From Yahoo Finance: 2025-06-20 15:39:00

The dollar index fell by -0.21% on Friday due to easing safe-haven demand after Iran expressed willingness to discuss uranium enrichment limits. Fed Governor Waller’s dovish comments also weighed on the dollar. The US June Philadelphia Fed business outlook survey was weaker than expected at -4.0, and May leading economic indicators index fell -0.1% m/m.

EUR/USD rose by +0.30% on Friday despite Eurozone’s June consumer confidence index falling unexpectedly to -15.3. German May producer prices also declined -1.2% y/y, affecting ECB policy. Swaps indicate a 7% chance for a -25 bp rate cut by the ECB at the July 24 meeting.

USD/JPY rose by +0.38% on Friday as Middle East tensions eased. Japan’s May national CPI rose more than expected, but BOJ Governor Ueda’s comments on raising interest rates affected the yen. Japan’s national CPI rose +3.5% y/y, and Ueda stated the BOJ would raise rates if the economic outlook is met.

Gold and silver prices fell on Friday to one-week and two-week lows, respectively, due to an easing of Middle East tensions and reports of Iran’s willingness to negotiate. Dollar weakness and Fed Governor Waller’s dovish comments supported metals. Industrial metals demand concerns weighed on silver due to weaker-than-expected US and UK economic reports.



Read more at Yahoo Finance: Dollar and Gold Retreat on Reduced Middle East Tensions