fragile after more downbeat jobs figures on Thursday. On the other hand, worries about the UK’s fiscal health have kept pressure on the pound. The US will release its crucial employment report later in the day. Economists predict an addition of 75,000 jobs in August. Meanwhile, the unemployment rate could come in a 4.3%. If…
The Indian rupee slid to yet another all-time low on Friday, touching 88.36 mark against the US dollar. The depreciation came on the back of persistent foreign portfolio outflows and growing unease over the resurgence of global trade frictions.“After already slapping steep tariffs on Indian goods, fresh buzz in the market suggested that the US could be mulling curbs on IT services, outsourced processes, and remote work. While unconfirmed, such speculation rattled traders, given the crucial role of services exports in cushioning India’s current account,” says Amit Pabari, MD at CR Forex. Adding fuel to the fire, US President Donald…
The Indian rupee hit a lifetime low on Friday, pressured by worries over U.S. tariffs, leaving traders on edge even as likely central bank intervention helped limit losses. The Asian currency fell 0.14% to 88.2650 against the U.S. dollar, from 88.1450 in the previous session. Friday’s move ended a volatile week, during which the rupee largely stayed below the 88-mark, weighed down by persistent portfolio outflows and U.S. tariff-related uncertainties.Washington imposed a 50% tariff on key Indian exports from August 27 over what the White House sees as India’s opportunistic purchases of cheap Russian oil. The rupee, which slipped past…
The USD/CAD outlook suggests growing concerns about the US labor market. Private employment in the US increased by 54,000 in August. The Fed will likely be more dovish than the Bank of Canada in the future. The USD/CAD outlook suggests growing concerns about the US labor market, which is driving up expectations for a Fed rate cut. Meanwhile, a Reuters poll revealed that economists expect the Canadian dollar to gain in the next twelve months. –Are you interested in learning more about forex indicators? Check our detailed guide- Data on Thursday revealed that private employment in the US increased by…
The rupee rose 1 paisa to 88.11 against the US dollar in early trade on Friday on the back of a weaker greenback and a drop in global crude oil prices. However, sustained FII outflows capped further gains in the local unit, according to forex traders. Positive sentiments in the domestic equity markets further lent support to the rupee, which had slipped to its record low-level earlier this week, they said. At the interbank foreign exchange, the rupee opened at 88.11 against the US dollar and then slipped to 88.15 before returning to 88.11, up 1 paisa from its previous…
Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that US labor market might be deteriorating, adding that there is a bit of wait-and-see because of uncertainty.Key quotesLabor market might be deteriorating.Inflation might be picking back up.There is a bit of wait and see because of the uncertainty.Rates are better indicators for labor market than raw job growth.Market reactionAt the time of press, the US Dollar Index (DXY) was down 0.01% on the day at 98.28. Fed FAQs Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster…
USD/JPY trades flat around 148.50 in Friday’s early Asian session. ADP and Initial Jobless Claims data indicated a weakening labor market. The US August NFP report will be closely watched later on Friday. The USD/JPY pair flat lines near 148.50 during the early Asian session on Friday. Traders prefer to wait on the sidelines ahead of the crucial US economic data. The highly anticipated Nonfarm Payrolls (NFP) for August will take center stage later on Friday.Data released on Thursday showed that the US Initial Jobless Claims increased more than expected last week, consistent with softening labor market conditions. Additionally, the ADP National Employment…
USD/CHF trades at 0.8056, stuck between 0.8050–0.8100 range as buyers and sellers lack clear control.Bears eye 0.7985 August low for downside extension, while bulls target 0.8104 and 100-day SMA at 0.8123.RSI hovers at neutral 50; Nonfarm Payrolls seen as decisive trigger for next directional breakout.The USD/CHF remains steady at around the 50-day Simple Moving Average (SMA) of 0.8051, consolidates at around the 0.8050-0.8100 figure for the fourth straight day. At the time of writing, the pair trades at 0.8056 up 0.01%.USD/CHF Price Forecast: Technical outlookPrice action shows that neither buyers nor sellers are in control as the USD/CHF meanders around…
US President Donald Trump signed an executive order implementing his trade agreement with Japan, which calls for a maximum 15% tax on most of Japan’s imports, including automobiles and parts, Bloomberg reported late Thursday. The White House further stated that Japan is working toward the expedited implementation of a 75% increase in US rice procurements. The 15% tax applies retrospectively to most items shipped beginning August 7, when the US president’s tariffs on dozens of trade partners went into effect. Relief for aerospace and automobile imports would take effect within 7 days after Thursday.Market reactionAt the time of press, the USD/JPY pair was down…