
Silver Price Forecasts: XAG/USD hits highs past $69.00 amid US Dollar weakness
Silver Price Forecasts: XAG/USD hits highs past $69.00 amid US Dollar weakness
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Silver Price Forecasts: XAG/USD hits highs past $69.00 amid US Dollar weakness

EUR/USD has broken above its 200-day average as Goldman Sachs argues Treasury support may force the Dollar to absorb more of the adjustment. The Euro to Dollar (EUR/USD) exchange rate traded around 1.1700 on Friday morning, up 0.11% on the day and 1.12% higher over the previous five sessions.

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NZDUSD regains confidence The Kiwi took a slight breather after moving over 100 pips higher as the bullish influence remains. A rally towards the mid-0.5900 area has prompted sellers to trim their exposure.

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Euro: Further upside toward 1.1725 against US Dollar – UOB

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Pound-Dollar can hold above $1.36 if pressure on the US Dollar from fiscal concerns and softer Fed bets offsets any drag from weaker UK retail sales and PMI data. The Pound US Dollar (GBP/USD) exchange rate maintained a positive trajectory on Thursday, with the pairing being propelled to its best levels since mid-February.

Pound-Australian Dollar could struggle to hold gains if UK retail sales and PMI data disappoint, although softer Australian business surveys may limit AUD support. The Pound to Australian Dollar (GBP/AUD) exchange rate appreciated on Thursday in response to a weaker-than-expected Australian jobs report.

Gold and silver extend gains as dollar weakness, Iran tensions and fiscal concerns support demand, with XAU/USD approaching $4,595 resistance.

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