The AUD/JPY pair extended its decline on Friday, hovering near the 94.30 zone after the European session and slipping closer to the lower end of its intraday range.
The Australian Dollar (AUD) remains directionless during Friday’s American session, with AUD/USD hovering around the 0.6300 zone.
The Canadian Dollar was dragged in both directions on Friday, rising and then falling as market flows clash with fresh threats of tariffs on Canada from US President Donald Trump.
EUR/USD extended its upward trajectory on Friday, moving near the 1.0830 region after the European session and toward the upper end of the day’s trading range.
The Pound Sterling remains firm, hovering around 1.2950 against the US Dollar, virtually unchanged, as traders digest the latest inflation report from the United States (US), amid uncertainty about a potential trade war escalation following Trump's imposition of tariffs on cars.
EUR/GBP attempted a cross above its 200-DMA earlier this month but has faced strong resistance near 0.8450 and has once again dipped below the MA (0.8380), Société Générale's FX analysts note.
The USD/JPY pair is down more than 0.3% near 150.50 in North American session on Friday.
EUR/USD holds around 1.08 as Trump imposes auto tariffs and signals lenient reciprocal measures, Danske Bank's FX analyst Jesper Fjärstedt reports.
US Dollar (USD) could test 151.30 vs Japanese Yen (JPY); it is uncertain if it can break clearly above this level.
The USD/CHF pair ticks higher to near 0.8830 but trades inside Thursday’s trading range in Friday’s North American session ahead of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for February, which will be published at 12:30 GMT.
This morning saw the release of March inflation figures for the Tokyo area, which are traditionally a good leading indicator for inflation in Japan as a whole.
Despite some ongoing reassessment of the dollar, AUD/USD has lagged, ING's FX analyst Chris Turner notes.
New Zealand Dollar (NZD) is expected to continue to trade in a range, likely between 0.5710 and 0.5755.
UK retail sales surprise on the upside, ING's FX analyst Chris Turner notes.
The USD/CAD pair rises to near 1.4330 during European trading hours on Friday.
Australian Dollar (AUD) is likely to continue to trade in a range vs US Dollar (USD), expected to be between 0.6275/0.6320.
EUR/USD declines to near 1.0775 during European trading hours on Friday.
Room for Euro (EUR) to rebound further vs US Dollar (USD) and test 1.0825; the next resistance at 1.0870 is unlikely to come under threat.
EUR/USD held in surprisingly well yesterday – as did European automakers.
The AUD/USD pair extends its sideways consolidative price move for the fourth straight day on Friday and remains confined in a range around the 0.6300 mark through the first half of the European session.
The Pound Sterling (GBP) advances against its major peers on Friday, except the Japanese Yen (JPY), after the release of the United Kingdom (UK) Retail Sales data for February and revised Q4 Gross Domestic Product (GDP) figures.