On Friday, the euro maintains its upward trend in the second half of the week, pushing EUR/USD to the 1.1230 level. Today, the market is focusing on Christine Lagarde’s speech, the European Central Bank’s president.
From early Friday, GBP/USD was down at a daily range of 1.3279 – 1.3325.
The USD/JPY pair was last seen hovering around the 114.70-65 region, near the lower end of its daily trading range.
The AUD/USD pair while taking offers around 0.7135, was down 0.78% during Friday morning in Europe. The pair marks the heaviest daily fall in three weeks.
Early today, the NZD/USD pair after falling to its lowest level since late August, remains under pressure around 0.6825. The pair was down 0.50 % intraday.
By early Friday, the USD/CAD pair has seen the first positive day in the last four. With 0.36 % daily gains, the pair has risen to an intraday high of 1.2693. The strength of the US dollar and the decline in the price of Canada’s main export item, the WTI crude oil have affected the rise.
During the early Asian session on Friday, the USD/CHF pair remains under pressure around intraday lows. Closing at 0.9330, down 0.27 % on the time of writing.
Gold is up 0.55% at $1,799 heading into Friday’s European session. The XAU/USD pair marks the heaviest daily run-up in a week. Due to Covid-19 negative effect, the yellow metal benefits from the drop in US Treasury yields to extend the previous day’s recovery moves.
Brent crude futures fell $3.16, or 3.8 %, to $79.06 a barrel by 07:33 GMT, extending their losses for a third session. The new covid-19 variant from South Africa alarmed the investors, that prices may fall to previous low crude oil levels. At $74.94 a barrel, US West Texas Intermediate crude was down $3.45, or 4.4 %. Due to the Thanksgiving holiday, there was no WTI settlement on Thursday.
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