AED/EUR Exchange rate
Editors’ Picks
AUD/USD remains subdued as US Dollar gains ground due to Trump tariff threats
The Australian Dollar faces challenges as Trump’s tariff threats have created a headwind for the risk-sensitive currencies. The AUD declined as Chinese policymakers considered letting Yuan fall in response to an expected sharp hike in US tariffs. The US Dollar gained ground following a hotter-than-expected US PPI report released on Thursday.
USD/JPY holds gains below 153.00 on fading hopes of BoJ rate hike
USD/JPY holds gains below a two-week high near 153.00 in Asian trading on Friday. The pair's upside is due to the growing acceptance that the BoJ will not raise rates next week. Further, the ongoing US Dollar advance, bolstered by expectations for a hawkish Fed rate cut, supports the pair.
Gold attracts some buyers to near $2,700, traders brace for Fed rate decision
Gold price recovers some lost ground to around $2,690 during the Asian trading hours on Friday after retreating from a five-week high in the previous session. All eyes will be on the US Federal Reserve interest rate decision next week.
Pro-crypto French Hill selected as Chairman of the House Financial Services Committee
Republican party members selected pro-crypto French Hill as the Chairman of the US House Financial Services Committee on Thursday to replace retiring Patrick McHenry.
Can markets keep conquering record highs?
Equity markets are charging to new record highs, with the S&P 500 up 28% year-to-date and the NASDAQ Composite crossing the key 20,000 mark, up 34% this year. The rally is underpinned by a potent mix of drivers.