Philippine GDP Growth Slows to 2.3% in Q2 
Asian Stocks Cautious Ahead of US Jobs Data as Oil Rises 
China Trade Surplus Beats Forecasts in July as Exports Stay Strong 
German Bund Yields Hit Three-Week Low as Energy Prices Ease and ECB Outlook Softens 
European Natural Gas Prices Hold Near Three-Week Lows Amid Middle East Talks and Supply Concerns 
Canada, US Hold Constructive Trade Talks as Tariff Negotiations Continue 
Trump Says U.S.-Iran Talks Progressing as Hopes Rise for Strait of Hormuz Reopening 
Gold Price Hits Seven-Week High as Fed Rate Hike Bets Fade and Hormuz Deal Hopes Grow 
Asian Currencies Rise as Dollar Stays Near Six-Week Low, RBI Holds Rates Steady 
Australia Trade Surplus Returns in June as Iron Ore, Coal and LNG Exports Surge 
Oil Prices Slip as Hormuz Shipping Progress and Rising U.S. Crude Stocks Weigh on Market 
Asian Currencies Hold Steady as US Dollar Nears Seven-Week Low Ahead of Key Jobs Data 
RBI Holds Repo Rate at 5.25% as Inflation Risks and Global Uncertainty Persist 
US Job Growth Seen Picking Up in July 
Gold Prices Steady as Hormuz Tensions Fuel Fed Rate Concerns 
Asian Stocks Slide as Semiconductor Selloff Weighs on South Korea and Japan 
BOJ Minutes Signal More Rate Hikes as Inflation Risks Grow 
Asian currencies traded in a tight range on Friday as investors remained cautious ahead of the closely watched U.S. nonfarm payrolls report. Meanwhile, uncertainty over Iran negotiations and risks surrounding the Strait of Hormuz supported demand for the U.S. dollar as a safe-haven currency.
The U.S. Dollar Index gained 0.1% to 99.97 after advancing 0.3% in the previous session. The rebound followed a recent slide to seven-month lows, with higher U.S. Treasury yields also helping strengthen the greenback.
The Japanese yen was largely unchanged, with USD/JPY trading around 158.4 after climbing 0.4% a day earlier. The yen has surrendered part of the gains triggered by last week's rare coordinated currency intervention by Japan and the United States, their first joint action to support the yen since 1998.
Following the intervention, the Japanese currency strengthened to roughly 155 per dollar after previously weakening to nearly 164 in late July, a level close to a 40-year low.
Geopolitical developments also remained in focus. Reports indicated that an Iranian parliamentary committee was considering legislation aimed at preventing U.S. and Israeli vessels from passing through the Strait of Hormuz while introducing penalties for violations. Oil prices extended their recent gains during Asian trading, adding to concerns that higher energy costs could fuel inflation.
Attention is now turning to the July U.S. jobs report, which could provide important signals about the Federal Reserve's interest rate outlook. Recent economic indicators have delivered mixed signals, increasing the significance of payroll figures for expectations surrounding future Fed policy.
In China, the yuan was broadly stable despite stronger-than-expected July trade figures. China posted a larger trade surplus as overseas demand remained resilient. Exports increased 24% year-on-year, although growth slowed from June, while imports climbed 28%, indicating steady domestic demand.
Elsewhere in Asian forex markets, the South Korean won strengthened about 0.2% against the dollar, while the Singapore dollar gained roughly 0.1%. The Indian rupee weakened 0.2%, while the Australian dollar was largely unchanged as traders awaited fresh direction from U.S. economic data.
