USD/TRY: Turkey's Lira has firmed to 5.2625 - Turkish delegation going to Washington

Ross J Burland FXStreet

Turkey's Lira has firmed to 5.2625 against the greenback after reports of a Turkish delegation going to Washington.

There have been wires that a preliminary understanding has been reached between Turkey and U.S. over sanctions.

Sources have stated that the two nations have reached consensus to agreed to continue face-to-face meeting and that a Turkish delegation is being arranged to head over to Washington within the next two days.

This follows a retaliation by President Recep Tayyip Erdoğan who froze assets of the U.S. justice and interior secretaries in Turkey after Washington decided to impose sanctions on Interior Minister Süleyman Soylu and Justice Minister Abdulhamit Gül over the detention of terror-linked pastor Andrew Brunson.

However, sources have said that "both U.S. and Turkish officials have reiterated their willingness to develop diplomatic relations and resolve problems, further expressing mutual appreciation for upholding diplomatic dialogue and constructive attitude."

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.