XPT/USD Exchange rate

AUD/USD extends its consolidative price move around the 0.6300 mark and looks to the US PCE Price Index for some meaningful impetus. Hopes for more stimulus from China lend some support to the Aussie, though rising trade tensions, the risk-off mood, and the recent USD move up act as a headwind for the pair.

USD/JPY sits near a four-week high, above the 151.00 mark, this Friday amid worries that Trump's reciprocal tariffs could impact key Japanese exports and a modest USD uptick. However, higher-than-expected Tokyo CPI, which keeps the door open for more BoJ rate hikes, could limit JPY losses. 

Gold price hits a fresh all-time peak during the Asian session on Friday as escalating global trade tensions, the uncertainty over Trump's reciprocal tariffs, and the risk-off mood continue to drive safe-haven flows. Bets that the Fed will resume its rate-cutting cycle soon lend additional support to the bullion.

XRP failed to recover on Thursday, noting a 2% decline despite Ripple's latest partnership with mobile payment services provider Chipper Cash. The collaboration aims to support cross-border payments for Chipper Cash using Ripple Payments.

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.