EUR/USD hovered near 1.1417, with solid U.S. data backing the Fed’s wait-and-see stance. Meanwhile, USD/JPY pushed higher to 150.7 as Trump’s sweeping new tariffs fueled demand for the dollar. Over in China, the yuan slipped past 7.21, pressured by soft economic readings and rising trade risks.

Gold struggled to stay above $3,290, facing its worst week in over a month as a stronger dollar and aggressive tariffs dampened sentiment. Silver and platinum also slid, closing the week in the red. Brent crude dipped below $72 as fresh tariffs stoked fears of slower global growth and weaker oil demand. Despite Friday’s retreat, oil prices notched a strong weekly gain.

Bitcoin pulled back to around $115,000 after hitting resistance near $122,000. Still, the long-term uptrend holds, supported by the 200-day moving average and solid demand around $110,000.

U.S. equities treaded water as investors braced for the July jobs report. Amazon slumped on disappointing guidance, while Apple gained on upbeat earnings. Trade worries and sticky inflation kept the mood cautious. Bond yields rose across the board. U.S. 10-year yields climbed to 4.38%, while German, Japanese, and Chinese yields ticked higher amid growing demand for safety and shifting inflation expectations.

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