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Canadian Dollar roils as Trump reiterates tariff threats
The Canadian Dollar was dragged in both directions on Friday, rising and then falling as market flows clash with fresh threats of tariffs on Canada from US President Donald Trump.
Silver Price Forecast: XAG/USD pulls back from 5-month peak, bears eye $34
Silver price hits a five-month high but retreats toward the $34 figure late on Friday, as traders brace for the weekend, eyeing a busy economic schedule in the United States (US).
Gold price hits new record high near $3,090 as Fed cut bets defy trade war fears
Gold price rallied sharply on Friday, hitting a new record high of $3,086 amid uncertainty over US trade policy, alongside an uptick in the Federal Reserve's (Fed) preferred inflation gauge.
US Dollar stalls as markets digest PCE and tariff outlook
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against a basket of currencies, is currently flat near 104.30 on Friday following the release of the Federal Reserve's (Fed) preferred inflation metric -- the Personal Consumption Expenditures (PCE) Price Index.
Mexican Peso sinks as Banxico cuts, US PCE and tariff fears boost US Dollar
The Mexican Peso (MXN) prolongs its agony in the week, depreciating against the US Dollar (USD) after Banco de Mexico (Banxico) reduced interest rates but also paved the way for additional easing.
Dow Jones Industrial Average drops on fresh inflation, tariff, and recession fears
The Dow Jones Industrial Average (DJIA) backslid over 700 points on Friday, falling 1.75% and tumbling to 41,500 after core Personal Consumption Expenditure (PCE) inflation figures accelerated in February.
EUR/USD Price Analysis: Edges toward 1.0830 as bullish momentum builds post-Europe
EUR/USD extended its upward trajectory on Friday, moving near the 1.0830 region after the European session and toward the upper end of the day's trading range.
GBP/USD steadies near 1.2950 as traders digest PCE figures, tariff turmoil
The Pound Sterling remains firm, hovering around 1.2950 against the US Dollar, virtually unchanged, as traders digest the latest inflation report from the United States (US), amid uncertainty about a potential trade war escalation following Trump's imposition of tariffs on cars.
Fed's Daly: Two rate cuts this year seems "reasonable"
San Francisco Fed President Mary Daly maintains that two rate cuts this year remain a reasonable projection, but with robust economic indicators, policymakers can hold off on reducing rates until they evaluate how businesses adapt to tariff costs.
Silver Price Forecast: XAG/USD refreshes five-month high near $34.60 on global trade concerns
Silver price (XAG/USD) posts a fresh five-month high near $34.60 in North American trading hours on Friday.
EUR/GBP is trading below the MA at 0.8380 - Société Générale
EUR/GBP attempted a cross above its 200-DMA earlier this month but has faced strong resistance near 0.8450 and has once again dipped below the MA (0.8380), Société Générale's FX analysts note.
USD/JPY remains under pressures near 150.50, US core PCE Inflation heats up
The USD/JPY pair is down more than 0.3% near 150.50 in North American session on Friday.
US Dollar steadies as markets look for fresh clues in the US PCE inflation release
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is currently flat to slightly higher near 104.50 at the time of writing on Friday.
Market does not expect US import tariffs on crude oil from Canada and Mexico - Commerzbank
The postponement of US import tariffs on certain goods from Canada and Mexico granted by US President Trump at the beginning of March will end next Wednesday, Commerzbank's commodity analyst Carsten Fritsch notes.
EUR/USD to consolidate around 1.08-1.09 with upside risks - Danske Bank
EUR/USD holds around 1.08 as Trump imposes auto tariffs and signals lenient reciprocal measures, Danske Bank's FX analyst Jesper Fjärstedt reports.
US natural gas storage rises - ING
US natural gas prices traded under pressure as the US witnessed its second straight week of inventory injection while weather forecasts remained mixed, ING's commodity experts Ewa Manthey and Warren Patterson note.
USD/CNH: Likely to trade sideways between 7.2570 and 7.2820 - UOB Group
US Dollar (USD) is likely to trade sideways vs Chinese Yuan (CNH) between 7.2570 and 7.2820.
China: Buckle up for 'Liberation Day' - Standard Chartered
The US has limited room to further hike tariffs on China under the Reciprocal Tariff Act.
Copper has continues to retreat from its nine-month high - ING
Meanwhile, Copper has continued to retreat from its nine-month high as expectations for the ex-US tightness are retreating following reports earlier this week that US tariffs on Copper imports could be imposed within weeks, not months, ING's commodity experts Ewa Manthey and Warren Patterson note.
USD/JPY: Has a small chance of testing 151.30 - UOB Group
US Dollar (USD) could test 151.30 vs Japanese Yen (JPY); it is uncertain if it can break clearly above this level.
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