The EUR/USD pair edges higher and recovers to 1.0900 at the time of writing on Friday, erasing its sluggish performance from earlier this week. The resurgence in the pair comes after two headlines emerged late Thursday. United States (US) Senate
Pound Sterling (GBP) is little changed on the session after UK GDP data fell 0.1% in the January month, a little weaker than forecast, Scotiabank's Chief FX Strategist Shaun Osborne notes.
The Canadian Dollar (CAD) is trading slightly more firmly on the session, helped by an improvement in risk appetite that has lifted high beta FX generally, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCHF shows bullish momentum after testing critical levels during the week. Break above 200-hour moving average signals growing bullish sentiment. Buyers eye 38.2% Fibonacci retracement level at 0.88637 for further upside potential.
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, dips lower again on Friday after a few headlines on tariffs and the US spending bill. The index, which has been limited below the 104.00
Gold has broken out above the upper limit of the range within which it consolidated since February denoting possibility of extension in uptrend, Société Générale's FX analysts note.
It has again been a volatile week in the financial markets. 10Y Bunds almost reached 2.95% during the week but has declined and are trading around 2.85%. 10Y US Treasuries has also been trading in a wide range between 4.15% and 4.35% and is currently at 4.26%, Danske Bank's FX analysts Kristoffer Kjær Lomholt and Filip Andersson report.
Gold reached a fresh record high, trading just shy of US$2,990/oz, following modest US inflation numbers supporting the case for the US Federal Reserve to ease monetary policy, ING's commodity experts Ewa Manthey and Warren Patterson note.
The latest headlines crossing the wires via Reuters, citing the Kremlin saying that both the US and Russia understand there's a need for a Trump-Putin call.
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