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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).
Fed's Goolsbee: The Fed needs to wait for the dust to clear
Before committing to significant investments or other choices, US businesses were looking for continuity in trade policy, Chicago Fed President Austan Goolsbee said.
US: Problems beyond policy content - UBS
Generally, investors are concerned with policy content. Fiscal changes adjust the relative performance of different sectors of the economy, and markets react accordingly. But the current US administration has added two complications.
Prices for Platinum and Palladium rise significantly - Commerzbank
The price of Platinum rose significantly this week, as did the price of Palladium, Commerzbank's commodity analyst Carsten Fritsch notes.
Mexican Peso holds gains as US House approval of Trump's Big, Beautiful Bill rattles markets
The Mexican Peso (MXN) is benefiting from the renewed US Dollar (USD) weakness on Friday, which is driven by concerns over the health of the United States (US) deficit after the US House of Representatives voted in favour of Trump's administration tax and spending bill.
US Dollar extends losses amid US debt concerns
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, dips further on Friday and erases the previous day's recovery, trading near 99.40 at the time of writing.
US Pres. Trump: Recommending a straight 50% tariff on the European Union
In a post published on Truth Social on Friday, United States (US) President Donald Trump said that he is recommending a "straight 50% tariff" on imports from the European Union.
Gold benefits from uncertain US budget situation - Commerzbank
The price of Gold has climbed back above the $3,300 per troy ounce mark in recent days, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen reports.
USD/JPY slips as Japan's core inflation hits two-year high
The Japanese Yen (JPY) continues to appreciate against the US Dollar (USD), extending gains after Japan's core consumer inflation surprised to the upside.
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