CAD/AUD Exchange rate

EUR/USD gains traction in the European session on Friday and advances toward 1.1350. Growing concerns about the US fiscal outlook and government debt after the US House of Representatives passed President Trump's tax bill weigh on the US Dollar and help the pair push higher.

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 gathers bullish momentum and climbs to the $3,330 region on Friday. The broad-based USD weakness on government debt concerns and the cautious market mood helps XAU/USD push higher. Several Fed policymakers will be delivering speeches later in the day.

Avalanche (AVAX) is gaining bullish momentum, extending gains on Friday, trading at $25.74 as investor confidence grows on the back of two major developments. FIFA, football’s global governing body, has announced plans to build its own Layer-1 blockchain on the Avalanche network.

Retail optimism is rising, but institutions are still treading carefully amid lingering macro and earnings risks. Policy and fiscal uncertainty remain elevated, with trade tensions, U.S. debt concerns, and a cautious Fed dominating the backdrop.