31+ min ago  (540+ words) USD/CAD reverses its intraday gains on Friday as a softer US Dollar (USD) helps the Canadian Dollar (CAD) recover from weakness driven by softer-than-expected Gross Domestic Product (GDP) figures. At the time of writing, the pair trades around 1. 3780 after…...

46+ min ago  (348+ words) The AUD/USD pair advances toward the 0. 7180 region on Friday as the United States (US) Dollar (USD) remains under pressure amid improving market sentiment linked to renewed hopes for a longer-lasting ceasefire agreement between the US and Iran. Investor sentiment…...

1+ hour, 23+ min ago  (502+ words) Gold (XAU/USD) dropped to its lowest level in two months but managed to erase a large portion of its weekly losses. Investors await the next batch of high-impact economic data releases from the United States (US), while contradicting headlines…...

1+ hour, 15+ min ago  (880+ words) The British Pound (GBP) reversed course and posted a weekly loss against the US Dollar (USD), with 1. 3500 remaining a tough nut to crack for buyers. GBP/USD danced to the whims and fancies of fluid market conditions, thanks to the…...

2+ hour ago  (291+ words) Federal Reserve (Fed) Governor Michelle Bowman said progress on lowering inflation has stalled while discussing the economic outlook and monetary policy in a speech at a conference in Iceland on Friday. Bowman claimed that the longer the Iran war continues,…...

2+ hour, 5+ min ago  (314+ words) Anna Paulson, President of the Federal Reserve (Fed) Bank of Philadelphia, said inflation is a drag on the United States (US) economy while discussing the economic outlook and regional trends at an event hosted by the Chamber of Commerce of…...

2+ hour, 46+ min ago  (384+ words) The US Fed is in a more difficult situation. This is because the recent rise in inflationary pressure has coincided with already elevated inflation. Added to this is recent data pointing to price pressures in services as well. The Fed's…...

3+ hour, 16+ min ago  (244+ words) EUR/USD trades in a tight range around 1. 1650 on Friday, struggling to establish a clear direction. Ongoing uncertainty surrounding the US-Iran ceasefire agreement continues to support safe-haven demand for the US Dollar, limiting the pair's upside potential. GBP/USD remains…...

2+ hour, 39+ min ago  (358+ words) The British Pound (GBP) drifts lower against the US Dollar (USD) on Friday, reaching session lows at 1. 3408 so far, on track for a moderate weekly decline. Bank of England Governor Andrew Bailey has practically discarded any interest rate hike in…...

2+ hour, 56+ min ago  (326+ words) USD/JPY is still trading near 159. 30, leaving the pair close to the 160. 00 area that previously triggered Japanese intervention. The Bo J's current policy setting remains at around 0. 75%, and its next meeting is scheduled for 15-16 Jun, so the rate gap with…...