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EUR/USD rebounds back above 1.1300 after Trump tariffs shock sparks volatility
EUR/USD recovered during the mid-North American session on Friday after diving below 1.1300 after US President Donald Trump rattled the markets by threatening to impose 50% tariffs on the European Union (EU). At the time of writing, the pair recovered and climbed to around 1.1350
US Dollar Index dives to two-week low on Trump's tariff threats and fiscal jitters
The US Dollar Index (DXY), which tracks the value of the US Dollar (USD) against a basket of six major currencies, slumps sharply on Friday, down over 1.8% for the week after posting a modest gain on Thursday to trade around 99.10 near a two-week low, ahead of the weekend.
President Trump adds Samsung to his wishlist of tariffs targeting individual companies
During statements made to the press during his weekly Executive Order signing, United States (US) President Donald Trump added further tariff commentary, though not necessarily clarity, to his social media posts earlier on Friday.
WTI Crude Oil trades above $61.00 with prices consolidating in a tight range
Crude oil prices have rebounded on Friday, allowing prices to erase Thursday's losses.
Dow Jones Industrial Average declines on Friday as fresh tariff threats emerge
The Dow Jones Industrial Average (DJIA) saw stiff losses during the Friday market session The major equity index declined 780 points top-to-bottom and tapped 41,200 before a slow crawl back to the 41,750 region.
GBP/USD surges past 1.3500 to a three-year high on strong UK Retail Sales, weak US Dollar
The British Pound (GBP) rises sharply against the US Dollar (USD) to its highest level in three years on Friday.
Fed's Cook: Bond markets were 'orderly' in April, but seeing rising stress in households
Federal Reserve (Fed) Board of Governors member Dr.
EUR/GBP consolidates on positive UK Retail Sales and Trump's EU tariff threat
The Euro (EUR) is trading in a tight range against the British Pound (GBP) after Friday's positive UK Retail Sales data and a resurgence of tariff uncertainty contributed to global risk sentiment.
Gold price soars nearly 2% as Trump targets EU with tariff threats
Gold's price uptrend resumed on Friday, with the yellow metal rising close to 2% daily and 5% in the week, as the US Dollar (USD) weakened further after US President Donald Trump escalated the 'trade war' with the European Union (EU).
AUD/USD eyes breakout above 0.6500 amid weak US Dollar
The Australian Dollar (AUD) pushes higher against the US Dollar (USD), reaching a fresh weekly high near 0.6480 on Friday, up more than 1.20% on the day.
USD/CAD tumbles to two-week low after five-day sell-off
The Canadian Dollar (CAD) strengthens further against the US Dollar (USD) on Friday, marking a five-day rally.
EUR/JPY slumps to near 161.00 as Trump threatens 50% tariffs on Eurozone
The EUR/JPY pair slides to near 161.00 during North American trading hours on Friday, the lowest level seen in a month.
USD/JPY: Bearish bias on the daily charts - OCBC
USD/JPY continued to trade lower, tracking USD and UST yields lower. Last at 142.55 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
USD: Investors continue to re-evaluate 'US exceptionalism' - Rabobank
US treasuries appear to have drawn some comfort today from the Supreme Court's ruling that the unique structure of the Fed may protect its board members from potentially being removed by the President, Rabobank's FX analyst Jane Foley reports.
US Treasury Sec. Bessent :US is far along in trade talks with India, Asian countries
In an interview with Fox News on Friday, United States (US) Treasury Secretary Scott Bessent said that US President Donald Trump believes that the European Union's proposals have not been of good quality, per Reuters.
Fed's Schmid: Tariffs keep uncertainty unabated
Kansas City Fed President Jeffrey Schmid said that the current high uncertainty is still being driven by the tariff debate.
USD/CHF declines due to Trump's tariff threat on the EU and rising risk aversion
The Swiss Franc (CHF) continues to strengthen against the US Dollar (USD) on Friday, with concerns over the health of the United States (US) economy weighing on the Greenback.
Fed's Musalem: Business expect higher prices
Business leaders are becoming increasingly concerned about the economic consequences of rising prices and trade uncertainty, suggested St. Louis Fed President Alberto Musalem.
DXY: Weak sentiment on the day - OCBC
Overnight, US Dollar (USD) bounced after prelim PMIs surprised to the upside. But gains were retraced in the morning, alongside the pullback in UST yields. DXY was last seen at 99.40, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Silver Price Forecast: XAG/USD trades almost flat around $33, outlook remains firm
Silver price (XAG/USD) wobbles in a tight range around $33.00 during North American trading hours on Friday. The white metal remains almost flat despite a substantial weakness in the US Dollar (USD).
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