The Canadian Dollar trims part of its intraday gains as uncertainty surrounding a final US-Iran peace agreement and expectations of a hawkish Federal Reserve (Fed) help the US Dollar recover some of its losses after coming under pressure from Thursday's broadly in-line US Personal Consumption Expend
The Korean Won (KRW) trades higher on Friday after a knee-jerk reaction at the 1,550 level against the US Dollar (USD), triggering speculation about an intervention by the South Korean Ministry of Finance.
ING strategists Warren Patterson and Ewa Manthey observe that Gold stabilized after dropping below the $4,000/oz mark earlier in the week, supported by lower US Treasury yields following softer US inflation data.