Euro (EUR) was better bid as political concerns somewhat faded, and USD retreated. Last at 1.1675 levels.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $63.95 during the early European trading hours on Friday. The WTI loses ground amid expectations of lower demand in the United States (US).
The US Dollar (USD) extended further its weekly correction as jitters surrounding the Fed’s independence remained unabated, while tariff uncertainty and the increasing likelihood of a rate cut by the Federal Reserve in September also contributed to the sour sentiment around the Greenback.