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USD/CHF Price Forecast: Trades inside Thursday's range ahead of US PCE Inflation
The USD/CHF pair ticks higher to near 0.8830 but trades inside Thursday's trading range in Friday's North American session ahead of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for February, which will be published at 12:30 GMT.
Gold climbs to a new record high - ING
Gold surged to a fresh record high this morning, surpassing the previous record hit just yesterday, after US President Donald Trump announced 'permanent' 25% tariffs on auto imports, intensifying trade tensions, ING's commodity experts Ewa Manthey and Warren Patterson note.
JPY: Inflation surprises to the upside - Commerzbank
This morning saw the release of March inflation figures for the Tokyo area, which are traditionally a good leading indicator for inflation in Japan as a whole.
AUD: Suffering as the CNY proxy - ING
Despite some ongoing reassessment of the dollar, AUD/USD has lagged, ING's FX analyst Chris Turner notes.
NZD/USD: Expected to continue to trade in a range - UOB Group
New Zealand Dollar (NZD) is expected to continue to trade in a range, likely between 0.5710 and 0.5755.
GBP: Retail sales surprise on the upside - ING
UK retail sales surprise on the upside, ING's FX analyst Chris Turner notes.
USD/CAD Price Forecast: Holds above 1.4300 ahead of US PCE Inflation, Canadian GDP data
The USD/CAD pair rises to near 1.4330 during European trading hours on Friday.
Gold stretches its rally to $3,086 and hits a fresh all-time high
Gold price (XAU/USD) is penciling another record performance this Friday, hitting $3,086 as the new all-time high for now and trading around $3,075 at the time of writing.
AUD/USD: Likely to continue to trade between 0.6275/0.6320 - UOB Group
Australian Dollar (AUD) is likely to continue to trade in a range vs US Dollar (USD), expected to be between 0.6275/0.6320.
EUR/USD weakens ahead of US PCE Inflation, Trump's tariff announcement
EUR/USD declines to near 1.0775 during European trading hours on Friday.
US crude oil inventories decline significantly - Commerzbank
US crude oil inventories declined by 3.3 million barrels last week, as reported by the US Department of Energy in the middle of the week, Commerzbank's commodity analyst Carsten Fritsch notes.
GBP/USD: Likely to trade in a 1.2900/1.3000 range today - UOB Group
Pound Sterling (GBP) is likely to trade in a 1.2900/1.3000 range today vs US Dollar (USD).
USD: Price action is going to be instructive - ING
The value of currencies in FX markets is typically driven by interest rate differentials, with FX effectively being seen as an extension of monetary policy.
China exported significantly more Gold to Hong Kong in February - Commerzbank
Data published this week by the Hong Kong Statistics Authority on Gold trade with China confirmed the picture of very weak demand for Gold in China, Commerzbank's commodity analyst Carsten Fritsch notes Gold exports to China and Hong Kong come to a standstill in February "According to the data, 26.4 tons more Gold were delivered from China to Hong Kong in February than vice versa.
Gold remains well supported by political uncertainty - Commerzbank
Gold has reacted positively to the latest US tariffs, Commerzbank's commodity analyst Barbara Lambrecht notes.
EUR/USD: Next resistance at 1.0870 is unlikely to come under threat - UOB Group
Room for Euro (EUR) to rebound further vs US Dollar (USD) and test 1.0825; the next resistance at 1.0870 is unlikely to come under threat.
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Friday, according to FXStreet data.
EUR: Tariff fatigue is evident - ING
EUR/USD held in surprisingly well yesterday - as did European automakers.
Silver Price Forecast: XAG/USD flirts with ascending channel hurdle, around mid-$34.00s
Silver (XAG/USD) climbs its highest level since late October 2024 during the first half of the European session on Friday and currently trades around mid-$34.00s, up nearly 0.30% for the day.
ECB's de Guindos: Trade war would mostly impact economic growth
European Central Bank (ECB) Vice President Luis de Guindos said on Friday, "trade war would mostly impact economic growth."
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