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Here is what you need to know on Friday, August 8:

Created : 2025.08.08 17:11

Last updated : 2025.08.08

Silver (XAG/USD) is trading higher on Friday and on track for a 3.5% weekly rally from $31.20 lows, but the precious metal is struggling to find acceptance in the upper range of the $38.00s, which might lead to some bearish correction.The Fundamental background remains favourable, with recent US dat

Created : 2025.08.08 16:43

Last updated : 2025.08.08

The Pound Sterling (GBP) holds onto Thursday's gains during the European trading session on Friday as traders pare bets supporting interest rate cuts by the Bank of England (BoE) after the monetary policy announcement on Thursday, in which officials decided to cut rates but after a very tight vote.

Created : 2025.08.08 16:42

Last updated : 2025.08.08

Dow Jones futures advance during early European hours, ahead of the market opening in the United States (US) on Friday, trading above 44,100, up by 0.14%. Meanwhile, S&P 500 futures rise by 0.16% to 6,370, and Nasdaq 100 futures appreciate 0.18% to trade around 23,300.

Created : 2025.08.08 16:37

Last updated : 2025.08.08

The USD/CAD pair trades in a tight range around 1.3730 during the European trading session on Friday. The Loonie pair consolidates as investors await the Canadian labor market data for July, which will be published at 12:30 GMT.

Created : 2025.08.08 16:33

Last updated : 2025.08.08

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is gaining ground after two days of losses and trading around 98.20 during the early European hours on Friday.

Created : 2025.08.08 15:56

Last updated : 2025.08.08

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.90 during the early European trading hours on Friday. The WTI trades in negative territory for the seventh consecutive day and heads for the biggest weekly loss since June.

Created : 2025.08.08 15:54

Last updated : 2025.08.08

NZD/USD extends its three-day winning streak, trading around 0.5960 during the Asian hours on Friday.

Created : 2025.08.08 15:33

Last updated : 2025.08.08

FX option expiries for Aug 8 NY cut at 10:00 Eastern Time via DTCC can be found below.

Created : 2025.08.08 15:25

Last updated : 2025.08.08

West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $62.92 per barrel, down from Thursday's close at $63.21.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.92 after its previous daily close at $66.14.

Created : 2025.08.08 15:02

Last updated : 2025.08.08

EUR/GBP remains subdued for the second successive session, with registering more than 0.5% losses in the previous session and trading around 0.8670 during the Asian hours on Friday.

Created : 2025.08.08 15:00

Last updated : 2025.08.08

The EUR/CAD cross attracts some sellers to around 1.6000 during the early European trading hours on Friday. All eyes will be on the Canadian employment report for July, which is due later on Friday. Canada is expected to show moderate job growth and a higher Unemployment Rate in July.

Created : 2025.08.08 14:58

Last updated : 2025.08.08

The EUR/JPY cross loses traction to around 171.60 during the early European session on Friday. The Japanese Yen (JPY) edges higher against the Euro (EUR) after the Japanese trade envoy's comments.

Created : 2025.08.08 14:51

Last updated : 2025.08.08

The AUD/JPY cross reverses an Asian session dip to the 95.65 area and climbs back closer to the weekly high touched earlier this Friday. Spot prices, however, lack follow-through, with bulls awaiting a sustained strength and acceptance above the 95.00 mark before positioning for any further gains.

Created : 2025.08.08 14:25

Last updated : 2025.08.08

The GBP/JPY pair clings to gains after a three-day winning streak around 198.00 during the late Asian trading session on Friday. The cross remains broadly firm as a hawkish interest rate cut by the Bank of England (BoE) has pushed the Pound Sterling on the front foot.

Created : 2025.08.08 14:24

Last updated : 2025.08.08

Statistics Canada will release July's Canadian Labour Force Survey report on Friday. The market consensus anticipates some moderation in job creation, with the Unemployment Rate increasing.

Created : 2025.08.08 14:00

Last updated : 2025.08.08

The USD/CAD pair struggles to gain any meaningful traction and oscillates in a narrow range, below mid-1.3700s during the Asian session on Friday. Meanwhile, spot prices remain close to a one-week low touched the previous day and seem poised to register weekly losses amid a bearish US Dollar (USD).

Created : 2025.08.08 13:52

Last updated : 2025.08.08

The Indian Rupee (INR) opens lower against the US Dollar (USD) on Friday after a three-day winning streak. The USD/INR recovers to near 87.75 as the market experts have warned that trade tensions between the United States (US) and India could hit Indian exports significantly.

Created : 2025.08.08 13:51

Last updated : 2025.08.08

USD/CHF remains steady for the second consecutive day, hovering around 0.8060 during the Asian trading hours on Friday. However, the pair may appreciate as the Swiss Franc (CHF) could receive downwards pressure due to newly enacted 39% tariffs on United States (US) imports from Switzerland.

Created : 2025.08.08 13:45

Last updated : 2025.08.08

Gold prices remained broadly unchanged in India on Friday, according to data compiled by FXStreet.

Created : 2025.08.08 13:38

Last updated : 2025.08.08