US Treasury Sec. Bessent: We don't get a recursive Biden-flation

EUR/USD now manages to regain upside impulse, extending its bounce to the 1.1630 region, or daily tops, always on the back of the renewed selling pressure on the US Dollar. Meanwhile, investors gear up for a busy US docket as well as comments from Fed officials.

The better tone in the risk complex helps the British Pound on Friday, motivating GBP/USD to reclaim the 1.3400 hurdle and beyond on the back of the modest pullback in the Greenback. Moving forward, traders are expected to closely follow results from key US data releases.

Gold adds to Thursday’s small decline and revisits the $4,600 region per troy ounce at the end of the week. The precious metal’s corrective move comes on the back of easing geopolitical tensions as well as some improvement in the risk-linked universe.

Bitcoin holds above $95,400 on Friday after rallying 5% so far this week. Ethereum and Ripple followed BTC’s footsteps, hovering around key levels after their upside moves.

Despite the influx of tariff revenue, the federal government continues to run a massive budget deficit. The December budget shortfall came in at $144.75 billion, a record for the month. That was 68 percent higher than December 2024.

Pump.fun (PUMP) edges higher by almost 5% at press time on Friday, recovering from a 3% decline the previous day. The release of the new callout feature on the Solana-based launchpad platform for creators could boost trading activity.