The U.S. dollar weakened on Friday, heading for its first weekly decline in five weeks against both the euro and the yen. Investors turned to safe-haven assets as growing concerns over the United States’ deteriorating fiscal health rattled markets. Analysts point to rising debt levels and budget uncertainties as key factors driving the shift in sentiment, prompting cautious trading ahead of further economic indicators.
President Donald Trump and Australian Prime Minister Anthony Albanese signed an agreement to ensure a stable supply of rare earths and critical minerals. The pact comes as China moves to tighten its grip on global access to these vital materials.
The U.S. Supreme Court has agreed to hear a Texas case backed by President Donald Trump’s administration defending a law that bans illegal drug users from owning firearms. The statute was among those used to charge Hunter Biden in 2023.
