EUR/USD
EUR/USD continues its decline for the third consecutive day, trading near 1.0390 during the Asian session on Friday. The pair weakens as the risk-sensitive Euro faces selling pressure amid heightened risk aversion following renewed US-EU trade tensions. US President Donald Trump hinted at imposing “reciprocal” tariffs on the European Union (EU) as early as April.
GBP/USD
GBP/USD turned south and tumbled on Thursday, falling nearly six-tenths of a percent and sending bids skidding back into the 1.2600 handle. Risk sentiment is souring after a batch of US data points toward a general lack of strength within the US economy, as well as flagging an extended uptick in core US inflation pressures.
USD/JPY
USD/JPY remains under intense selling pressure to trades near 149.50 in Friday’s Asian trading. Despite dismal Tokyo CPI and Japan’s Retail Trade data, the Japanese Yen stands resilient due to risk aversion. The US Treasury bond yields sell-off weighs heavily on the pair ahead of US PCE data.
AUD/USD
AUD/USD sits at monthly lows, eyeing 0.6200 early Friday. Traders remain risk averse amid US tariff threats, underpinning the safe-haven US Dollar and dragging the pair lower. All eyes now remain on the US PCE inflation data for fresh trading impulse.
NZD/USD
The NZD/USD pair extends its decline to near 0.5625 during the early Asian session on Friday. The concerns about US President Donald Trump’s tariffs exert some selling pressure on the New Zealand Dollar (NZD). Later on Friday, the US Personal Consumption Expenditures (PCE) Price Index data for January will be in the spotlight.
USD/CAD
The USD/CAD pair extends the rally to around 1.4440 on a stronger US Dollar (USD) during the late American session on Thursday. The Canadian Dollar (CAD) weakens to a three-week low as US President Donald Trump said that tariffs on Canadian goods will go into effect on March 4, clearing up some confusion on the timing and dashing hopes of a reprieve.
USD/CHF
The USD/CHF pair trades in positive territory for the second consecutive day around 0.8970 during the early European session on Thursday. A modest recovery in the US Dollar (USD) provides some support to the pair.
CRUDE OIL
Oil prices eased on Friday, heading for their first monthly drop since November, as uncertainty over global economic growth and fuel demand from Washington’s tariff threats and further signs of a U.S. economic slowdown outweighed supply concerns.
Gold price struggles near two-week lows below $2,900 in Friday’s Asian trading hours, looking to snap its eight consecutive weekly gains. Traders weigh the latest tariff threats from US President Donald Trump and the sharp decline in the American artificial intelligence leader Nvidia’s share price.
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