Greece Industrial Production (YoY) dipped from previous -0.5% to -2.9% in August

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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.

AUD/USD seems vulnerable near 0.6800, 10-month low amid bullish USD

AUD/USD languishes near a 10-month low during the Asian session on Friday, awaiting a break below 0.6800 before the next leg up amid a bullish US Dollar. Firming Fed rate-hike expectations, along with fading hopes for US-Iran diplomacy, help the USD hold gains at its highest level since April 2025. Moreover, the RBA’s dovish tilt undermines the Aussie and backs the case for further losses.

USD/JPY bulls turn cautious near 160.00 amid intervention risks

USD/JPY enters a bullish consolidation phase around its highest level since early September as bulls turn cautious amid intervention risk near 160.00. Meanwhile, the downside seems cushioned as the wide US-Japan interest rate gap keeps the Yen carry trade active. Furthermore, the possibility of a jumbo Fed rate hike and Middle East uncertainties hold the US Dollar near a 19-month top, supporting the currency pair.

Gold jumps 1% to reclaim $3,900 as USD corrects ahead of PPI

Gold rebounds nearly !% from Thursday’s YTD low, reclaiming $3,900 despite a bearish fundamental backdrop. A fresh correction in the US Dollar from 19-month highs helps Gold find some respite ahead of US PPI inflation data. However, a surge in aggressive Fed rate-hike expectations could check the recovery of non-yielding bullion.

The US Dollar just hit a 19-month high — and the Fed isn't done

The US Dollar has recovered most of what it lost after the 2025 tariff shock, and the Federal Reserve has raised interest rates only once. Traders expect three or four more increases by late 2027, and the Dollar's price already assumes all of them.

Jensen Huang is out ahead of Nvidia earnings

Oh, what a tangled web we weave, when first we practice to deceive – it’s been all about Nvidia this week, and the scandal surrounding its CEO Jensen Huang and his extra marital activities. The markets appeared to have already made up their minds with Nvidia shares off sharply from their recent highs on the basis that CEO Huang will be forced out.

What the US CPI headline doesn’t tell you about inflation

Brent crude has fallen about a third since mid-October on hopes the Iran war is ending, but diesel, freight and fertiliser costs haven't followed. Those costs reach US consumer prices in stages through 2027 and could keep inflation high after gasoline gets cheaper.