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The Japanese Yen (JPY) weakens against the US Dollar (USD) on Friday, with USD/JPY rebounding after slipping to two-week lows earlier in the Asian session. The recovery comes as the Greenback regains footing after President Donald Trump softened his rhetoric on China, helping stabilize risk sentiment and lift the Dollar across the board.At the time of writing, USD/JPY is trading around 150.38, erasing intraday losses after bouncing off a session low near 149.38. The move reflects renewed demand for the USD as investors unwind defensive positions heading into the weekend.Speaking on Friday, President Trump said his plan to impose 100%…

Bank of England (BoE) MPC member Megan Greene spoke about inflation dynamics, the global rate path, and risks in currency markets at the annual meetings of the International Monetary Fund and World Bank Group, hosted by the Atlantic Council in Washington, DC. She claimed that slack has opened up in the labor market, making the wage part of the wage-price spiral less likely.Key TakeawaysSlack has opened up in labour market, making wage part of wage-price spiral less likely.Latest rise in uk unemployment is in line with what we were expecting.We should not cut rates every quarter, but rate cutting cycle…

Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem spoke at the Institute of International Finance Annual Membership Meeting in Washington, DC. He said that he could support a path with another rate cut if more risks to jobs emerge and inflation is contained, and that the Fed should not be on a preset course and follow a balanced approach.I could support a path with another cut if more risks to jobs emerge and inflation contained.Fed should not be on preset course and followed balanced approach.Sees limited space before rate cuts would make policy accomodative.Important for Fed to be…

EUR/GBP trades steadily around 0.8700 on Friday at the time of writing, supported by improved political sentiment in France after Prime Minister Sébastien Lecornu survived two no-confidence motions in parliament. The vote outcome eased tensions following weeks of political turmoil, providing temporary support to the Euro (EUR) against the British Pound (GBP).In the United Kingdom (UK), recent data showed the economy expanding slightly, though underlying pressures remain. The Office for National Statistics (ONS) reported on Thursday that Gross Domestic Product (GDP) rose by 0.1% MoM in August after a 0.1% contraction in July, while Industrial Production increased by 0.4% MoM.…

The GBP/USD pair retreats on Friday after hitting its highest level in a week of 1.3471 after US President Donald Trump stated that elevated tariffs on China are “not sustainable.” Consequently, the Greenback printed gains as reflected by the pair, trading above the 1.3415 handle, down 0.12% on the day.Sterling slips after weekly highs as Fed easing bets and US shutdown dominate sentimentIn an interview with Fox Business, Trump added, “I think we’re going to be fine with China, but we have to have a fair deal. It’s got to be fair,” and revealed that he plans to meet with…

EUR/JPY slides 0.25% on Friday, trading around 175.40 at the time of writing, after hitting a two-week low of 174.82 earlier in the day. The Japanese Yen (JPY) is appreciating across the board, supported by remarks from Bank of Japan (BoJ) officials suggesting further policy tightening.BoJ Deputy Governor Shinichi Uchida said on Friday that the Japanese economy is recovering moderately and that the central bank could tighten policy further if its economic outlook is met. These comments echo those from BoJ Governor Kazuo Ueda, who stated on Thursday in Washington that the central bank “will adjust the degree of monetary…

Gold (XAU/USD) is on a record-breaking spree, hitting yet another all-time high near $4,380 on Friday as investors seek a reliable store of value amid geopolitical, economic and fiscal uncertainty. At the time of writing, XAU/USD is trading around $4,292, easing from record highs and down nearly 0.80% on the day. Despite the pullback, the metal remains on track for its ninth consecutive weekly gain.Lingering concerns over the prolonged US-China trade standoff remain a key driver behind Gold’s recent surge as trade tensions continue to cast a shadow over global growth prospects. The rally drew additional fuel after United States…

The rupee pared initial gains and settled for the day lower by 7 paise at 88.03 (provisional) against the US dollar on Friday, weighed down by trade tensions and global uncertainties. Forex traders said renewed foreign fund inflows and lower crude oil prices boosted investor sentiment further and restricted the downfall. At the interbank foreign exchange, the rupee opened below the 88-mark at 87.91 against the greenback, and touched an intraday high of 87.75. The domestic unit finally settled at 88.03 (provisional), registering a fall of 7 paise from its previous close. On Thursday, the rupee appreciated 12 paise to…

The US Dollar keeps heading south against a firmer Swiss Franc amid the risk-off market mood. The pair has breached the 0.7900 level on Friday to hit one-month lows near 0.7870, on track to a 1.15% weekly sell-off.The Greenback is suffering by a combination of investors’ concerns about the consequences pf the escalating trade tensions between IS and China, a protracted US government shutdown, and growing expectations that the Fed might have to accelerate its easing cycle over the coming months.On Thursday, comments by Fed governor Christopher Waller and Stephen Mran pointed in that direction, after the Fed’s Beige Book…

The Reserve Bank of India sold U.S. dollars through state-run banks before the spot market opened on Friday, traders said, repeating its midweek pre-market intervention and underscoring its intent to support the rupee.The RBI’s intervention helped the rupee open firmer against the U.S. dollar despite pre-market signals of weakness. Quotes in the interbank order-matching system had pointed to a possible dip past the 88 level before state-run banks stepped in to sell dollars on the central bank’s behalf.The rupee climbed to a high of 87.75 on the back of the intervention, after settling at 87.82 on Thursday. The currency has…