FJD/USD Exchange rate
Editors’ Picks

GBP/USD extends losses below 1.3550 after UK data
GBP/USD stretches lower below 1.3550 in European trading on Friday. The pair faces fresh headwinds from an unexpected UK economic contraction in May. Additionally, a broadly firmer US Dollar on rising trade tensions continues to weigh on GBP/USD.

EUR/USD stays weak below 1.1700, awaits Trump's tariff letter to EU
EUR/USD remains on the back foot below 1.1700 in the European session on Friday. The pair is undermined by fading EU-US trade deal hopes as US President Trump is set to send a tariff letter to the European Union later in the day. Sustained haven demand for the US Dollar also adds to EUR/USD's downside.

Gold price climbs back closer to weekly top amid sustained safe-haven buying
Gold price attracts some follow-through buying for the third straight day on Friday and climbs to the top end of its weekly range heading into the European session. In a dramatic escalation of the trade war, US President Donald Trump this week issued notices to a slew of trading partners and raised concerns about a global trade war.

Unemployment rate set to rise in Canada, reinforcing expectations of a BoC rate cut
Consensus among market participants projects a slight rise in Canada’s Unemployment Rate to 7.1% in June, up from 7.0% in May. Additionally, investors forecast the economy will add no jobs in the same month, reversing May’s 8.8K increase.

Letters from America: Trump’s tariff saga continues
After 'Letter Day', echoing the original 'Liberation Day' tariff announcements, so far 22 countries received a revised tariff rate effective 1 August. Trade negotiations can continue, but where this ends up is anyone's guess.