EUR/USD
EUR/USD backslid for a second consecutive trading day, falling one-fifth of one percent on Thursday as markets continue to keep one foot in the safe haven US Dollar amid still-bubbling market tensions around the US’s waffling on tariff policy.
GBP/USD
The GBP/USD pair lacks any firm intraday direction on Friday and oscillates in a narrow trading band, around the 1.2960 area during the Asian session. Spot prices, however, remain close to the highest since early November – levels beyond the 1.3000 psychological mark touched on Thursday – and remain at the mercy of the US Dollar (USD) price dynamics.
USD/JPY
USD/JPY jumps toward 149.50 following the release of Japan’s National Core CPI data amid extended US Dollar rebound. However, the divergent BoJ-Fed policy expectations.and trade risks induced cautious sentiment could keep the safe-haven Japanese Yen afloat, restricting the pair.
AUD/USD
AUD/USD stays on the back foot near the 0.6300 mark early Friday, on track to end in the red for the first time in three weeks. Uncertainty over Trump’s tariffs, a weaker risk tone-led renewed US Dollar demand and disappointing Aussie jobs data act as headwinds for the pair.
NZD/USD
The NZD/USD pair struggles to capitalize on the overnight bounce from the 0.5725-0.5720 area and attracts fresh sellers during the Asian session on Friday. Spot prices currently trade with mild negative bias around mid-0.5700s, down for the third straight day amid a modest US Dollar (USD) uptick.
USD/CAD
USD/CAD attempts to recover from recent losses, trading around 1.4330 during Asian hours on Friday. The pair may find support as the US Dollar (USD) strengthens on safe-haven demand amid rising global trade tensions driven by US tariff policies.
USD/CHF
The USD/CHF pair reverses an intraday dip to the 0.8755 area or a one-week low touched during the early European session on Friday and spikes to a fresh daily high in reaction to the Swiss National Bank (SNB) policy decision. Spot prices climb back above the 0.8800 mark in the last hour.
CRUDE OIL
Oil prices rose to a near three-week high in Asian trade on Friday, as fresh U.S. sanctions against Iran and plans to cut production by the OPEC+ pointed to tighter supplies in the coming months.
Gold price is looking to extend its previous retreat from all-time highs of $3,058 in Asian trading on Friday. Despite the pullback, Gold price remains on track to book the third consecutive weekly gain.
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