EUR/USD
EUR/USD halts its three-day losing streak, trading around 1.0920 during the Asian session on Friday. The upside of the EUR/USD pair could be attributed to the downbeat US Dollar, which could be attributed to heightened expectations of a dovish policy outlook by the US Federal Reserve.
GBP/USD
The GBP/USD pair is seen building on the previous day’s goodish rebound from the 1.2665 area, or a five-week low and gaining some follow-through positive traction for the second successive day on Thursday.
USD/JPY
The Japanese Yen (JPY) recovers its recent losses against the US Dollar (USD) on Friday. Traders are closely evaluating Japan’s monetary policy outlook, as central bank officials have indicated a readiness to raise rates further, although they have become more cautious due to increased market volatility.
AUD/USD
The Australian Dollar (AUD) loses ground against the US Dollar (USD) despite the upbeat inflation data released from China on Friday. Additionally, the AUD/USD pair gained ground following the hawkish comments from Reserve Bank of Australia (RBA) Governor Michele Bullock on Thursday.
NZD/USD
The NZD/USD pair attracts some dip-buying following the previous day’s modest pullback from a two-and-half-week high and retakes the 0.6000 psychological mark during the Asian session on Friday. This marks the third straight day of a positive move and is supported by a combination of factors.
USD/CAD
The USD/CAD pair remains under some selling pressure for the fifth straight day and is weighed down by a combination of factors. Spot prices trade around the 1.3725 region during the early European session, just above a nearly three-week low touched on Wednesday.
USD/CHF
The USD/CHF pair struggles to capitalize on its strong gains registered over the past two days and trades with a mild negative bias during the Asian session on Friday. Spot prices currently trade around the 0.8660-0.8655 region amid a modest US Dollar (USD) downtick, though lacks follow-through selling or bearish conviction.
CRUDE OIL
Oil prices edged up in Asian trade on Friday, heading for a weekly gain of more than 3%, as U.S. jobs data calmed demand concerns and fears of a widening Middle East conflict persisted.
Gold price (XAU/USD) extends its steady intraday descent heading into the European session on Friday and drops to a fresh daily low, around the $2,418-$2,417 region in the last hour.
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