China will hold a press conference about policies and measures on stabilizing employment, ensuring stable growth, and promoting high-quality development on Monday, per Bloomberg.
US President Donald Trump urged Russia on Sunday to stop its attacks in Ukraine, while his top diplomat said the US might walk away from peace efforts if it does not see progress, per Reuters.
The AUD/USD pair trades in negative territory near 0.6390 during the early Asian session on Monday. The US Dollar (USD) edges higher against the Aussie amid signs of easing US-China tensions.
The Mexican Peso extended its gains against the US Dollar for the second consecutive day, poised to finish the week with gains of 0.89%, sponsored by an improvement in risk appetite and better-than-expected Mexico economic data. At the time of writing, the USD/MXN trades at 19.52, down 0.32%.
Gold price made a U-turn and erased Thursday’s gains, falling below the $3,300 mark as the Greenback remained bid and Bullion failed to capitalize on falling US Treasury yields.
The US Dollar (USD) strengthens modestly on Friday as investors digest contradictory messaging from the United States and China regarding potential tariff negotiations. While President Donald Trump suggested dialogue is ongoing, Beijing explicitly denied any current talks.
US President Donald Trump said the US will be reasonable on tariffs, adding that markets are adjusting to tariff policy. He also said Iran's situation is going well and floated a potential interim deal with Iran.
The USD/CAD pair holds steady around the 1.3900 zone on Friday as markets weigh fresh US-China trade headlines and stronger oil prices against a firmer Greenback.
The EUR/GBP pair was seen trading near the 0.8500 mark during Friday's session, edging lower intraday yet holding within the mid-range of 0.8511 to 0.8548. Investors appear cautious amid a light macroeconomic backdrop, with the pair moving in sync with subtle shifts in broader market sentiment.
The EURUSD pair was seen hovering near the 1.1400 region on Friday after easing slightly in the aftermath of the European session. The pair is consolidating within a narrow range between 1.1315 and 1.1391, reflecting a pause in bullish momentum while still holding ground near recent highs.
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