Brown Brothers Harriman (BBH) reports that the USD has pared back some gains, particularly against commodity-sensitive currencies. The report highlights a surge in AI capital expenditures, which is expected to drive commodities, especially precious and industrial metals.
The Euro (EUR) ticks up against the US Dollar (USD) on Friday, trading near 1.1800 at the time of writing after hitting fresh two-week lows of 1.1765 earlier on the day.
USD/CAD remains steady after paring daily gains, trading around 1.3700 during the Asian hours on Friday. The pullback reflects support for the commodity-linked Canadian Dollar (CAD) as Oil prices recover.