The US dollar continued to sag across the board alongside the Treasury yields in Thursday’s Asian trading, dented by the revived hopes of Fed rate cuts following weak US macro data. As a result, the USD/JPY pair traded modestly flat around the 107.75 region, having stalled its overnight recovery led by record high US indices. Meanwhile, holiday-thinned light trading also moves limited. The AUD/USD pair built on Wednesday’s rebound and hit two-month tops at 0.7049, despite below-forecast Australian retail sales data while the Kiwi also stuck to the recent upside ahead of the 0.67 handle amid a broadly subdued US dollar. However, the further upside remained capped in the Antipodeans, as markets remained jittery amid escalating US-Iran geopolitical tensions and looming US-China trade talks. The top performer in Asia was the Hong Kong Dollar (HKD) that rallied to 2-year highs against the US at 7.78238 ahead of the jumbo IPO. Brewer Anheuser-Busch InBev NV (AB InBev) is seeking to raise up to $9.8 billion by listing its Asia-Pacific business in Hong Kong this month. Among the European currencies, both the Euro and the pound traded on the front foot but further gains remained elusive on falling German/ UK yields and dovish central banks’ expectations. The Swiss franc traded flat vs. the greenback around 0.9860 levels while the Loonie was better bid near 1.3070 region amid oil-price weakness. Gold prices on Comex were flat-lined despite fresh multi-month lows in Treasury yields. Main Topics in Asia WTI traders are being whipsawed on increasing geopolitical tensions USTR Official: Trump Administration to schedule a call next week between US and Chinese trade principals – Reuters Goldman Sachs: Policy uncertainty and poor earnings to cap upside in stocks Gold technical analysis: Flatlined in Asia despite flag breakout PBOC Adviser Ma: US-China trade truce should rule out any need for major new stimulus US says Federal ban on Huawei sales is not illegal punishment, asks judge to throw out the lawsuit – Bloomberg Australian Retail Sales (M/M) May miss: 0.1% (exp 0.2%; prev -0.1%) US Pres. Trump presses China’s Xi on detainment of Canadians – Globe And Mail Japan PM Abe: ‘No plan to raise sales tax rate further during my administration’ S. Korea FinMin Hong warns of direct countermeasures to Japan’s export curbs S. Korea Vice FinMin: Sino-US competition could affect nuclear negotiations with N.Korea – Yonhap Asian stocks track US equities higher Key Focus Ahead Following a data-sparse Asian session, the EUR macro calendar is also expected to be a thin-showing, with the Swiss June Consumer Price Index (CPI) report (due at 0630 GMT) and Eurozone May Retail Sales data (at 0900 GMT) to keep the traders busy amid the US Independence Day light trading. Investors will remain edgy on escalating US-Iran geopolitical woes and looming US-China trade talks, in absence of the fresh US and Canadian economic news. Meanwhile, the speeches from the European Central Bank (ECB) policymakers Lane and De Guindos, due at 0700 GMT and 0910 GMT respectively, will be closely eyed for fresh EUR trades. EUR/USD remains below 1.13 despite fresh 32-month lows in US yields EUR/USD continues to trade below 1.13, having faced rejections above the psychological level in the last two trading days. The shared currency may come under pressure in Europe if the European Central Bank’s (ECB) new chief economist Philip Lane reiterates scope for an interest rate cut. GBP/USD: UK politics in the spotlight amid lack of major data, US holiday With the US holiday limiting market moves, the GBP/USD pair consolidates below 1.2600 heading into the London open on Thursday. There are no key data from the UK. USD/INR technical analysis: Eyes test of March lows after bearish marubozu USD/INR appears on track to test the low of 68.35 seen in March, having created a bearish marubozu candle last week. A bearish marubozu is a strong indication of bearish reversal or continuation of the sell-off depending on where it appears. FX Traders – Here’s Our Guide on Trading July Non-Farm Payrolls The U.S. non-farm payrolls report is always a big mover for the U.S. dollar and all of the major currencies but this month’s report could be more market moving than usual. Four factors to consider in the forex market There is a 4th factor at work in FX and we can’t pin it down yet. Factor #1 is multiple trade wars started by Trump and their ebb and flow. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australia: Marginal increase in retail sales – Rabobank FX Street 3 years The US dollar continued to sag across the board alongside the Treasury yields in Thursday's Asian trading, dented by the revived hopes of Fed rate cuts following weak US macro data. As a result, the USD/JPY pair traded modestly flat around the 107.75 region, having stalled its overnight recovery led by record high US indices. Meanwhile, holiday-thinned light trading also moves limited. The AUD/USD pair built on Wednesday's rebound and hit two-month tops at 0.7049, despite below-forecast Australian retail sales data while the Kiwi also stuck to the recent upside ahead of the 0.67 handle amid a broadly subdued US… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk.3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk.4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk.5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.