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EU welcomes Trump-Putin meeting in Hungary
A spokesperson from the European Union (EU) said in the European trading session on Friday that the continent welcome meeting between United States (US) President Donald Trump and Russian leader Vladimir Putin over a ceasefire in Ukraine.

EUR/USD is set to rise further - UOB Group
There is room for Euro (EUR) to rise further; it remains to be seen whether it can break clearly above 1.1720. In the longer run, upward momentum is building, but EUR must close above 1.1720 before a move toward 1.1760 can be expected, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

JPY: Sometimes things turn out differently - Commerzbank
The Japanese Yen (JPY) has recovered somewhat in recent days and is currently trading around 150 to the US dollar again. However, I must say that the reason for this is not quite what I had expected.

USD/JPY: Eyes on coalition formation - OCBC
USD/JPY extended its decline, tracking UST yields lower. Pair was last at 149.71 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

SEK: The unusual winner - ING
The Swedish krona is the second-best performer this week, rising even more than the euro as equities sold off yesterday. This sounds rather odd given SEK's usually high beta (especially relative to the euro) to risk assets, ING's FX analyst Francesco Pesole notes.

DXY: Softer on the day for now - OCBC
US Dollar (USD) continued to drift lower on dovish remarks from Fed officials, surprise turn lower in Philadelphia business outlook, extended US government shutdown, falling UST yields and the negative sentiments on some US regional banks over exposure to auto bankruptcy.

USD: Multiple factors hitting the dollar at once - ING
A sudden return of market scrutiny on US regional banks is adding a rather unexpected negative factor to the dollar. US equities took a hit yesterday, with the S&P500 regional banks sub-index plummeting 5% after two lenders reported problems with loans associated with fraud.

USD/CNH: Lower fix again - OCBC
USD/CNY fix was set lower at 7.0949 and below 7.10 for a 3rd consecutive session. USD/CNH last seen at 7.1280 levels, largely in line with yesterday spot despite the USD/CNY fix going lower, OCBC's FX analysts Frances Cheung and Christopher Wong note.

US Natural Gas drops to three-week low on ample storage - ING
US Natural Gas prices slid to the lowest in three weeks this morning, with NYMEX Henry Hub futures falling to the intraday lows of $2.9/MMBtu, ING's commodity experts Ewa Manthey and Warren Patterson note.

EUR: Eyes on 1.180? - ING
EUR/USD rose again yesterday, but primarily on the back of US Dollar (USD) weakness, as markets had largely priced in that French PM Lecornu would survive the no-confidence motions, ING's FX analyst Francesco Pesole notes.

US Dollar Index (DXY) trims some losses after bouncing from the 98.00 area
The US Dollar Index has found some support at the 98.00 area and is trimming some losses during Friday's European trading session. The Index, however, remains vulnerable, after having depreciated nearly 1.30% in a four-day sell-off.

Oil declines on rising US inventories - ING
Oil prices were approaching a third consecutive weekly decline, with WTI falling to the lowest since May this morning, following a bearish US Oil inventory report.

BoE's Pill: Favors a more cautious monetary easing approach
Bank of England (BoE) Chief Economist Huw Pill said in a speech at the Institute of Chartered Accountants in England and Wales Annual Conference 2025 in London on Friday that the United Kingdom (UK) central bank must avoid cutting interest rates "too far and too fast" as inflationary pressures conti

Gold: Relentless rise - OCBC
Gold hit another record high of close to $4,380 this morning amid concerns of US regional banks' creditworthiness while ongoing US-China tensions continued to fuel safe-haven demand, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Precious metals hit another record high - ING
Gold and Silver hit another record high this morning, topping the all-time peak set just yesterday, with spot prices jumping to $4,379.93/oz and $54.4/0z, respectively, ING's commodity experts Ewa Manthey and Warren Patterson note.

BoE's Pill: A more cautious withdrawal of monetary policy restriction may be appropriate
Bank of England (BoE) Chief Economist Huw Pill said on Friday, "a more cautious withdrawal of monetary policy restriction may be appropriate."

GBP/JPY falls as Yen strengthens on BoJ tightening signals, UK tax hikes
GBP/JPY drops toward 201.00 on Friday, losing 0.50% at the time of writing, as the Japanese Yen (JPY) extends its recovery, supported by growing expectations of a future rate hike by the Bank of Japan (BoJ) and by a global environment favoring safe-haven assets.

EUR/USD rests 50-DMA after holding 1.1540 support - Société Générale
EUR/USD has rebounded from last week's low and broken a short-term downtrend, but repeated failures around the 50-DMA underline lingering indecision. A sustained break above 1.1780/1.1820 is needed to confirm upside traction, Société Générale's FX analysts note.

Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Friday, according to FXStreet data.

AUD/USD tumbles to near 0.6450 amid US-China trade frictions
The AUD/USD pair trades 0.5% down to near 0.6450 during the European trading session on Friday. The Aussie pair faces intense selling pressure as the Australian Dollar (AUD) underperforms its peers amid growing trade frictions between the United States (US) and China.
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