According to the International Copper Study Group, the Copper market slipped from a supply surplus to a supply deficit of 50 thousand tons in April, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Ripple (XRP) extends losses on the third day in a row after its bullish momentum lost steam under the resistance level at $2.23. The path of least resistance is downward, with technical indicators reinforcing the bearish grip while the XRP price hovers at around $2.08 on Friday.
The GBP/JPY cross gains ground to around 198.40 during the early European session on Friday. The Japanese Yen (JPY) weakens against the Pound Sterling (GBP) due to improved risk sentiment.