XRP/USD Exchange rate

EUR/USD loses its traction and trades below 1.1400 in the second half of the day on Friday. The pair struggles to build on the ECB-inspired gains and looks to end the week little changed as the US Dollar (USD) benefits from the better-than-expected Nonfarm Payrolls reading for May.

GBP/USD remains under mild selling pressure and fluctuates below 1.3550 in the American trading hours on Friday. The US Dollar holds the upper hand on the upbeat employment data for May, making it difficult for the pair to reverse its direction.

Gold stays on the back foot and trades slightly below $3,350 in the American session. The US Dollar gains some positive traction as markets lean toward a Fed policy hold in July after the May report, causing XAU/USD to stretch lower heading into the weekend.

The cryptocurrency market capitalization drops 4% to $3.3 trillion amid growing concerns about tariffs and global trade. Bitcoin rebounds after testing support slightly above $100,000, reflecting weak sentiment in the broader crypto market.

Tesla (TSLA) stock is facing one of its worst trading sessions in a long time on Thursday. Shared closed above $332 on Wednesday, but at the time of writing late in the afternoon session, TSLA has traded below $274, suffering a 17% sell-off.