EUR/USD is poised to finish the week with losses of 0.21% yet it remains above the 1.16 figure for the third straight day, capped on the upside by key resistance levels after US data might not deter the Fed from cutting rates.

The Australian Dollar (AUD) is virtually unchanged against the US Dollar (USD) on Friday after volatile two-way price action driven by a mix of US macro data.

The EUR/GBP advances during the North American session, even though Retail Sales in the UK, exceeded estimates but a softer inflation reading increased the odds for further easing by the Bank of England. The cross trades at 0.8744, up 0.74% as it hits a four-week high.

The Japanese Yen (JPY) remains under pressure against the US Dollar (USD) on Friday, with USD/JPY trading around 152.80, up for the sixth straight day.

GBP/USD trades sideways around 1.3325 on Friday at the time of writing, unchanged on the day after a volatile session triggered by multiple economic releases from the United Kingdom (UK) and the United States (US).

The Pound Sterling (GBP) is also steady and consolidating in a tight range in the lower 1.33s, holding flat vs. the USD as we head into Friday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Euro (EUR) is steady, trading flat against the US Dollar (USD) and consolidating in a tight range just above 1.16.

The Canadian Dollar (CAD) is a little softer following President Trump declaring that all trade talks with Canada had been 'terminated', Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Euro (EUR) strengthens against the US Dollar (USD) on Friday after softer-than-expected US inflation data reinforced expectations that the Federal Reserve (Fed) will continue easing monetary policy following its first rate cut in September.

USD/CAD trades higher around 1.4020 on Friday at the time of writing, up 0.20% on the day, holding firm above the 1.4000 mark despite the pullback following the release of the US Consumer Price Index (CPI).

The Euro (EUR) steadies against the Swiss Franc (CHF) on Friday as upbeat Eurozone business activity data underpins the single currency. At the time of writing, EUR/CHF trades around 0.9243, rebounding modestly after hitting an 11-month low near 0.9205 earlier this week.

EUR/USD had a kneejerk upswing to near 1.1630 before stabilizing lower around 1.1610. Eurozone economic activity unexpectedly gains traction in October driven by the services sector and Germany, BBH FX analysts report.

GBP/USD is struggling to recover despite encouraging UK economic data. UK retail sales growth unexpectedly rose in September, underpinned by online jewelers reporting a strong demand for Gold, BBH FX analysts report.

Brazil Mid-month Inflation came in at 0.18% below forecasts (0.25%) in October

Upward momentum is starting to build, but for a continued advance, US Dollar (USD) must first close above 153.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

EUR/GBP trades steady around 0.8720 on Friday at the time of writing, virtually unchanged for the day, as investors balance upbeat macroeconomic data from both sides of the Chunnel.

The New Zealand Dollar pares previous gains and retreats below 0.5740 on Friday, from Weekly highs around 0.5760, with market movement subdued as traders await the release of the US Consumer Price Index later today.The US Dollar is trading within recent ranges against its main peers amid uncertainty

The US Dollar holds previous gains, with price action steady, a few pips below the 153.00 line. Investors are biding their time ahead of the releases of September’s US Consumer Prices Index (CPI) data and October’s preliminary S&P Global Purchasing Managers Indexes (PMIs), due later on Friday.

AUD/USD retreats on Friday, trading around 0.6500 at the time of writing, down 0.25% for the day, despite a generally more constructive tone on the trade front between China and the United States (US).

Russia Interest Rate Decision below forecasts (17%): Actual (16.5%)

New Zealand Dollar (NZD) is facing mild upward pressure and may test 0.5770; a clear break above this level appears unlikely.

The Turkish central bank (CBT) cut the rate corridor by 100bps yesterday, in line with expectations. However, as before, there are clearly contradictions between CBT’s assessment of inflation risks and these continuing rate cuts.

AUD could edge higher to 0.6530; it does not appear to have sufficient momentum to reach 0.6555. In the longer run, for the time being, AUD is expected to trade in a sideways range of 0.6445/0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

At the beginning of this week, the People's Bank of China set its reference rate for USD-CNY at 7.0930.

Inflation in Japan was again above the central bank's target in September, at 2.9% overall, for the 42nd consecutive month.

USD/JPY continued to trade higher. Pair was last at 152.93 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

The Russian central bank (CBR) meets today for its monthly rate decision: the median consensus expectation is for a 100bp rate cut to 16.0% key rate, although some forecasters anticipate the rate being left unchanged.

The Euro rallied for the fourth consecutive day against a weaker Japanese Yen on Friday.

The Pound Sterling (GBP) trades cautiously against its major curency peers on Friday, even as the United Kingdom (UK) Retail Sales data for September came out surprisingly positive.

Eurozone HCOB Manufacturing PMI above forecasts (49.5) in October: Actual (50)