Brown Brothers Harriman’s Elias Haddad notes that resilient US growth and sticky PCE inflation keep the Dollar supported despite improved risk sentiment from progress on a US-Iran deal.
Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $75.51 per troy ounce, down 0.17% from the $75.64 it cost on Thursday.
The EUR/USD pair loses momentum to around 1.1635 during the early European trading hours on Friday. Mixed signals surrounding the US-Iran peace deal remain the primary driver of volatility. Traders will keep an eye on the preliminary readings of Germany’s inflation later on Friday.