USD/SGD Exchange rate

EUR/USD pulls away from the two-week-high it set above 1.1370 and trades below 1.1350 in the American session on Friday. US President Donald Trump said that he is recommending a "straight 50% tariff" on European imports, making it difficult for the pair to preserve its bullish momentum.

GBP/USD capitalizes on the heavy selling pressure surrounding the US Dollar and trades at its highest level since February 2022 near 1.3500 in the European session on Friday. The data from the UK showed that Retail Sales rose by 1.2% in April, surpassing the market expectation of 0.2% and supporting Pound Sterling.

Gold builds on its weekly gains and trades above $3,350 in the second half of the day on Friday. The selling pressure surrounding the US Dollar and the risk-averse market atmosphere after US President Donald Trump threatened 50% tariffs on European imports fuel XAU/USD's rally.

Trump grows irate at Apple's move into India. President claims Apple must produce US-sold iPhone in US or face a 25% tariff. US equity futures slip more than 1% in Friday premarket after Trump threatens the EU with a 50% tariff.

XRP sustains mid-week recovery as XRP/BTC flashes golden cross for the first time since 2017. Large volume holders increase XRP exposure, indicating rising demand and investor confidence.