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GBP/USD gains ground to around 1.3350 in Friday’s early Asian session.  US job growth slowed sharply in June.  Markets see a 90% chance of a BoE hike by year-end. The GBP/USD pair trades with mild gains near 1.3350 during the early Asian trading hours on Friday. The US Dollar (USD) edges lower against the British…

On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8047 compared to the previous day’s fix of 6.8088 and 6.7808 Reuters estimate. PBOC FAQs What does the People’s Bank of China do? The primary monetary policy objectives of the People’s Bank of China (PBoC) are…

Japan’s Finance Minister Satsuki Katayama said on Friday that officials are ready to act appropriately on currency fluctuations. However, Katayama decllined to comment on specific currency levels. Key quotes Won’t comment on specific currency levels. Ready to act appropriately on currency fluctuations.  To implement suitable economic policy, oversee developments.  Coordinating closely with US on forex, even…

USD/JPY turns lower for the second straight day following a modest Asian session uptick. A shift in Japan’s intervention tactics underpins the JPY and weighs on the currency pair. Receding Fed hike bets offset geopolitical risks and keep the USD bulls on the defensive. The USD/JPY pair attracts fresh sellers following a modest Asian session…

WTI declines as US-Iran diplomatic breakthroughs eased supply fears and restored commercial shipping through the vital Strait of Hormuz. Doha talks significantly lowered the geopolitical risk premium that previously kept energy prices elevated. Saudi crude exports rebounded to ninety percent of pre-war levels as more tankers successfully navigated the recovered Strait of Hormuz. West Texas…

EUR/USD drifts lower to around 1.1420 in Friday’s early Asian session. Traders reduce their bets on ECB rate hikes after softer Eurozone inflation data. US Nonfarm Payrolls missed expectations, rising by 57,000 in June. The EUR/USD pair declines to around 1.1420 during the early Asian session on Thursday, pressured by a soft Eurozone inflation outlook….

AUD/USD spiked to the top of its recent range after a weak US jobs report, then handed most of it back to close just above its 200-day average. The Reserve Bank of Australia remains among the more hawkish major central banks, yet the currency cannot turn that into a lasting bid. China services data, US…