EUR/USD
The EUR/USD pair weakens to near 1.1380 during the Asian session on Friday. However, the downside for the major pair might be limited as investors remain concerned about the US-China trade tensions. Later on Friday, the final reading of Michigan Consumer Sentiment will be released.
GBP/USD
GBP/USD remains under moderate selling pressure below 1.3300 despite the upbeat UK Retail Sales data for March. The pair feels the heat of the solid US Dollar rebound, aided by a Bloomberg report, which indicated China may suspend its 125% tariff on select US imports.
USD/JPY
The USD/JPY pair moved lower during Thursday’s late European session, retreating toward the 143.00 zone after two days of modest recovery. The shift comes amid renewed US Dollar weakness as Fed rate cut speculation resurfaces and trade headlines stir market uncertainty. With risk sentiment modestly improved and US equities pushing higher—boosted by upbeat Durable Goods data and Trump’s trade optimism—the Japanese Yen continues to outperform most G10 peers, supported by a pullback in US yields and ongoing safe-haven demand.
AUD/USD
The AUD/USD pair held strong on Thursday as the US Dollar (USD) remained weak. Despite some positive US economic data, including stronger-than-expected Durable Goods Orders, uncertainty around US-China trade talks and the broader tariff situation continues to affect market sentiment. The pair’s movements reflect the broader uncertainty in global markets.
NZD/USD
The NZD/USD pair edges lower to around 0.5985 during the Asian session on Friday, pressured by the firmer Greenback. The lack of progress toward defusing the US-China trade deal exerts some selling pressure on the China-proxy Kiwi. The final reading of Michigan Consumer Sentiment is due later on Friday.
USD/CAD
USD/CAD recovers its recent losses from the previous session, trading around 1.3870 during the Asian hours on Friday. The pair gains as the US Dollar (USD) strengthens, supported by optimism surrounding potential US trade deals. According to Reuters, Washington appears to be making headway in early trade discussions with Asian allies, including South Korea and Japan.
USD/CHF
USD/CHF recovered its previous session losses and is trading around 0.8320 during the Asian session on Friday. The US Dollar (USD) is strengthening as investor sentiment improves, driven by a Bloomberg report suggesting China may suspend its 125% tariffs on select US imports, including medical equipment, ethane, and aircraft leasing.
CRUDE OIL
Oil prices rose for a second session on Friday buoyed by potential de-escalation of the U.S.-China trade war, but the market was headed for a weekly decline amid concerns about oversupply.
Gold price bulls seem reluctant as a positive risk tone undermines demand for safe-haven assets. Thursday’s upbeat US macro data supports the USD, contributing to capping the precious metal. Geopolitical uncertainties and Fed rate cut bets should help limit losses for the XAU/USD pair.
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