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USD/CHF extends downside below 0.8350 on soft inflation reports
USD/CHF extends downside below 0.8350 on soft inflation reports
The USD/CHF pair extends the decline to around 0.8340 during the early European session on Friday. Soft US producer prices and consumer inflation weigh on the US Dollar (USD). Later on Friday, investors will focus on the release of the Swiss Producer and Import Prices report for April.
USDCHF
Majors
Macroeconomics
FX option expiries for May 16 NY cut
FX option expiries for May 16 NY cut
FX option expiries for May 16 NY cut at 10:00 Eastern Time via DTCC can be found below.
Options
Currencies
USDCAD
ECB’s Kazaks: Meeting-by-meeting approach is right
ECB’s Kazaks: Meeting-by-meeting approach is right
European Central Bank (ECB) policymaker Martins Kazaks said on Friday that “meeting-by-meeting approach is right.”
CentralBanks
ECB
EURUSD
InterestRate
EUR/JPY Price Forecast: Tests support zone near 162.50, ascending channel’s lower boundary
EUR/JPY Price Forecast: Tests support zone near 162.50, ascending channel’s lower boundary
EUR/JPY extends its losing streak for the third successive session, trading around 162.80 during the Asian hours on Friday. Technical analysis of the daily chart shows the currency cross remains within an ascending channel, suggesting a bullish bias is in play.
EURJPY
Crosses
Technical Analysis
Oil traders: Watch Potential U.S. sanctions Against Russia
Oil traders: Watch Potential U.S. sanctions Against Russia
Should sanctions be enacted, markets can expect volatility in oil prices.
Oil
Politics
ECB’s Villeroy: We are not currently in a currency war but rather a trade war situation
ECB’s Villeroy: We are not currently in a currency war but rather a trade war situation
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday that “we are not currently in a currency war but rather a trade war situation.”
ECB
CentralBanks
EURUSD
InterestRate
China’s Vice President Han: There is ample room for collaboration between US and China
China’s Vice President Han: There is ample room for collaboration between US and China
China's Vice President Han Zheng said on Friday that “there is ample room for collaboration between the US and China.”
China
UnitedStates
TradeWar
DollarIndex
China vice president Han says there is ample room for collaboration between US and China
China vice president Han says there is ample room for collaboration between US and China
The remarks come via state media after China vice president, Han Zheng, met with Invesco chairman, Rick Wagoner
US Dollar Index (DXY) Price Forecast: Seems vulnerable near 100.70; break below 200-period SMA on H4 awaited
US Dollar Index (DXY) Price Forecast: Seems vulnerable near 100.70; break below 200-period SMA on H4 awaited
The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, trades with a negative bias for the second straight day on Friday, though the intraday downtick lacks bearish conviction.
DollarIndex
Technical Analysis
Currencies
India Gold price today: Gold falls, according to FXStreet data
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Friday, according to data compiled by FXStreet.
Gold
Commodities
Metals
India
GBP/USD drifts higher above 1.3300 on softer US Dollar, upbeat UK GDP data
GBP/USD drifts higher above 1.3300 on softer US Dollar, upbeat UK GDP data
The GBP/USD pair edges higher to around 1.3310 during the Asian trading hours on Friday. The Greenback weakens against the Pound Sterling (GBP) as downside surprises in the US economic data this week raise bets of more Federal Reserve (Fed) rate cuts this year.
GBPUSD
Majors
Macroeconomics
EUR/USD rebounds to near 1.1200 ahead of UoM Consumer Sentiment Index release
EUR/USD rebounds to near 1.1200 ahead of UoM Consumer Sentiment Index release
EUR/USD has recovered its daily losses, trading around 1.1200 during the Asian hours on Friday. The pair receives support as the US Dollar (USD) weakens following the recent economic data released on Thursday.
EURUSD
Macroeconomics
Majors
Eurozone
BoJ’s Nakamura: Economic uncertainty heightening, so cautious policy approach necessary
BoJ’s Nakamura: Economic uncertainty heightening, so cautious policy approach necessary
Bank of Japan (BoJ) board member Toyoaki Nakamura said on Friday that “uncertainty over economic outlook heightening, so cautious monetary policy approach is necessary.”
BOJ
USDJPY
CentralBanks
Inflation
Gold price keeps the red amid falling safe-haven demand; holds above $3,200 on softer USD
Gold price keeps the red amid falling safe-haven demand; holds above $3,200 on softer USD
Gold price (XAU/USD) remains depressed through the early European session on Friday and for now, seems to have stalled the previous day's sharp recovery from the $3,120 region, or the lowest level since April 10.
Gold
Commodities
RiskAppetite
Fed
SEO
ForexLive Asia-Pacific FX news wrap: Yen ↑ then ↓, Kiwi ↑, Gold ↓↓↓
ForexLive Asia-Pacific FX news wrap: Yen ↑ then ↓, Kiwi ↑, Gold ↓↓↓
Forex news for Asian trading on Friday, May 16, 2025
Session wrap
Wrap Asia
NZD/USD inches higher to near 0.5900 following Q2 RBNZ Inflation Expectations release
NZD/USD inches higher to near 0.5900 following Q2 RBNZ Inflation Expectations release
NZD/USD halts its two-day losing streak, trading around 0.5890 during the Asian hours on Friday. The pair advances after the release of the Reserve Bank of New Zealand (RBNZ) Inflation Expectations for Q2 2025.
NZDUSD
Majors
Macroeconomics
NewZealand
RBNZ Survey: NZ two-year inflation expectations rise to 2.29% QoQ in Q2 2025
RBNZ Survey: NZ two-year inflation expectations rise to 2.29% QoQ in Q2 2025
New Zealand's (NZ) inflation expectations accelerated on a 12-month and a two-year time frame for the second quarter of 2025, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Friday.
