Forex News & Analysis

US Dollar Index holds positive ground near 99.50 ahead of US PCE inflation data

2 days ago

By Fxstreet

US Dollar Index holds positive ground near 99.50 ahead of US PCE inflation data

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, edges higher to near 99.40 during the Asian trading hours on Friday.

DollarIndex

Macroeconomics

UnitedStates

BoE’s Taylor: I thought we needed to be on a lower monetary policy path

2 days ago

News Discussion Forum

By Fxstreet

BoE’s Taylor: I thought we needed to be on a lower monetary policy path

Bank of England (BoE) policymaker Alan Taylor told the Financial Times (FT) on Friday, “I thought we needed to be on a lower [monetary] policy path.”

BOE

CentralBanks

InterestRate

GBPUSD

Inflation

WTI remains below $60.50 as US federal appeals court temporarily reinstates Trump tariffs

2 days ago

News Discussion Forum

By Fxstreet

WTI remains below $60.50 as US federal appeals court temporarily reinstates Trump tariffs

West Texas Intermediate (WTI) Oil price extends its losses for the second successive session, trading around $60.30 per barrel during the Asian hours on Friday.

Oil

WTI

Macroeconomics

Majors

Commodities

BoE’s Taylor: Higher inflation not coming from demand and supply pressures

2 days ago

News Discussion Forum

By Forex Live

BoE’s Taylor: Higher inflation not coming from demand and supply pressures

Bank of England

GBP

BOE

Bitcoin Technical Analysis

ForexLive Asia-Pacific FX news wrap: Bessent says US-China talks stalled

2 days ago

News Discussion Forum

By Forex Live

ForexLive Asia-Pacific FX news wrap: Bessent says US-China talks stalled

Forex news for Asian trading on Friday 30 May 2025 - Tokyo CPI rising well above 3%

Session wrap

Wrap Asia

RBNZ’s Silk: Interest rates are in 2.5%-3.5% neutral band

2 days ago

News Discussion Forum

By Fxstreet

RBNZ’s Silk: Interest rates are in 2.5%-3.5% neutral band

In a Reuters interview on Friday, Reserve Bank of New Zealand (RBNZ) Assistant Governor Karen Silk said that “interest rates are in 2.5%-3.5% neutral band.”

RBNZ

CentralBanks

NZDUSD

InterestRate

Federal Reserve speakers Friday include Bostic, Daly, and Goolsbee

2 days ago

News Discussion Forum

By Forex Live

Federal Reserve speakers Friday include Bostic, Daly, and Goolsbee

Fed

RBNZ assistant governor Silk: Interest rates are in 2.5% - 3.5% neutral band

2 days ago

News Discussion Forum

By Forex Live

RBNZ assistant governor Silk: Interest rates are in 2.5% - 3.5% neutral band

Says impact of past rate cuts yet to flow through

RBNZ

NZD

US plans to ramp up weapons sales to Taiwan - exceeding Trump's first term

2 days ago

News Discussion Forum

By Forex Live

US plans to ramp up weapons sales to Taiwan - exceeding Trump's first term

Reuters report

China

US plan for Gaza ceasefire to be guaranteed by Trump

2 days ago

News Discussion Forum

By Forex Live

US plan for Gaza ceasefire to be guaranteed by Trump

The latest developments in ceasefire negotiations

Oil

NZD/USD maintains position above 0.5950 after trimming recent gains, US PCE inflation eyed

2 days ago

News Discussion Forum

By Fxstreet

NZD/USD maintains position above 0.5950 after trimming recent gains, US PCE inflation eyed

NZD/USD holds ground after trimming daily gains, trading around 0.5960 during the Asian hours on Friday. The pair offered its gains after weaker economic data was released from New Zealand.

NZDUSD

Majors

Macroeconomics

NewZealand

China expected to announce 'major financial polices' on June 18 and 19, 2025

2 days ago

News Discussion Forum

By Forex Live

China expected to announce 'major financial polices' on June 18 and 19, 2025

People's Bank of China Governor Pan Gongsheng will speak at the event

China

pboc

EUR/USD edges lower to mid-1.1300s; looks to US PCE Price Index for fresh impetus

2 days ago

News Discussion Forum

By Fxstreet

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

2 days ago

News Discussion Forum

By Fxstreet

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

2 days ago

News Discussion Forum

By Forex Live

ECB's Panetta is speaking on Friday

European Central Bank

ECB

Japanese Yen trims part of intraday gains; up a little against rebounding USD ahead of US PCE

