The EUR/USD pair fell sharply for a second consecutive week, trading as low as 1.1324 before recovering towards the current 1.1410 price zone.

Nearly four months after the start of the Iran war, the US economy remains remarkably resilient.

Gold (XAU/USD) edged higher to start the week before turning south and plunging to its lowest level since November, below $4,000. Although the precious metal managed to find a foothold, it struggled to stage a decisive rebound and ended the week deep in negative territory.

Gold is back in the red near $4,000 early Friday, snapping a brief rebound seen on Wednesday, and eyes a fourth straight weekly loss.

Spot Gold seesaws around the $4,000 mark on Thursday, confined to a tight intraday range. The bright metal managed to remain above its recent multi-month low of $3,959, as the US Dollar (USD) lost upward steam, despite holding near fresh one-year highs.

The Bank of Japan (BoJ) finally delivered what Yen bulls spent years asking for. On June 16, policymakers raised interest rates to 1%, the highest level since 1995 and a milestone few thought possible only two years ago. Yet the Japanese Yen (JPY) barely reacted.