US President Donald Trump said on Saturday that the US struck military targets at a strategic Iranian outpost in the Persian Gulf and warned it could hit oil infrastructure next if Tehran keeps disrupting energy flows in the Strait of Hormuz, intensifying the two-week conflict in the region.
The Euro finalized the week posting losses of over 1.74% against the Greenback and 0.84% in the day. The EUR/USD posted four bearish days after falling below the 200-day Simple Moving Average (SMA) at 1.1672, turning the pair bearishly biased. At the time of writing, the pair trades at 1.1414.
An article of the Wall Street Journal mentioned that a Federal Judge threw out a pair of subpoenas that the Justice Department issued to the Federal Reserve Chair Jerome Powell.
Gold price loses some 0.70% on Friday. It seems poised to end the week with losses of more than 2% as the Greenback remains the choice for safety amid the Middle East conflict, which has increased investors' angst over a reacceleration of inflation.
A massive trade on the decentralized finance (DeFi) lending protocol Aave (AAVE) has triggered debate across the crypto industry after a user lost nearly $50 million in a single transaction due to extreme slippage.
OCBC strategists Sim Moh Siong and Christopher Wong highlight that USD/KRW has pushed toward 1,495, reflecting KRW’s high-beta nature during geopolitical stress and energy price spikes.
The US Dollar (USD) is ending the week on a firmer stance as the US/Israeli war against Iran closes in on two weeks. Iran's closure of the Strait of Hormuz has spiked Oil prices, boosting inflation risks and prompting investors to hide in safe-haven currencies like the Greenback.
Commerzbank’s Senior Economist Dr. Henry Hao expects upcoming China data to confirm a structural divergence: Industrial Production around 5.5% year-on-year, supported by a 21.8% export surge in green tech, versus modest 3.0% retail sales and subdued Fixed-Asset Investment near 1.5%.
The US Dollar Index (DXY), which measures the Greenback's value against a basket of six major currencies, extends its advance on Friday and is set for a second consecutive weekly gain amid escalating Middle East tensions, which continue to boost demand for the US Dollar (USD).
MUFG analysts Lin Li, Michael Wan, Lloyd Chan and Khang Sek Lee highlight that Asian currencies and rates are vulnerable as the Iran conflict threatens Oil supply via the Strait of Hormuz.
ING’s Chris Turner explains that previously popular long South African Rand positions are being unwound as low inflation comes under pressure, volatility rises and precious metals lose momentum.
West Texas Intermediate (WTI) US Oil trades around $95.30 on Friday at the time of writing, virtually unchanged for the day, as markets balance supply relief measures with escalating geopolitical risks in the Middle East.
BNY’s iFlow data show heightened risk aversion, with bond buying concentrated in G10 and Eurozone debt while EM sovereigns are sold. FX flows highlight outflows from INR and EUR against demand for CNY and ZAR.
WhiteBIT Coin (WBT) holds gains and rises for the fifth consecutive day, trading above $56.00 at the time of writing on Friday. WBT is up over 2% on the day, nearly 4% in the past week and 15% in a fortnight, according to CoinGecko.
Silver price extends its losses for the third straight day, down over 2.90%, as Oil prices recover even though US President Donald Trump lifted sanctions on Russian Oil for 30 days, and the US Dollar trades near three-and-a-half-month highs.
The GBP/USD pair is trading near the 1.3240 price region, falling for a fourth consecutive day, reaching lows it hasn’t touched since December 3, 2025. The downfall of the Great British Pound (GBP) is attributed to a firm US Dollar (USD) amid risk aversion.
Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar is sliding on weaker Canadian employment data and geopolitical concerns, even as US data also softens.
Nordea’s Torbjörn Isaksson reports that Swedish CPIF and CPIF ex energy were confirmed at low year-on-year levels, with seasonally adjusted core measures well below the 2% target. Despite a bounce in core services inflation, overall pressures remain subdued.