Silver price (XAG/USD) trades in a tight range around $75.00 during the European trading session on Friday.
Commerzbank’s Volkmar Baur argues that FX markets will increasingly shift focus from Gulf tensions to the impact of higher Oil prices on United States (US) inflation and the US Dollar (USD).
Silver price (XAG/USD) extends its winning streak, trading around $76.00 per troy ounce during the Asian hours on Friday.
Sweden Industrial Production Value (YoY) increased to 7% in February from previous 1.9%
Sweden Industrial Production Value (MoM) rose from previous -5.7% to 5.1% in February
Germany Harmonized Index of Consumer Prices (YoY) in line with expectations (2.8%) in March
Germany Consumer Price Index (MoM) in line with forecasts (1.1%) in March
Germany Harmonized Index of Consumer Prices (MoM) meets expectations (1.2%) in March
Germany Consumer Price Index (YoY) in line with expectations (2.7%) in March
Sweden New Orders Manufacturing (YoY) climbed from previous -3.9% to 1% in February
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $91.75 during the early European trading hours on Friday. The WTI price declines as traders brace for the outcome of make-or-break talks between the US and Iran on Saturday in Pakistan.
The AUD/USD pair is down 0.23% to near 0.7065 in the late Asian trading session, struggling to extend its winning streak for the fifth trading day on Friday.
