EUR/USD
The EUR/USD pair extends the decline to around 1.1680 during the Asian trading hours on Friday. The Euro (EUR) faces some selling pressure against the Greenback after US President Donald Trump announced a new tariffs policy, adding to the uncertainty around his evolving trade policy. The European Central Bank (ECB) policymakers Fabio Panetta and Piero Cipollone are set to speak later on Friday.
GBP/USD
GBP/USD churned chart paper in familiar territory through Thursday, cycling through the same block of intraday levels near the 1.3600 handle. Broad-market sentiment recovered from fresh tariff woes early in the week, but investors continue to bank on a broad walkback (or further suspensions) of tariffs threatened by US President Donald Trump.
USD/JPY
USD/JPY rallied hard to retake 147.00 early Friday following the previous day’s good two-way price swings while staying on track to register weekly gains. Reduced BoJ rate hike bets undermine the Japanese Yen as investors run for cover in the US Dollar amid mounting Trump’s tariff tensions.
AUD/USD
AUD/USD eases from YTD peak near 0.6600 in the Asian session on Friday amid a combination of supporting factors. The RBA’s surprise on hold rate decision lends some support to the Aussie as renewed US Dollar upside, on Trump’s latest tariff threat on Canada, drags the pair lower.
NZD/USD
The NZD/USD pair loses ground to near 0.6015, snapping the three-day winning streak during the early Asian session on Friday. The New Zealand Dollar (NZD) weakens against the Greenback amid ongoing trade jitters. Traders will closely monitor the US trade headlines for fresh impetus.
USD/CAD
USD/CAD trades around 1.3700 during the Asian hours on Friday after recovering recent losses registered in the previous session. The pair appreciates as the Canadian Dollar (CAD) faces challenges following US President Donald Trump’s announcement of a 35% tariff rate for goods imported from Canada, effective August 1. Trump further stated that the European Union (EU) would receive a letter notifying them of new tariff rates “today or tomorrow.”
USD/CHF
The Swiss Franc (CHF) weakens against the US Dollar (USD) on Thursday, as the Greenback gains ground following stronger-than-expected US weekly jobless claims data, highlighting ongoing strength in the labor market. However, escalating tariff tensions keep broader market sentiment cautious, with upside potential for the US Dollar likely to remain limited in the near term.
CRUDE OIL
Oil prices held steady in Asian trade on Friday, following steep losses a day earlier, as markets digested fresh U.S. tariff threats from President Donald Trump and remained wary over the OPEC+ supply outlook.
Gold price remains on track for weekly gains, extending its recovery into a third consecutive day on Friday. Traders keep an eye on trade developments amid a data-quiet US calendar ahead.
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