AED/CAD Exchange rate
Editors’ Picks
EUR/USD clings to gains above 1.1700 amid EU-US trade optimism
EUR/USD posts small gains above 1.1700 in the European session on Thursday. The pair stays supported as the US Dollar faces headwinds from lingering US tariffs and economic woes while the Euro capitalizes on increased hopes of an EU-US trade deal. Attention turns to central bank talks and mid-tier US data for fresh trading impetus.
Crypto market sees $500 million in liquidation as Bitcoin hit record highs amid dovish Fed minutes
Bitcoin reached a new all-time high of $111,999 on Wednesday amid dovish Fed minutes, fueling wider market optimism. CoinGlass data shows that over $500 million in leveraged positions were liquidated across crypto markets in the past 24 hours.
GBP/USD stays well bid above 1.3600 as US Dollar continues to sag
GBP/USD trades with moderate gains above 1.3600 in European trading on Thursday. The US Dollar softens against the Pound Sterling amid growing uncertainty around the impact of Trump's tariffs on the economy and the Fed's interest rate outlook. Fedspeak and US data are awaited.
Gold price struggles to capitalize on its modest intraday gains amid mixed cues
Gold price (XAU/USD) trims a part of modest intraday gains, though it manages to retain positive bias for the second straight day and trades around the $3,320 area during the early European session on Thursday.
New US tariffs target Asia, but some countries stand to gain
President Trump’s new tariffs are higher than expected for most Asian economies. Moreover, most countries will face additional tariff rates on transshipments. The new announcements are silent on Singapore, India and the Philippines, which might stand to benefit from tariff concessions if negotiations progress favourably.