2 days ago

News Discussion Forum

By Fxstreet

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

2 days ago

News Discussion Forum

By Forex Live

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

2 days ago

News Discussion Forum

By Fxstreet

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

2 days ago

News Discussion Forum

By Fxstreet

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

AUD a little lower - poor retail sales cited (there's a but, though)

2 days ago

News Discussion Forum

By Forex Live

AUD a little lower - poor retail sales cited (there's a but, though)

Poor building permits data also

AUD

Japan’s Trade Negotiator Akazawa plans to meet Bessent for trade talks

2 days ago

News Discussion Forum

By Fxstreet

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

2 days ago

News Discussion Forum

By Fxstreet

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

Australian April building permits -5.7% m/m (expected +3.1%)

2 days ago

News Discussion Forum

By Forex Live

Australian April building permits -5.7% m/m (expected +3.1%)

Builidng approvals are a lumpy data set

AUD

Australian April 2025 retail sales -0.1% m/m (expected +0.3%)

2 days ago

News Discussion Forum

By Forex Live

Australian April 2025 retail sales -0.1% m/m (expected +0.3%)

Australian March retail sales

AUD

Australia Private Sector Credit April 2025 +0.7% m/m (expected +0.5%, prior +0.5%)

2 days ago

News Discussion Forum

By Forex Live

Australia Private Sector Credit April 2025 +0.7% m/m (expected +0.5%, prior +0.5%)

Data from the Reserve Bank of Australia

RBA

AUD

Japan economy minister Akazawa: Will take appropriate actions re tariffs

2 days ago

News Discussion Forum

By Forex Live

Japan economy minister Akazawa: Will take appropriate actions re tariffs

Commenting on the court case

JPY

PBOC sets USD/CNY reference rate at 7.1848 vs. 7.1907 previous

2 days ago

News Discussion Forum

By Fxstreet

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

PBOC sets USD/ CNY reference rate for today at 7.1848 (vs. estimate at 7.1859)

2 days ago

News Discussion Forum

By Forex Live

PBOC sets USD/ CNY reference rate for today at 7.1848 (vs. estimate at 7.1859)

PBOC CNY reference rate setting for the trading session ahead.

CNY

China Stock Market

China

CNH

pboc

Russia transferred 1.8 tons of gold bars (approx US$104 mn) to Iran as payment for drones

2 days ago

News Discussion Forum

By Forex Live

Russia transferred 1.8 tons of gold bars (approx US$104 mn) to Iran as payment for drones

WaPo had the story of a March 2023 contract transaction

Gold

USD/CAD softens to near 1.3800 ahead of US PCE, Canadian GDP releases

2 days ago

News Discussion Forum

By Fxstreet

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.

USDCAD

Fed's Logan: Monetary policy in a good place

2 days ago

News Discussion Forum

By Fxstreet

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

2 days ago

News Discussion Forum

By Fxstreet

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

Japan govt official says several companies say US tariffs caused delay shipment in April

2 days ago

News Discussion Forum

By Forex Live

Japan govt official says several companies say US tariffs caused delay shipment in April

Commenting on the poor result for factory output in April

JPY

Fed's Logan says monetary policy is in a good place for now

2 days ago

News Discussion Forum

By Forex Live

Fed's Logan says monetary policy is in a good place for now

Federal Reserve Bank of Dallas President Lorie Logan

Fed

PBOC is expected to set the USD/CNY reference rate at 7.1859 – Reuters estimate

2 days ago

News Discussion Forum

By Forex Live

PBOC is expected to set the USD/CNY reference rate at 7.1859 – Reuters estimate

PBOC CNY reference rate setting for the trading session ahead.

CNY

China Stock Market

China

CNH

pboc

BoJ Governor Ueda aware of of firm's aggressive price, wage setting behaviour continuing

2 days ago

News Discussion Forum

By Forex Live

BoJ Governor Ueda aware of of firm's aggressive price, wage setting behaviour continuing

Bank of Japan Governor Ueda

BOJ

JPY

Trump is airing grievances over tariff ruling but notes the order was stayed

2 days ago

News Discussion Forum

By Forex Live

Trump is airing grievances over tariff ruling but notes the order was stayed

Trump's tariffs are going ahead for no

Politics

Japan April industrial production -0.9% m/m (expected -1.4%)

2 days ago

News Discussion Forum

By Forex Live

Japan April industrial production -0.9% m/m (expected -1.4%)

Japan April industrial production

JPY

Japan April retail sales +3.3% y/y (+3.1% expected)

2 days ago

News Discussion Forum

By Forex Live

Japan April retail sales +3.3% y/y (+3.1% expected)

Japan April retail sales

JPY

Fed's Daly: Need modestly or moderately restrictive policy to keep bringing inflation down

2 days ago

News Discussion Forum

By Fxstreet

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