Daily market news

Silver price hits a five-month high but retreats toward the $34 figure late on Friday, as traders brace for the weekend, eyeing a busy economic schedule in the United States (US).

EUR/USD extended its upward trajectory on Friday, moving near the 1.0830 region after the European session and toward the upper end of the day’s trading range.

The Pound Sterling remains firm, hovering around 1.2950 against the US Dollar, virtually unchanged, as traders digest the latest inflation report from the United States (US), amid uncertainty about a potential trade war escalation following Trump's imposition of tariffs on cars.

EUR/USD bounces back as the Euro's (EUR) recovers strongly after the European Commission (EC) signaled that it has prepared concessions for the US to escape some tariffs from President Donald Trump, which he will announce on Wednesday.

EUR/GBP attempted a cross above its 200-DMA earlier this month but has faced strong resistance near 0.8450 and has once again dipped below the MA (0.8380), Société Générale's FX analysts note.

EUR/USD holds around 1.08 as Trump imposes auto tariffs and signals lenient reciprocal measures, Danske Bank's FX analyst Jesper Fjärstedt reports.

Australian Dollar (AUD) is likely to continue to trade in a range vs US Dollar (USD), expected to be between 0.6275/0.6320.

Pound Sterling (GBP) is likely to trade in a 1.2900/1.3000 range today vs US Dollar (USD).

The AUD/USD pair extends its sideways consolidative price move for the fourth straight day on Friday and remains confined in a range around the 0.6300 mark through the first half of the European session.

EUR/GBP continues its downward trajectory for the second straight day, trading near 0.8330 in early European hours.