Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

EUR/USD strengthens as ECB hikes interest rates for first time since 2023

The EUR/USD pair gathers strength to around 1.1575 during the early Asian trading hours on Friday. The Euro edges higher against the US Dollar on the European Central Bank interest rate hike and improved risk sentiment.

GBP/USD: British Pound eases from weekly high vs USD as Iran risks and UK data looms

The GBP/USD pair struggles to capitalize on the previous day's sharp intraday rally of over 100-pips and edges lower during the Asian session on Friday. Spot prices currently trade near the 1.3400 mark as investors keenly await further developments surrounding the Middle East crisis and the UK macro data dump.

Gold consolidates above $4,200 as Hormuz risks and Fed bets support USD

Gold is seen consolidating the previous day's strong recovery from the YTD low and trading comfortably above $4,200 during the Asian session on Friday. Despite Trump's claim that a peace deal with Iran has been approved, a standoff over the Strait of Hormuz and Tehran's frozen funds keep a lid on the latest optimism. Furthermore, traders are still pricing in a greater chance of a rate hike by the Fed in 2026 amid sticky inflation, which helps revive the US Dollar demand and caps the upside for the bullion.

Crypto Today: Bitcoin, Ethereum, XRP rebound broadens despite continued US-Iran strikes

Bitcoin steadies its recovery on Thursday, edging higher toward $63,000 despite incessant capital outflows. Meanwhile, altcoins, including Ethereum and Ripple, exhibit subtle rebound signs, trading above $1,650 and $1.12, respectively.

AI Crypto Forecast: Bittensor, Near Protocol, Internet Computer rebound gains traction

Cryptocurrency prices are broadly rising on Thursday, following an overstretched downtrend. Despite sticky geopolitical tensions in the Middle East, tokens at the intersection of the blockchain technology and Artificial Intelligence (AI), including Bittensor (TAO), Near Protocol (NEAR) and Internet Computer (ICP) are testing recovery potential.

4.2% headline, 0.2% core: Why the Fed's next hike may be targeting the wrong problem

May's CPI put headline inflation at 4.2% on the year, up from 3.8% in April and the hottest reading since April 2023, while core prices rose just 0.2% on the month, undershooting the 0.3% consensus and halving April's pace.