
Gold bounces from weekly low on softer US Dollar, fading September Fed hike bets
Gold bounces from weekly low on softer US Dollar, fading September Fed hike bets
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Gold bounces from weekly low on softer US Dollar, fading September Fed hike bets

British Pound strengthens against US Dollar as traders price out hawkish Fed bets

There are no fresh developments on the US-Iran conflict, with the Strait of Hormuz still in de facto closure after Iran threatened more ships again - this time being UAE oil vessels.

Silver stalled below $66.80 as a firm dollar capped gains from softer CPI, PPI and lower September rate-hike odds.

EUR/USD price outlook: EUR/USD tests 0.618 Arc

NZD/USD Price Forecast: Approaches 0.5900 resistance area as US Dollar weakens

Silver regains ground above $64 as Fed rate hike bets fade

Silver price today: Silver rises, according to FXStreet data

EUR/USD stood at 1.1537 on Friday, with markets continuing to digest incoming economic data. Soft US inflation figures have reduced expectations of a Federal Reserve rate hike in September.

British Pound: Growth resilience supports gains against US Dollar – MUFG

GBP/USD Price Forecast: Picks up above 1.3500 amid generalised US Dollar weakness

Euro: Showing some undervaluation against US Dollar – ING

British Pound: Locked in tight ranges against US Dollar – UOB

USDJPY trying to recover The dollar kept the pressure on the yen as prices try to recover the 500 pips caused by the intervention of the Bank of Japan. The pair has risen over 200 pips in recent sessions.

FX daily: EUR/USD starting to look cheap