Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
The German bunds traded tad lower during European session Friday as investors have largely shrugged-off the lower-than-expected services PMI for the month of April, besides the fall in eurozone’s retail sales for the month of March, released today.
The German 10-year bond yields, which move inversely to its price, rose nearly 1 basis point to 0.53 percent, the yield on 30-year note also climbed close to 1 basis point to 1.22 percent and the yield on short-term 2-year traded tad higher at -0.56 percent by 09:40GMT.
The seasonally adjusted final IHS Markit Germany Services PMI Business Activity Index registered 53.0 in April, down from 53.9 in March (and a preliminary ‘flash’ estimate of 54.1) and its lowest since September 2016. The index has been above the 50.0 level that separates expansion from contraction for almost five years, recording an average of 54.3 over this period.
Further, eurozone’s retail sales for the month of March, failed to meet market expectations, coming in at 0.1 percent m/m, vs consensus estimates of 0.5 percent m/m, from 0.3 percent m/m in February, revised higher from 0.1 percent m/m.
Meanwhile, the German DAX traded 0.34 percent higher at 12,733.67 by 09:50GMT, while at 09:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at -40.07 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
Lastly, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
