EUR/USD
EUR/USD stays defensive near 1.0450 in the European morning on Friday. The US Dollar pauses its decline, despite an upbeat mood. Traders digest the latest Trump’s tariffs and Russia-Ukraine peace deal updates, bracing for a busy EU and US economic calendar.
GBP/USD
GBP/USD remains on the front foot above 1.2550 in the early European session on Friday. The pair benefits as the US Dollar consolidates the downside and risk sentiment remains in a sweeter spot due to the delay in Trump’s reciprocal tariffs. The focus shifts to the US Retail Sales data.
USD/JPY
USD/JPY remains steady after registering losses in the previous session, trading around 152.60 during the Asian hours on Friday. The pair faced challenges following US President Donald Trump’s decision to postpone the implementation of reciprocal tariffs. Additionally, the US Dollar (USD) weakens amid falling US yields across the curve, despite ongoing concerns about a global trade war. Investors now await the release of US Retail Sales data later in the day.
AUD/USD
The Australian Dollar (AUD) strengthens for the second consecutive day on Friday, driven by US President Donald Trump’s decision to postpone the implementation of reciprocal tariffs. Additionally, the AUD/USD pair appreciates as the US Dollar (USD) weakens amid falling US yields across the curve, despite ongoing concerns about a global trade war. Investors now await the release of US Retail Sales data later in the day.
NZD/USD
USD/JPY remains steady after registering losses in the previous session, trading around 152.60 during the Asian hours on Friday. The pair faced challenges following US President Donald Trump’s decision to postpone the implementation of reciprocal tariffs. Additionally, the US Dollar (USD) weakens amid falling US yields across the curve, despite ongoing concerns about a global trade war. Investors now await the release of US Retail Sales data later in the day.
USD/CAD
The USD/CAD pair continues its losing streak for the fourth successive session, trading around 1.4190 during the Asian hours on Friday.
USD/CHF
The USD/CHF pair gains ground to around 0.9045 during the early European session on Friday. The renewed US Dollar (USD) demand provides some support to the pair. However, the safe-haven flows amid the uncertainty and geopolitical risks might cap the upside of USD/CHF.
CRUDE OIL
Oil prices rose on Friday, poised to end three weeks of decline, buoyed by rising fuel demand and expectations that U.S. plans for global reciprocal tariffs would not come into effect until April, giving more time to avoid a trade war.
Gold price extends its upside during the early European trading hours on Friday. The growing concerns about US President Donald Trump’s tariff plans provide some support to the precious metal.
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