The dollar index (DXY) rose by 0.30% on Friday, following President Trump’s comments that eased concerns about the Federal Reserve’s independence. However, US June capital goods new orders nondefense ex-aircraft & parts unexpectedly declined by 0.7% month-over-month, contrary to expectations of a 0.1% increase.
The euro fell by 0.04% amid a stronger dollar, with the Eurozone June M3 money supply rising by only 0.3% year-over-year, significantly below the expected 3.7%. The German July IFO business confidence index reached a 14-month high of 88.6, though it was slightly below the expected 89.
In Japan, the July Tokyo CPI rose 2.9% year-over-year, underperforming the expected 3.0%. The yen weakened against the dollar due to concerns about potential fiscal deterioration after the ruling LDP’s loss in recent elections. August gold closed down 1.12% and September silver down 2.19%, influenced by a stronger dollar and decreased demand for safe-haven assets.
