VND/USD Exchange rate

EUR/USD stays under pressure below 1.1700 in the European session on Friday. The pair is weighed 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 adds to EUR/USD's downside. 

Meme coins Bonk, Dogwifhat, and Floki are positioned to extend gains as the weekly recovery reaches crucial resistance levels. The meme coins gain bullish momentum on the back of Bitcoin’s (BTC) recovery run, hitting a new all-time high on Thursday. 

Gold price attracts some follow-through buying for the third straight day on Friday and climbs to the top end of its weekly range in 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. 

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. 

GBP/USD keeps losses near 1.3550 in European trading on Friday. The pair faces headwinds from an unexpected UK economic contraction in May. Additionally, a broadly firmer US Dollar on rising trade tensions continues to undermine GBP/USD.