BTC/USD Exchange rate

EUR/USD is keeping the red near 1.1550 in the European session on Friday, holding the pullback from multi-year highs. The pair stays offered as the US Dollar receives support from increased safe-haven demand, sparked by Israel's attack on Iran's nuclear facility. Iran has vowed retaliation. 

Gold price sticks to its bullish tone for the third consecutive day on Friday and trades close to its highest level since April 22 through the first half of the European session. Against the backdrop of trade-related uncertainties, a further escalation of geopolitical tensions in the Middle East tempers investors' appetite for riskier assets.

The GBP/USD pair loses ground to near 1.3530 during the early European session on Friday. The Pound Sterling weakens against US Dollar due to heightened risk aversion, fuelled by geopolitical tensions in the Middle East. Investors now await Iran's response to Israel's attacks and the US sentiment data. 

Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE) trade in the red as the broader market sell-off gains traction. With the rising supply in the market, the meme coins' market capitalization has dropped nearly 10% in the same period.

Despite legal challenges to IEEPA tariffs, US trade policy remains firm. Tariffs on steel and aluminium have doubled, and new sectoral tariffs are expected. Trade deals may emerge, but most will be symbolic. Effective tariff rates will stay high throughout 2025.