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Latvia issues air threat alert, Finland restricts air and sea traffic

Latvian officials announced the activation of an air threat alert in the southeastern part of the country, near the border with Russia and Belarus, Reuters reported on Friday.

British Pound edges higher vs softer USD; lacks follow-through as geopolitics cap gains

The GBP/USD pair attracts some dip-buyers during the Asian session on Friday and, for now, seems to have snapped a two-day losing streak to the weekly low, which it touched the previous day.

Australia Investment Lending for Homes dipped from previous -3% to -10.2% in 2Q

Australia Home Loans climbed from previous -4.3% to -1.9% in 2Q

Japanese Yen strengthens as soft US PPI tempers Fed outlook

The USD/JPY pair loses traction to near 159.45 during the Asian trading hours on Friday. Softer US inflation reports and fears of currency intervention weigh on the US Dollar (USD) against the Japanes ...

Australian Dollar declines despite RBA rate hike warning

AUD/USD edges lower for the third successive day, trading around 0.7060 during the Asian hours on Friday. Reserve Bank of Australia (RBA) Assistant Governor Chris Kent stated on Thursday that recent i ...

New Zealand Dollar recovers from two-week low as fading Fed hike bets undermine USD

The NZD/USD pair is seen building on the previous day's bounce from the 0.5820 region, or a two-week low, and gaining some positive traction during the Asian session on Friday. Spot prices climbed bac ...

PBOC sets USD/CNY reference rate at 6.7878 vs. 6.7888 previous

On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7878 compared to the previous day's fix of 6.7888.

WTI remains below $80.50 as traders monitor diplomatic efforts to reopen Hormuz

West Texas Intermediate (WTI) oil price remains subdued for the third successive day, trading around $80.30 per barrel during the Asian hours on Friday. Crude oil prices edge lower as investors adopt ...

Beyond CPI: The complete inflation story - July 2026

Each month, the Bureau of Labor Statistics releases the Consumer Price Index (CPI) report. Policymakers, pundits, and economists use this data to gauge the current inflation situation. For instance, t ...

Dollar dominance is cracking and the Fort Knox Gold question won’t go away

Money Metals Midweek Memo host Mike Maharrey opened this week’s episode with an old-fashioned banking analogy: Imagine somebody repeatedly claiming to have $100,000 in the bank but refusing to produce ...

Euro gathers strength above 1.1500 as cooling inflation data weighs on US Dollar

The EUR/USD pair gains ground to near 1.1535 during the early Asian session on Friday. The US Dollar (USD) softens against the Euro (EUR) following a softer-than-expected US inflation report. The US J ...