Trading news

NZD/USD loses ground for the third consecutive day, trading around 0.5880 during the Asian hours on Friday. The New Zealand Dollar (NZD) remains subdued against the US Dollar (USD) following the domestic trade balance data.

The Silver price (XAG/USD) gains ground to around $41.90 during the Asian trading hours on Friday. The white metal finds support from the US Federal Reserve (Fed) rate cuts.

The Japanese Yen (JPY) remains on the back foot after data released during the Asian session on Friday showed that Japan's core consumer prices rose at the slowest pace in nine months during August.

The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Friday, extending its losses for the third successive session. The AUD/USD pair remains subdued as the US Dollar gains support after the release of the United States (US) Weekly Initial Jobless Claims on Thursday.

On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1128 compared to the previous day's fix of 7.1085 and 7.1174 Reuters estimate.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.20 during the early Asian trading hours on Friday. The WTI drifts lower amid concerns over the health of the US economy.

The Gold price (XAU/USD) trades in negative territory for the second consecutive day near $3,640 during the early Asian session on Friday. The precious metal edges lower after reaching a record high in the previous session due to some profit-taking and a firmer US Dollar (USD). 

Japan Foreign Investment in Japan Stocks down to ¥-2034B in September 12 from previous ¥108.6B

Japan Foreign Investment in Japan Stocks down to ¥-2B in September 12 from previous ¥108.6B

Japan National CPI ex Food, Energy (YoY) dipped from previous 3.4% to 3.3% in August

Japan National Consumer Price Index (YoY): 2.7% (August) vs previous 3.1%

Japan National CPI ex Fresh Food (YoY) in line with forecasts (2.7%) in August

GBP/USD tumbled backwards on Thursday, falling a little over one-half of one percent and pushing the Pound Sterling (GBP) back below the key 1.3600 handle against the US Dollar (USD) after a brief spat above the major technical level.

US President Donald Trump said that he could further extend his trade truce with Chinese President Xi Jinping when the leaders speak on Friday, in addition to brokering a sale for TikTok’s US operations, Bloomberg reported late Thursday.

The USD/JPY pair gains traction near 147.95 during the early Asian session on Friday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) after the Federal Reserve (Fed) delivered an expected rate cut but signaled no rush to lower borrowing costs quickly in the coming months.

United Kingdom GfK Consumer Confidence registered at -19, below expectations (-18) in September

The Bank of Japan (BoJ) is widely expected to leave its benchmark interest rate unchanged at 0.5% after concluding its two-day September monetary policy meeting on Friday.

New Zealand Exports declined to $5.94B in August from previous $6.71B

New Zealand Trade Balance NZD (MoM) came in at $-1185M below forecasts ($-746M) in August

New Zealand Imports fell from previous $7.28B to $7.12B in August