Daily market news

West Texas Intermediate (WTI) US crude Oil prices struggle to capitalize on a two-day-old recovery move from the lowest level since May 2023 and oscillate in a range around mid-$68.00s through the first half of the European session on Friday.

EUR/GBP recovers intraday losses, trading around 0.8430 during the early European hours on Friday.

Here is what you need to know on Friday, September 13: Following the bullish action seen in the first half of the week, the US Dollar (USD) Index turned south on Thursday and erased all of its weekly gains.

The EUR/USD pair builds on the previous day's goodish recovery move from the 1.1000 psychological mark, or a nearly four-week low and attracts some follow-through buyers for the second straight day on Friday.

Silver price (XAG/USD) continues its winning streak that began on September 9, trading around $29.90 per troy ounce during the Asian hours on Friday.

The USD/CAD pair reverses a modest Asian session dip and currently trades around the 1.3575 region, nearly unchanged for the day, though any meaningful appreciating move still seems elusive.

EUR/USD found higher ground on Thursday, rising back above the 1.1050 level as markets lean into a risk-on stance after US Producer Price Index (PPI) figures kept up market hopes for an opening volley from the Federal Reserve (Fed) next week.

GBP/USD turned higher on Thursday, rising back above the 1.3100 handle after the Greenback went limp amid a broad-market uptick in risk-on market sentiment.

The USD/JPY fell from around 143.00 peak and lost over 0.28% due to mixed economic data from the United States (US), bolstering the odds for the Federal Reserve’s first rate cut next week.

The USD/JPY pair falls sharply to near 142.00 in Thursday’s North American session.