The “fiat is dying” argument has become a catchphrase narrative among digital asset bulls, gold bugs, and cryptocurrency advocates.

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The US dollar is strengthening against the Swiss franc as favorable interest rate differentials drive a potential long-term turnaround.

EUR/USD is holding near 1.1620 on Friday, with the US dollar on track to gain approximately 1% by the end of the week.

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The Strait of Hormuz, just 21 miles wide at its narrowest point, is currently closed.

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The economic fallout from the war in Iran has been limited for the US so far. But as the conflict continues, the effects will become increasingly clear.

Gold on the back foot, heads for weekly loss as US Dollar and Treasury yields rise.

The cryptocurrency market has given up some of its gains after underperforming over the last 24 hours.

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The pound fell below 1.3380 and added more of a drop towards the target 1.3285.