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Since US President Trump’s reciprocal tariffs address on April 2, the EUR is the second best performing G10 currency after the safe-haven CHF, Rabobank’s FX analyst Jane Foley reports. EUR holds ground amid tariff turmoil”The EUR’s resilience has stemmed from the optimism triggered by the relaxation in Germany’s debt brake in March and by the broad-based assumption that this was a game changing event for the region. The EUR was boosted further by the rotation out of US assets triggered by fears that Trump’s tariffs could push the US into recession and trigger a spike in inflation.””The rotation trade has…

AUD/USD slips from YTD high as rising US yields lift demand for the US Dollar.US Dollar gains traction on trade optimism and steady Fed expectations.AUD/USD rejection at wedge resistance raises downside risks below 0.6600.The Australian Dollar (AUD) is losing ground against the US Dollar (USD) on Friday, pressured by rising US Treasury yields that continue to support demand for the Greenback. After climbing to a year-to-date high of 0.6625 on Thursday, AUD/USD has slipped, trading below 0.6600 at the time of writing.Market sentiment toward the US Dollar has improved. While President Donald Trump continues to criticize the Federal Reserve (Fed)…

Gold slips below $3,350 as rising US yields and a stronger US Dollar pressure prices.Hopes for progress in US–China and EU–US trade talks lift risk appetite, reducing demand for Bullion..XAU/USD threatens triangle support as sellers pressure prices below $3,350.Gold is trading lower on Friday as risk appetite improves, trade tensions ease, and the US Dollar firms.At the time of writing, XAU/USD is trading below $3,330, down over 1% on the day, pressured by rising US Treasury yields and fading demand for safe-haven assets.Friday’s US Durable Goods Orders report showed a 9.3% decline in June, better than the 10.8% drop expected…

Trump Accounts, recently introduced as part of the One Big Beautiful Bill Act (OBBBA), are generating a lively debate among savings and retirement experts.Presented as a new form of birthright investment account, could these accounts really rival, or even surpass, Individual Retirement Accounts (IRAs)? A closer look is in order.A financial boost from birthThe principle behind Trump Accounts is simple: for each child born between 2025 and 2028, the US Government automatically pays an initial deposit of $1,000, provided the child has a Social Security number.Thereafter, parents, employers or other entities can contribute up to $5,000 per year to this…

The US Dollar strengthens for a second day on Friday, supported by solid US economic data and improving sentiment on trade.Markets remain cautious ahead of next week’s Federal Reserve decision and the August 1 tariff deadline.The DXY US Dollar Index trades near 97.80 after finding strong support at the 97.00 psychological level.The US Dollar (USD) trades with a positive tone for the second straight day on Friday, drawing strength from upbeat US economic data and fresh optimism on trade. On Thursday, better-than-expected weekly Initial Jobless Claims and steady Purchasing Managers Index (PMI) figures helped ease recession worries, supporting the view…

While we have left our Gold price forecast unchanged, we are revising our forecasts for Silver, Platinum, and Palladium upward, Commerzbank’s commodity analyst Carsten Fritsch notes. Silver and Platinum are likely to follow Gold”We expect the price of Silver to reach $39 per troy ounce by the end of the year (previously $37), the price of Platinum to reach $1,350 per troy ounce (previously $1,250) and the price of Palladium to reach $1,200 ($1,100).” “We therefore consider the majority of the recent price increase for the three precious metals to be sustainable, as it has reduced the previously significant undervaluation…

Gold demand in China fell by 3.5% year-on-year in the first half of the year, according to the China Gold Association, Commerzbank’s commodity analyst Carsten Fritsch notes. Investment demand is significantly more important for price trends Strong demand for bars and coins, which rose by 24% to 264 tons, prevented a sharper decline. This almost offset the 26% slump in jewelry demand to 200 tons. It is also noteworthy that demand for bars and coins was higher than demand for jewelry.” “While demand for jewelry suffered from record high prices, demand for bars and coins benefited from the high level…

The price of Gold fell significantly during the last two days, reversing the gains made in the first half of the week, Commerzbank’s commodity analyst Carsten Fritsch notes Gold is less in demand as a safe haven “This morning, Gold is trading at just under $3,350 per troy ounce. Headwinds are coming from the easing of the trade conflict. A few days ago, a trade agreement was reached between the US and Japan, which could also serve as a blueprint for an agreement between the US and the EU.” “The resulting optimism led to an increase in risk appetite in…

The rupee declined 12 paise to settle at 86.52 (provisional) against the US dollar on Friday, tracking negative domestic equity markets and surging global crude oil prices.A strengthening American currency overseas and foreign fund outflows further weighed on the local unit, forex traders said.At the interbank foreign exchange, the domestic unit opened at 86.59 and hit the lowest level of 86.63 against the greenback. The unit touched the intra-day peak of 86.47 before ending the session at 86.52 (provisional), registering a loss of 12 paise from its previous closing level.On Thursday, the rupee saw some initial recovery but ended the…

The Indian rupee fell to a one-month low on Friday, and logged its third straight weekly decline, pressured by outflows from local stocks and caution among investors ahead of a news-heavy week dominated by tariffs and central bank decisions. The rupee closed at 86.5150 against the U.S. dollar on Friday, down 0.4% on the week. The local currency hit a low of 86.6250 earlier in the session, its weakest level since June 23. India’s benchmark equity indexes, the BSE Sensex and Nifty 50, fell about 0.9% each, weighed down by a fall in global equities alongside worries over weak corporate…