AED/INR Exchange rate

Relentless tariff jitters, coupled with renewed weakness in the US Dollar, have propelled gold prices back toward record territory—hovering just above $3,060 per troy ounce.

The renewed selling pressure in the US Dollar continues to underpin the improvement in the risk complex and motivates EUR/USD to reverse part of the multi-day decline with the next target at 1.0800 the figure.

The selling pressure on the Greenback motivates GBP/USD to regain upside traction, leave behind Wednesday's hiccup and refocus on the 1.2950 region and beyond on Thursday.

BlackRock, a giant with $11.5 trillion in assets under management, spent $107.9 million to fund its BTC purchase on Wednesday. The move is consistent with demand for BTC among institutional investors. 

Trump has so far enacted tariff changes that have lifted the trade-weighted average tariff rate on all US imports by around 5.5-6.0%-points. While re-rerouting of trade will decrease the effectiveness of tariffs over time, the current level is already close to the highest since the second world war.