NZDUSD
Inflation
RBNZ
NewZealand
EconomicIndicator
South Korea's finance ministry says the economy faces increasing" downward pressure
South Korea's finance ministry says the economy faces increasing" downward pressure
South Korea's fin min has released its monthly 'Green Book' economic report
Silver Price Forecast: XAG/USD hovers near $32.50 amid US ban news on China’s chip firms
Silver Price Forecast: XAG/USD hovers near $32.50 amid US ban news on China’s chip firms
Silver (XAG/USD) is pulling back from its recent gains seen in the previous session, hovering around $32.50 during Friday’s Asian trading hours.
Silver
XAGUSD
Metals
Macroeconomics
Commodities
Japanese Yen bulls retain control amid BoJ rate hike bets; USD/JPY seems vulnerable near 145.00
Japanese Yen bulls retain control amid BoJ rate hike bets; USD/JPY seems vulnerable near 145.00
The Japanese Yen (JPY) retains its positive bias against a weaker US Dollar (USD) heading into the European session, with the USD/JPY pair struggling to register any recovery from the weekly low touched earlier this Friday.
USDJPY
GDP
BOJ
Fed
SEO
USD/INR climbs on renewed US Dollar demand
USD/INR climbs on renewed US Dollar demand
The Indian Rupee (INR) loses momentum on Friday. The renewed US Dollar (USD) demand from importers and continued foreign fund outflows weigh on the Indian currency.
USDINR
SEO
India
Macroeconomics
EmergingMarkets
ICYMI: Wisconsin sells entire bitcoin ETF position after early bet on BlackRock fund
ICYMI: Wisconsin sells entire bitcoin ETF position after early bet on BlackRock fund
State of Wisconsin Investment Board (SWIB) has exited its position in BlackRock’s iShares Bitcoin Trust ETF (IBIT)
Australian Dollar holds gains as US Dollar struggles ahead of UoM Consumer Sentiment Index
Australian Dollar holds gains as US Dollar struggles ahead of UoM Consumer Sentiment Index
The Australian Dollar (AUD) halts its two-day losing streak against the US Dollar (USD) on Friday. The risk-sensitive AUD/USD pair benefits from easing global trade tensions.
AUDUSD
SEO
Majors
Macroeconomics
Australia
Japan’s Akazawa: Government will continue to demand review of US tariffs
Japan’s Akazawa: Government will continue to demand review of US tariffs
Japan's Economy Minister Ryosei Akazawa said on Friday that the government will continue to demand a review of US tariffs and take all necessary steps to offer liquidity aid to impacted firms. 
Japan
UnitedStates
Macroeconomics
PBOC sets USD/CNY reference rate at 7.1938 vs. 7.1963 previous
PBOC sets USD/CNY reference rate at 7.1938 vs. 7.1963 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1938 as compared to the previous day's fix of 7.1963 and 7.2085 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
WTI declines below $61.50 amid hopes of US-Iran nuclear deal
WTI declines below $61.50 amid hopes of US-Iran nuclear deal
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.20 during the Asian trading hours on Friday. The WTI price edges lower on expectations that the United States (US) and Iran may soon reach a deal over Tehran’s nuclear program.
Oil
WTI
Commodities
Macroeconomics
Japan finmin Kato: Will seek to have a meeting with Bessent, discuss FX and other matters
Japan finmin Kato: Will seek to have a meeting with Bessent, discuss FX and other matters
Kato is really banging the drum on meeting Bessent - the two will be in Canada next week (May 20-22) for the G7 fin min meeting
Japan’s Kato says will discuss FX with US Treasury Secretary Scott Bessent
Japan’s Kato says will discuss FX with US Treasury Secretary Scott Bessent
Japan’s Finance Minister Shunichi Kato said on Friday that he would seek to meet US reasury Secretary Scott Bessent to discuss foreign exchange. Kato added that excessive FX moves damage the Japanese economy.
Japan
UnitedStates
TradeWar
Macroeconomics
Japan’s GDP contracts 0.2% QoQ in Q1 2025 vs -0.1 expected
Japan’s GDP contracts 0.2% QoQ in Q1 2025 vs -0.1 expected
The Japanese economy contracted by 0.2% over the quarter in the first quarter (Q1) of 2025, following a growth of 0.6% in the final quarter of 2024, the preliminary reading released by Japan’s Cabinet Office showed on Friday. Markets expected a 0.1% decline.
Japan
GDP
Macroeconomics
Japan Q1 GDp -0.2% q/q (expected -0.1%)
Japan Q1 GDp -0.2% q/q (expected -0.1%)
Japanese economic (contraction!) growth data for Q1 2025 - very poor result this
Japan finance minister Kato says will discuss FX with Bessent
Japan finance minister Kato says will discuss FX with Bessent
The two will be at the G7 finance ministers/central bankers summit on May 20-22 in Canada
Trump administration split on timing of adding Chinese chipmakers to export blacklist - FT
Trump administration split on timing of adding Chinese chipmakers to export blacklist - FT
The Financial Times reported late Thursday that the Trump administration has planned to put a number of Chinese chipmaking companies on an export blacklist (the “entity list”).
UnitedStates
China
TradeWar
Macroeconomics
EUR/USD whipsaws on Thursday to end right where it started
EUR/USD whipsaws on Thursday to end right where it started
EUR/USD whipsawed on Thursday, briefly dipping back below the 50-day Exponential Moving Average (EMA) and tapping the 1.1000 level for the second time in a week. A late recovery pushed Fiber bids back to where they started the trading day, near the 1.1200 handle.
EURUSD
Inflation
GDP