Australian Dollar Extends Losses as US Dollar Firms Amid Trade Talks and Economic Data
The Australian Dollar (AUD) is under pressure for a second straight session on Friday, slipping further against the US Dollar (USD) after retreating from an eight-month high of 0.6625 reached on Thursday. The AUD/USD pair continues to face headwinds as global trade developments and cautious sentiment boost demand for the Greenback. US Dollar Gains on […]
Gold Struggles Near Weekly Lows Amid Stronger Dollar and Trade Optimism
Gold (XAU/USD) continues to face selling pressure as Friday’s European session begins, with prices lingering near the previous day’s swing low. The yellow metal is on track for its third consecutive daily loss, weighed down by a strengthening US Dollar and a more optimistic global trade outlook, which is dampening demand for safe-haven assets. The […]
EUR/USD Slips Below Mid-1.1700s as Stronger Dollar and Trade Concerns Weigh
The EUR/USD pair edged lower for a second consecutive day on Friday, retreating from a near three-week high reached earlier. At the time of writing, the pair is hovering around the 1.1740 mark, down slightly by less than 0.10% on the day, with limited follow-through selling pressure. Despite the European Central Bank’s (ECB) decision to […]