Daily market news

The EUR/USD pair managed a modest rebound on Friday, rising by 0.2% to 1.0495 after testing fresh lows earlier in the week.

Silver prices dropped on Friday after buyers could not hold prices above $31.00.

The USD/CHF pair aims to revisit a five-month high of 0.8960 in Friday’s North American session.

The Euro is rallying for the second consecutive day on Friday and approaches the 0.8300 level after bouncing from a two-year low at 0.8225 earlier this week.

US Dollar (USD) is expected to trade with an upward bias, but is unlikely to reach the major resistance at 153.30.

Australian Dollar (AUD) is expected to trade in a 0.6350/0.6410 range.

The USD/CAD pair holds gains near a fresh more than four-year high at 1.4245 in Friday’s European session.

EUR/USD broadly consolidates near 1.0470 in Friday’s European session, staying under bearish pressure after comments from European Central Bank (ECB) President Christine Lagarde on Thursday indicated that more interest rate cuts are in the pipeline, a scenario that has dampened the Euro’s (EUR) outlook.

EUR/GBP extends its gains for the second successive session following the release of key economic data from the United Kingdom (UK) and Germany, the largest economy in the European Union (EU) and the world's third-largest exporter.

Silver price (XAG/USD) extends its losses for the second session, trading around $30.90 per troy ounce during the Asian hours on Friday.