Daily market news

The AUD/USD pair trades slightly higher at 0.6215 in the Asian session on Friday but remains under pressure due to fresh tariff threats from US President Trump.

The Pound Sterling extended its losses for the second consecutive day as US President Donald Trump tariffs rhetoric sent ripples across the financial markets.

The USD/CAD pair climbs to near 1.4550 in Friday’s North American session.

The Pound Sterling (GBP) is little changed on the session after dropping back against the USD in late trade yesterday, Scotiabank's Chief FX Strategist Shaun Osborne notes.

EUR/USD faces selling pressure and declines to near 1.0370 in Friday’s North American session.

USD/JPY is holding above technical support at 154.00, BBH FX analysts note.  

The AUD/USD pair surrenders a majority of intraday gains after facing selling pressure above 0.6230 in Friday’s European session but is still almost 0.2% higher at the press time.

Euro (EUR) traded under pressure amid broad US Dollar (USD) strength on tariff threats. Yesterday at the last GC meeting, ECB lowered policy rates for the 5 the consecutive meeting by 25bp. Pair was last at 1.0370 levels, OCBC's FX Frances Cheung and Christopher Wong analysts note.

Silver price (XAG/USD) recovers a majority of intraday losses and rebounds to near $30.50 in Friday’s European session.

Here is what you need to know on Friday, January 31: Major currency pairs trade in narrow ranges early Friday, following some volatility seen on Thursday.