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EUR/USD edges lower to mid-1.1300s; looks to US PCE Price Index for fresh impetus
EUR/USD edges lower to mid-1.1300s; looks to US PCE Price Index for fresh impetus
The EUR/USD pair struggles to capitalize on the previous day's solid bounce from the 1.1200 neighborhood, or a one-and-a-half week low, and trades with a mild negative bias during the Asian session on Friday.
EURUSD
TradeWar
Fed
Inflation
Currencies
USD/INR edges lower ahead of India GDP, US PCE releases
USD/INR edges lower ahead of India GDP, US PCE releases
The Indian Rupee (INR) gains ground on Friday, snapping the three-day losing streak. The downbeat US economic data and concerns that a US court ruling would change the outlook for US tariffs undermine the US Dollar (USD).
USDINR
India
SEO
Macroeconomics
EmergingMarkets
Japanese Yen trims part of intraday gains; up a little against rebounding USD ahead of US PCE
Japanese Yen trims part of intraday gains; up a little against rebounding USD ahead of US PCE
The Japanese Yen (JPY) builds on a sharp recovery from a two-week low touched against its American counterpart the previous day and attracts strong follow-through buyers for the second straight day on Friday.
USDJPY
TradeWar
Inflation
BOJ
SEO
Trump will be speaking on Friday, on Musk at 1.30pm, then on US Steel after markets close
Trump will be speaking on Friday, on Musk at 1.30pm, then on US Steel after markets close
A couple of notable speaking events for Trump on Friday, May 30, 2025
Politics
SPX
Trump administration considers allowing tariffs of up to 15% for 150 days – WSJ
Trump administration considers allowing tariffs of up to 15% for 150 days – WSJ
Citing people familiar with the matter, the Wall Street Journal (WSJ) reported late Thursday, “US President Donald Trump's administration is considering an existing law that includes language allowing for tariffs of up to 15% for 150 days.”
UnitedStates
TradeWar
China
DollarIndex
Australian Dollar posts losses as traders adopt caution ahead of US PCE inflation data
Australian Dollar posts losses as traders adopt caution ahead of US PCE inflation data
The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Friday, retracing its recent gains from the previous session. The AUD/USD pair remains subdued following the release of disappointing economic data from Australia.
AUDUSD
SEO
Majors
Macroeconomics
Australia
Japan’s Trade Negotiator Akazawa plans to meet Bessent for trade talks
Japan’s Trade Negotiator Akazawa plans to meet Bessent for trade talks
Japan’s Chief Trade Negotiator and Economy Minister Ryosei Akazawa said on Friday that he “plans to meet US Treasury Secretary Scott Bessent and others for Japan-US tariff talks.”
Japan
USDJPY
TradeWar
UnitedStates
Australia’s Retail Sales decline 0.1% MoM in April vs. 0.3% expected
Australia’s Retail Sales decline 0.1% MoM in April vs. 0.3% expected
Australia’s Retail Sales, a measure of the country’s consumer spending, declined 0.1% MoM in April, compared to a rise of 0.3% in March, the official data published by the Australian Bureau of Statistics (ABS) showed on Friday.
Australia
RetailSales
Macroeconomics
PBOC sets USD/CNY reference rate at 7.1848 vs. 7.1907 previous
PBOC sets USD/CNY reference rate at 7.1848 vs. 7.1907 previous
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1848 as compared to the previous day's fix of 7.1907 and 7.1859 Reuters estimate.
USDCNY
PBOC
CentralBanks
Currencies
USD/CAD softens to near 1.3800 ahead of US PCE, Canadian GDP releases
USD/CAD softens to near 1.3800 ahead of US PCE, Canadian GDP releases
The USD/CAD pair trades in a negative territory around 1.3810 during the early Asian session on Friday. The concerns that a US court ruling would change the outlook for US tariffs weigh on the Greenback.
Fed's Logan: Monetary policy in a good place
Fed's Logan: Monetary policy in a good place
Federal Reserve Bank of Dallas President Lorie Logan gave opening remarks and participated in a moderated conversation before the Greater Waco Member Appreciation event.
Fed
CentralBanks
UnitedStates
Macroeconomics
BoJ’s Ueda: We are aware of firm's aggressive price, wage-setting behavior continuing
BoJ’s Ueda: We are aware of firm's aggressive price, wage-setting behavior continuing
Bank of Japan (BoJ) Governor Kazuo Ueda said on Friday that the BoJ's financial position won't affect its short-term rate decision, which will focus on achieving the price target.
