EUR/USD trades in the 1.0740s on Friday, ahead of key data out of the US in the form of the March core Personal Consumption Expenditures Price Index (PCE), the US Federal Reserve’s (Fed) preferred gauge of inflation.
The Pound Sterling (GBP) clings to gains near 1.2500 against US Dollar (USD) in Friday’s London session.
Eurozone M3 Money Supply (3m) increased to 0.4% in March from previous 0.2%
Eurozone Private Loans (YoY) came in at 0.2%, below expectations (0.3%) in March
Eurozone M3 Money Supply (YoY) above forecasts (0.5%) in March: Actual (0.9%)
Austria Purchasing Manager Index increased to 43.5 in April from previous 42.2
Here is what you need to know on Friday, April 26: The Japanese Yen (JPY) stays under bearish pressure and trades at its weakest level in over three decades against the US Dollar following the Bank of Japan's (BoJ) decision to leave the monetary policy settings unchanged.
FX option expiries for Apr 26 NY cut at 10:00 Eastern Time, via DTCC, can be found below EUR/USD: EUR amounts 1.0600 1.6b 1.0610 800m 1.0645 2.2b 1.0680 814m 1.0700 987m 1.0750 1.6b 1.0780 1.1b GBP/USD: GBP amounts 1.2365 685m 1.2430 1.1b 1.2500 726m USD/JPY: USD amounts 153.50 672m 154.00 712m 155.00 1.5b 156.50 531m USD/CHF: USD amounts 0.9100 565m AUD/USD: AUD amounts 0.6400 469m 0.6500 462m USD/CAD: USD amounts 1.3560 400m 1.3775 396m NZD/USD: NZD amounts 0.5940 386m 0.6100 605m .
Spain Retail Sales (YoY) fell from previous 1.9% to 0.6% in March
Spain Unemployment Survey above expectations (11.7%) in 1Q: Actual (12.29%)
The USD/CHF pair trades on a stronger note around 0.9130 during the early European session on Friday.
France Consumer Confidence came in at 90, below expectations (92) in April
Speaking at the post-policy meeting press conference on Friday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the Bank “will adjust the degree of monetary easing if underlying inflation rate rises,” adding that “easy financial conditions will be maintained for the time being.” The BoJ kept the interest rate on hold at 0% following the April meeting.
USD/CAD extends its losses for the second consecutive day, trading around 1.3640 during the Asian session on Friday.
Sweden Trade Balance (MoM) down to 4.8B in March from previous 9.3B
The core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s (Fed) preferred inflation measure, will be published on Friday by the US Bureau of Economic Analysis (BEA) at 12:30 GMT.
The NZD/USD pair showed positive movement, trading around 0.5960 during the Asian session on Friday.
The EUR/USD pair edges lower during the Asian session on Friday and moves away from a two-week high, around the 1.0740 area touched the previous day.
Singapore Industrial Production (MoM) below forecasts (-8.8%) in March: Actual (-16%)
Singapore Industrial Production (YoY) below expectations (-1.5%) in March: Actual (-9.2%)
The EUR/JPY cross drifts higher to 167.20, its highest level since 2008, during the Asian trading hours on Friday.
Gold price (XAU/USD) struggles to capitalize on the previous day's modest gains and oscillates in a narrow range during the Asian session on Friday amid mixed fundamental cues.
The Australian Dollar (AUD) continues its upward trend for the fifth consecutive session on Friday.
Japan BoJ Interest Rate Decision came in at 0%, below expectations (0.1%)
Indian Rupee (INR) extends the rally on Friday, bolstered by interbank US Dollar (USD) sales.
AUD/JPY extends its winning streak for the fifth consecutive session on Friday.
Following his meeting with US Secretary of State Antony Blinken early Friday, China’s Foreign Minister Wang Yi said that the Sino-US “relationship has stabilized but negative factors are building.” Additional comments Sliding into conflict with the US would be a lose-lose situation.
Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $83.60 on Friday.
The Japanese Yen (JPY) languishes near a multi-decade low against its American counterpart during the Asian session on Friday as traders keenly await the outcome of the highly-anticipated Bank of Japan (BoJ) policy meeting.
Australia Export Price Index (QoQ) dipped from previous 5.6% to -2.1% in 1Q
Australia Import Price Index (QoQ) below forecasts (0.1%) in 1Q: Actual (-1.8%)
Australia Producer Price Index (QoQ) remains unchanged at 0.9% in 1Q
Australia Producer Price Index (YoY) increased to 4.3% in 1Q from previous 4.1%
On Friday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1056 as compared to the previous day's fix of 7.1058 and 7.2396 Reuters estimates.
Japan’s five-year bond yield rose to the highest level since April 2011 ahead of the Bank of Japan (BoJ) interest rate decision on Friday, per A Jiji.
The GBP/USD pair trades on a weaker note around 1.2502 during the early Asian trading hours on Friday.
Japanese Finance Minister Shunichi Suzuki said on Friday that he is closely monitoring foreign exchange (FX) fluctuations.
Japan’s Tokyo Consumer Price Inflation (CPI) inflation printed well below expectations early Friday, which will complicate the Bank of Japan’s (BoJ) upcoming rate call and Monetary Policy Report, due during the Pacific market session.
The headline Tokyo Consumer Price Index (CPI) for April rose 1.8% YoY, compared to a 2.6% rise in the previous reading, the Statistics Bureau of Japan showed on Friday.
Japan Tokyo CPI ex Fresh Food (YoY) came in at 1.6%, below expectations (2.2%) in April
Japan Tokyo CPI ex Food, Energy (YoY) below expectations (2.7%) in April: Actual (1.8%)
Japan Tokyo Consumer Price Index (YoY) registered at 1.8%, below expectations (2.6%) in April
The USD/CAD pair extends its downside near 1.3655 on Friday during the early Asian session.
United Kingdom GfK Consumer Confidence above expectations (-20) in April: Actual (-19)
Ireland Consumer Confidence down to 67.8 in April from previous 69.5
The Bank of Japan (BoJ) is set to leave its short-term rate target unchanged in the range between 0% and 0.1% on Friday, following the conclusion of its two-day monetary policy review meeting for April.
EUR/USD whipsawed somewhat on Thursday, and the pair is heading into Friday's early session near 1.0730 after a back-and-forth session and complicated US data that vexed rate cut hopes.
The Aussie Dollar begins Friday’s Asian session on the right foot against the Greenback after posting gains of 0.33% on Thursday.
ANZ's New Zealand Roy Morgan Consumer Confidence slipped another 4 points to 82.1 in April, declining to the indicator's lowest levels since 2008.
New Zealand ANZ – Roy Morgan Consumer Confidence declined to 82.1 in April from previous 86.4
The NZD/USD pair stands at 0.5949, registering daily gains on Thursday’s session.
On Thursday, the Euro rose against the US Dollar after US economic data portrayed the economy as weaker than expected.