Argentina Consumer Price Index (MoM) in line with forecasts (3.5%) in September
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Editors’ Picks
AUD/USD treads water below 0.6750 amid dour mood
AUD/USD is off the highs, holding steady below 0.6750 in Asian trading on Friday. A broad US Dollar pullback underpins the pair but the further upside appears capped due to a tepid risk tone. Traders look forward to US PPI inflation data for fresh trading directives.
USD/JPY rises toward 149.00 despite softer risk tone
USD/JPY has picked up fresh bids and approaches 149.00 in Friday’s Asian session. The BoJ rate hike uncertainty undermines the Japanese Yen and acts as a tailwind for the pair. However, a dour mood and the US Dollar consolidation could limit the pair’s renewed upside. US data eyed.
Gold price recovers further from multi-week low touched on Thursday
Gold price builds on the previous day’s goodish bounce from the $2,600 neighborhood, or a three-week low and gains positive traction for the second straight day amid subdued USD demand. A surge in US jobless claims pointed to initial signs of labor market weakness and should allow the Fed to keep cutting rates.
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