BOJ
Japan
CentralBanks
Macroeconomics
Fed's Daly: Need modestly or moderately restrictive policy to keep bringing inflation down
Fed's Daly: Need modestly or moderately restrictive policy to keep bringing inflation down
Federal Reserve Bank of San Francisco President Mary C. Daly said late Thursday that the central bank needs modestly or moderately restrictive policy to keep bringing down inflation.
Fed
CentralBanks
Macroeconomics
Japanese life insurers cut protection against stronger Yen to fresh 14-year low - Bloomberg
Japanese life insurers cut protection against stronger Yen to fresh 14-year low - Bloomberg
Japanese life insurers cut protection for their foreign assets against a stronger Japanese Yen (JPY) to a fresh 14-year low, signaling subdued expectations of a sustained rally in the JPY, per Bloomberg.
USDJPY
Japan
Exchanges
Macroeconomics
Japan's Tokyo CPI inflation declines to 3.4% YoY in May
Japan's Tokyo CPI inflation declines to 3.4% YoY in May
The headline Tokyo Consumer Price Index (CPI) for May rose 3.4% YoY as compared to 3.5% in the previous month, the Statistics Bureau of Japan showed on Friday.
Japan
CPI
Inflation
Macroeconomics
Tokyo May 2025 headline CPI +3.4% y/y (3.4% expected)
Tokyo May 2025 headline CPI +3.4% y/y (3.4% expected)
Japanese inflation data - Tokyo area CPI indicator
AUD/USD gathers strength to near 0.6450 amid renewed tariff concerns
AUD/USD gathers strength to near 0.6450 amid renewed tariff concerns
The AUD/USD pair gains ground to near 0.6445 during the early Asian session on Friday. The US Dollar (USD) edges lower against the Australian Dollar (AUD) due to the resurgence of trade uncertainty and disappointing US economic data.
AUDUSD
Majors
Macroeconomics
TradeWar
GBP/USD recovers 1.35 ahead of key US inflation data
GBP/USD recovers 1.35 ahead of key US inflation data
GBP/USD made a choppy relief rally on Thursday, jumping back into the 1.3500 handle as markets gear up for the latest batch of United States (US) Personal Consumption Expenditure Price Index (PCE) inflation figures due on Friday.
GBPUSD
TradeWar
Inflation
US Treasury Secretary Bessent: We will stabilize debt-to-GDP by 2028
US Treasury Secretary Bessent: We will stabilize debt-to-GDP by 2028
United States (US) Secretary of the Treasury Scott Bessent stated the Trump administration's intention to "stabilize" the US's debt-to-Gross Domestic Product (GDP) ratio by 2028, and insisted that trade agreements will be announced in the weeks ahead.
UnitedStates
Politics
TradeWar
Bloomberg: Japanese life insurers cut protection against stronger yen to fresh 14-year low
Bloomberg: Japanese life insurers cut protection against stronger yen to fresh 14-year low
Nine of Japan’s biggest life insurers collectively lowered bullish yen wagers tied to their foreign investment holdings
Bonds
JPY
AUD/JPY Price Forecast: Struggles at 93.00 as bears gain steam
AUD/JPY Price Forecast: Struggles at 93.00 as bears gain steam
AUD/JPY loses some ground on Thursday ahead of the beginning of Friday’s Asian session, falls over 0.19%, below the 93.00 figure, yet retains its sideways bias as the cross pair remains above the Ichimoku Cloud (Kumo).
AUDJPY
Technical Analysis
Currencies
Crosses
Us Treas Sec Bessent admits that talks with China are a bit stalled
Us Treas Sec Bessent admits that talks with China are a bit stalled
Bessent "believes" there will be more talks in the next few weeks
US Treas Sec Bessent is speaking on Fox - economical with the truth
US Treas Sec Bessent is speaking on Fox - economical with the truth
Bessent is diminishing his credibility with these comments
Politics
BoE's Bailey: The UK's needs, not tariffs and trade, will be key driver for UK rates
BoE's Bailey: The UK's needs, not tariffs and trade, will be key driver for UK rates
Bank of England (BoE) Governor Andrew Bailey noted late on Thursday that the primary drivers behind the BoE's main reference rate remains the economic needs of the United Kingdom (UK), not external drivers such as the Trump administration's tariff policies.
BOE
CentralBanks
Inflation
InterestRate
Forexlive Americas FX news wrap 29 May: Tariffs off and on again on court rulings
Forexlive Americas FX news wrap 29 May: Tariffs off and on again on court rulings
Forex news for North American trading on May 29, 2025
Session wrap
Wrap Nth America