Daily market news

The USD/CHF pair attracts some sellers to around 0.8550 during the early European session on Friday, pressured by the weaker US Dollar (USD). The Swiss Franc (CHF) gathers strength against the Greenback amid an increased risk-off mood by investors.

The EUR/USD pair trades in positive territory for the third consecutive day around 1.1080 during the early European session on Friday bolstered by the broader US Dollar weakness. Investors await the German Factory Orders and US employment report, which will be published later on Friday.

The AUD/USD pair comes under intense selling pressure during the Asian session on Friday and retreats further from a nearly three-week high, around the 0.6400 neighborhood touched the previous day.

The AUD/USD pair edges higher to around 0.6330 during the early Asian session on  Friday. The US Dollar (USD) weakens against the Australian Dollar (AUD) as US President Donald Trump's fresh trade tariffs stoke fears of a global recession.

New Civil Liberties Alliance, a conservative legal group, on Thursday filed what it said was the first lawsuit seeking to block US President Donald Trump's tariffs on Chinese imports, claiming that the president overstepped his authority, per Reuters. 

The NZD/USD pair continued its positive run on Thursday, holding firm near the 0.5800 area and gaining momentum ahead of the Asian session.

During Thursday’s session, the USD/CHF pair suffered a sharp decline, tumbling toward the 0.8600 region and marking its weakest levels in nearly six months.

The NZD/USD pair advances swiftly to near 0.5850 in Thursday’s North American session.

EUR/USD climbs to its highest level since October around 1.1145 in Thursday’s North American session and gains an almost 2.5% on the day.

Crude oil prices decline sharply on Thursday, pressured by growing concerns over the demand outlook following US President Donald Trump's tariff announcements and OPEC+ decision to increase oil output.