Silver prices continued to decline for the third consecutive day, trading around $64.40 per troy ounce during Asian hours on Friday, according to FX Street. This downward movement reflects growing market caution amid expectations of a hawkish Federal Reserve policy stance.
The US Dollar Index (DXY) remained steady near 100.83 after two days of gains, signaling a temporary pause in the dollar’s recent strength as investors digest Fed signals, FX Street reported. Meanwhile, the New Zealand Dollar weakened, with the NZD/USD pair hitting a fresh low since April 8, trading close to 0.5775 during the Asian session.
For Japanese investors, these movements underscore the ongoing influence of US monetary policy on currency and commodity markets, which can impact cross-border investments and trading strategies in FX and commodities.