Daily market news

The battle between the Australian Dollar (AUD) and the US Dollar (USD) persists on Friday, with bulls in the AUD/USD pair continuing to push for a break through the next major resistance level at 0.6600.

West Texas Intermediate (WTI) Crude Oil prices are holding firm above $67.00 on Friday as traders digest a shift in the fundamental landscape.

The Euro (EUR) extends its advance against the Japanese Yen (JPY) on Friday, rebounding from a two-day losing streak as the Japanese currency remains broadly weaker against its major peers.

The US Dollar (USD) is trading confidently against the Japanese Yen (JPY) on Friday, as yield differentials and tariff risks continue to weigh on the safe-haven Yen.

Silver (XAG/USD) is trading at a fresh YTD high on Friday as tariff threats and market uncertainty drive demand for safe-haven assets.

US Dollar (USD) may retest the 147.20 level against Japanese Yen (JPY); a sustained advance above this level seems unlikely.

Outlook appears unclear; New Zealand Dollar (NZD) could trade in a range between 0.5995 and 0.6045 against US Dollar (USD). In the longer run, price action indicates that further NZD weakness is likely; the level to watch is 0.5950, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Risk of Euro (EUR) breaking the major support at 1.1660 against US Dollar (USD) is increasing; the next support at 1.1625 is probably out of reach.

The EUR/USD pair is trading lower for the third consecutive day on Friday, with risk appetite subdued after the US President Donald Trump announced that the European Union (EU) will be included in the next batch of tariff letters and raised blanket levies for all other countries to 15% or 20% from t

West Texas Intermediate (WTI) Oil price retraces its more than 2% losses registered in the previous session, trading around $66.10 per barrel during the Asian hours on Friday. Crude Oil prices receive support from rising geopolitical risk premiums, driven by potential supply concerns.