US Dollar clings to modest recovery gains, nearing mid-90.00s

Haresh Menghani FXStreet

The US Senate voted to end the government shutdown and eased some of the strong US Dollar bearish pressure.

The greenback gained some positive traction on Tuesday and the move came after the US Senators struck a deal to keep the government funded through Feb. 8.

The USD Index, which measures the greenback's performance against a basket of currencies once again managed to defend the 90.00 handle and rebounded to the 90.35-40 region during the early European session.

The recovery move was further supported by an offered tone surrounding the Japanese Yen, which fell after the BOJ Governor Haruhiko Kuroda smashed speculations that the central bank might scale back its monetary stimulus program.

Despite a modest rebound, unaffected by weaker US Treasury bond yields, the buck remained near a three-year low amid expectations of stimulus withdrawal from other major central banks, including the ECB, which is due to announce its monetary policy decision on Thursday.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.