Trading news

Deutsche Bank analysts highlight that the Dollar Index (DXY) strengthened as United States (US) yields moved higher and data remained resilient. Retail sales matched expectations, and the Atlanta Fed’s GDPNow estimate for Q2 was revised up, underscoring solid economic momentum.

The Canadian Dollar (CAD) extends losses against the US Dollar (USD) for the fourth consecutive day on Friday, with the USD/CAD pair trading in the mid-range of the 1.3700s after rallying about 0.5% so far this week.

Commerzbank's Commodity Analyst Barbara Lambrecht highlights that Copper has surged to record levels on the London Metal Exchange, supported by structural demand from the energy transition and data centers.

ING’s Carsten Brzeski argues that Europe has yet to earn its “global euro moment” outlined by European Central Bank (ECB) President Christine Lagarde in 2025.

India FX Reserves, USD rose from previous $690.69B to $696.99B in May 4

The New Zealand Dollar (NZD) accelerates its reversal against a stronger US Dollar (USD) on Friday.

United States (US) President Donald Trump made a series of comments on China, Iran and Taiwan on Friday, according to Reuters reports.

Societe Generale’s Kit Juckes links the Dollar’s trajectory to shifting interest rate and growth differentials, noting that US 2-year Treasury yields have surged since the war with Iran while the Dollar Index has only modestly advanced.

Commerzbank’s Carsten Fritsch notes that the Gold price has retreated sharply as markets price in renewed US rate hikes after strong producer price data.

USD/CHF extends its advance for the fourth consecutive day on Friday and trades around 0.7850 at the time of writing, up 0.15% on the day. The pair benefits from the rebound in the US Dollar (USD), supported by resilient US economic data and renewed risk-off sentiment across markets.

TD Securities economists expect Canadian Manufacturing Sales to rise 3.2% month-on-month in March, slightly below market consensus. They highlight higher gasoline prices and a 20% jump at the pump as key drivers, alongside stronger transportation products.

Brown Brothers Harriman’s (BBH) Elias Haddad notes the US Dollar (USD) is strengthening as firm Oil prices lift bond yields and weigh on equities, while the US-China summit delivered only marginal diplomatic progress.

India Trade Deficit Government rose from previous $20.9B to $28.38B in April

Deutsche Bank’s Shreyas Gopal reiterates a long EUR/GBP stance after United Kingdom (UK) local elections, arguing that UK political uncertainty is likely to persist through summer.

Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $78.44 per troy ounce, down 6.02% from the $83.47 it cost on Thursday.

Commerzbank’s Michael Pfister argues that Japanese authorities cannot rely on FX interventions alone to support the Japanese Yen (JPY) against the US Dollar (USD).

Gold (XAU/USD) falls for a fourth straight day, dropping near $4,550 as the US Dollar (USD) strengthens. The Greenback is supported by rising expectations of a hawkish Federal Reserve (Fed) following strong US inflation and Retail Sales data.

ING’s Frantisek Taborsky flags that a new interview with the Czech National Bank governor underlines a dovish tilt despite talk of possible hikes.

Crude Oil prices maintain their bullish trend on Friday, with the US Benchmark West Texas Intermediate (WTI) barrel pushing to fresh weekly highs above $100.00, after US President Donald Trump affirmed that China agreed to buy US Crude, but no specific plan to reopen the critical Strait of Hormuz ha

DBS Group Research’s Philip Wee notes that the first day of the Trump-Xi Summit in China favoured USD Bulls as President Trump stressed economic cooperation and trade rollbacks.