Author
FXStreet Team
FXStreet
Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.
GBP/USD loses ground after three days of gains, trading around 1.3450 during the Asian hours on Friday. The pair depreciates as the US Dollar gains support from a hawkish pause by the Federal Reserve and an internal FOMC policy split.
The EUR/ USD pair loses ground to near 1.1515 during the early Asian trading hours on Friday. The Euro softens against the US Dollar amid risk-off sentiment and fears of wider war in the Middle East. The preliminary reading of the Harmonized Index of Consumer Prices from the Eurozone for July and the Michigan Consumer Sentiment Index will be released later on Friday.
Gold fails to hold above $4,100 once again as sellers return early Friday. The US Dollar rebounds on fresh US-Iran tensions and month-end profit-taking. Gold closed above $4,100 on Thursday, but the daily RSI remains below 50.
The Indonesian Rupiah has faced persistent depreciation pressures against the US Dollar during the first half of 2026, with the USD/IDR pair stabilizing around the 18,100–18,200 range at the time of writing after reaching a record high at 18,247 on June 8, marking the Rupiah's weakest level on record against the Greenback.
