The EUR/USD retreats from yearly highs above 1.1750, tumbling below 1.1700 despite market participants being convinced that the Federal Reserve (Fed) will cut rates at the September meeting.
This week's inventory report from the US Energy Information Administration is likely to have played a major role in preventing Oil prices from slipping noticeably below the level seen before the escalation of the Middle East conflict, Commerzbank's commodity analyst Barbara Lambrecht notes.
The headline Tokyo Consumer Price Index (CPI) for June rose 3.1% YoY as compared to 3.4% in the previous month, the Statistics Bureau of Japan showed on Friday.