AUD/USD recovers as weaker US GDP sparks US yields drop

The Australian Dollar recovered against the US Dollar on Thursday trading, as US Q1 2024 GDP data was softer than expected, sparking a fall in US Treasury yields and the US Dollar.

Japan’s Suzuki: Forex level determined by market

Japanese Finance Minister Shunichi Suzuki said on Friday that the foreign exchange (FX) rates should reflect fundamentals and he will respond appropriately to excessive FX moves.

China's NBS Manufacturing PMI unexpectedly contracts to 49.5 in May vs. 50.5 expected

China’s official Manufacturing Purchasing Managers' Index (PMI) dropped from 50.4 in April to 49.5 In May, the latest data published by the National Bureau of Statistics (NBS) showed Friday.

Gold price advances modestly ahead of US PCE data

Gold price (XAU/USD) rises modestly on Friday on the back of the softer US dollar (USD) and lower US yields.

USD/INR trims losses ahead of Indian GDP, US PCE data

Indian Rupee (INR) weakens on Friday amid the modest rebound of the US Dollar (USD).

Forex Today: Inflation data from Eurozone and US to ramp up market volatility

Here is what you need to know on Friday, May 31: Following the choppy action seen on Thursday, major currency pairs hold steady early Friday as investors gear up for key data releases.

Australian Dollar consolidates as traders exercise caution ahead of US Core PCE

The Australian Dollar (AUD) moves sideways after lower-than-expected NBS Purchasing Managers Index (PMI) data was released from China on Friday.

Japanese Yen depreciates, while US Dollar remains stronger ahead of US inflation gauge

The Japanese Yen (JPY) loses ground despite the Tokyo Consumer Price Index (CPI), which increased to 2.2% year-over-year in May, up from April's 1.8% rise, a 26-month low.

Silver price Friday: Silver rises, according to FXStreet data

Silver prices (XAG/USD) rose on Friday, according to FXStreet data.

Eurozone Preliminary HICP inflation inches higher to 2.6% YoY in May vs. 2.5% forecast

The Harmonized Index of Consumer Prices (HICP), a broad measure of inflation in the Eurozone, is set to be released on Friday, May 31.