Daily market news

The proposal from Germany’s expected coalition partners that they plan to relax the country’s debt rules to boost defence spending and support infrastructure has been billed by some commentators as Germany’s whatever it takes moment, Rabobank's FX analyst Jane Foley notes.

A Reuters poll showed that 70 of 74 economists surveyed suggest that risks for the Mexican, Canadian, and American economies are piling up amid US President Donald Trump's controversial trade policies.

The USD/CAD pair gains sharply to near 1.4380 in Friday’s North American session.

The EUR/GBP pair climbs to near the key level of 0.8400 in Friday’s North American session.

EUR/USD jumps above 1.0850 in Friday’s North American session and posts a fresh four-month high.

Silver price (XAG/USD) faces selling pressure near $32.70 in European trading hours on Friday.

Room for US Dollar (USD) to retest the 147.30 low vs Japanese Yen (USD); the next support at 147.00 is unlikely to come under threat.

Strong momentum appears to be slowing; Pound Sterling (GBP) is likely to trade in a 1.2850/1.2925 range vs US Dollar (USD).

West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session.

The NZD/USD pair loses ground after registering gains in the previous four successive sessions, trading around 0.5720 during European trading hours on Friday.