The Euro (EUR) edges lower against the US Dollar (USD) on Friday, pressured by renewed tariff threats from the United States (US) and a broader wave of risk aversion that has lifted demand for the Greenback.
Silver (XAG/USD) is trading at a fresh YTD high on Friday as tariff threats and market uncertainty drive demand for safe-haven assets.
Oil prices came under pressure yesterday with ICE Brent settling more than 2.2% lower, taking it back below US$70/bbl. This morning, prices have recouped some of this decline after President Trump said he plans to make a “major” statement on Russia on Monday.