The NZD/JPY pair has been on a downward trajectory for the past three days, shedding 0.27% on Friday's session to close near the 90.30 level.
The NZD/USD pair extended its losses on Friday, declining by 0.54% to 0.5830, its lowest level since early November.
The Canadian Dollar (CAD) waffled into the midrange on Friday, testing into the low side but ultimately getting hamstrung as Canadian data comes in mixed and gets overshadowed by sentiment-bolstering US data prints.
The AUD/USD declined just below 0.6500 as the market is focused on the US Dollar's strength.
The Mexican Peso retreats for the third straight day versus the US Dollar, although economic data suggests the country’s economy grew in the third quarter while inflation edged lower.
The EUR/CAD extended its losing streak to four sessions, falling to a low since February on Friday.
The Pound Sterling extends its losses against the Greenback for the third straight day, is down 0.47% after UK Flash PMIs and Retail Sales data disappointed investors.
GBP/ZAR has formed a temporary bottom after a steep sell-off.
USD/CHF is striking higher again after a brief pullback from overbought levels.
The NZD/USD pair rebounds slightly after posting a fresh yearly low near 0.5820 in the North American session on Friday.
USD/JPY is trading a touch lower in the 154.30s on Friday as the Japanese Yen (JPY) strengthens against the US Dollar (USD) due to the release of higher-than-expected Japanese macroeconomic data, and Tokyo’s announcement of a $250 billion economic stimulus package.
The USD/CAD pair surrenders its entire intraday gains and ticks down as the Canadian Retail Sales data grew steadily in September and the US Dollar (USD) gives up a majority of its intraday gains after refreshing a two-year high.
UK data reports today were roundly disappointing, weighing on the Pound Sterling (GBP).
EUR/JPY staircases down from its Halloween peak as it unfolds in a short-term downtrend during November.
The Euro (EUR) plunged in response to poor macro data reports earlier.
USD/CAD got caught in the crossfire of the hefty US Dollar (USD) advance against the European currencies earlier, rising quickly from the mid/upper 1.39s to an intraday high near 1.4020.
The Turkish central bank (CBT) held rates unchanged yesterday, as had been unanimously expected, but turned somewhat dovish in its language, contrary to our expectation.
The statistics on Japanese inflation have a peculiarity. In most countries, the categories of food and energy are excluded when calculating core inflation.
Bias for the US Dollar (USD) is tilted to the downside; any decline is unlikely to threaten the major support at 153.30.
US OFAC announced additional sanctions on Russia yesterday, including on systemic banks which had hitherto been exempt because of the energy trade.
The AUD/USD pair recovers more than half of its intraday losses and rebounds to near the psychological figure of 0.6500 in Friday’s European session.
The New Zealand Dollar (NZD) is under mild downward pressure; it is likely to edge lower, possibly testing 0.5835 before the risk of a rebound increases.
USD/SGD rebounded as markets continue to trade 2-way, caught between the forces of heightened geopolitical tensions and policy uncertainties associated with Trump presidency.
The Australian Dollar (AUD) is expected to trade in a range of 0.6490/0.6535.
A break of 1.2565 will not be surprising; the next significant support at 1.2490 is not expected to come into view for now.
USD/JPY fell overnight as the pair traded sideways this week.
EUR/USD sinks to near two-year lows below 1.0400 in European trading hours on Friday after the release of the preliminary HCOB Eurozone Purchasing Managers Index (PMI) report for November, which showed that the overall business activity surprisingly contracted.
The Euro (EUR) could break the significant support at 1.0450; the next technical target at 1.0400 is likely out of reach for the time being.
The Mexican Peso (MXN) trades mild and mixed in its most-traded pairs as the week draws to a close, with idiosyncratic factors impacting each one – the US Dollar (USD), Euro (EUR) and Pound Sterling (GBP) – differently.