USD/CHF closes the week with a 0.04% increase, dropping 1.37% to a one-month low of 0.8054. Currently trading at 0.8104, the pair sees a rise due to heightened Dollar demand amidst risk aversion.
Gold price surges for the third day in a row due to Israel-Iran conflict, causing a risk-off sentiment in financial markets. XAU/USD is currently trading at $3,422, marking a more than 1% increase.
EUR/JPY pauses five-day rally, hovers around 165.80 in Asian trading on Thursday. Bullish momentum strengthens as the currency pair follows an upward trend within an ascending channel pattern on the daily chart, as per technical analysis.
GBP/USD rises as US consumer inflation report disappoints, sparking speculation of Fed rate cuts in 2025.
May Consumer Price Index (CPI) data to show increase in US inflation
WTI Crude Oil Prices Surge to Seven-Week Highs on Trade Deal Hopes and Weaker Dollar
Australian Dollar (AUD) strengthens against US Dollar, bouncing back from previous losses. AUD/USD pair shows resilience after China's economic data release.
Canadian Dollar (CAD) strengthens on robust employment figures, surpassing market expectations for job growth.
During the North American session, GBP/USD dropped by more than 0.30% following the latest US jobs report. The US economy showed strength, keeping the pair at 1.3526 after reaching a peak of 1.3586 earlier in the day.
GBP/USD drops over 0.30% as US jobs report keeps economy strong. Pair trades at 1.3526 after hitting daily high of 1.3586.
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