The EUR/USD advanced during the North American session after the latest employment report in the United Sates (US) showed the labor market is deteriorating. Consequently, investors ditched the US Dollar as the first rate cut by the Federal Reserve in 2025 looms.

The Canadian Dollar (CAD) soured on Friday, skidding into a fifth consecutive losing day against the US Dollar (USD) after employment figures from both Canada and the United States (US) showed both countries are failing to absorb the negative impacts of US President Donald Trump’s trade war with the

The Swiss Franc (CHF) gains ground against the US Dollar (USD) on Friday, with USD/CHF sliding below the 0.8000 psychological mark to touch its lowest level since July 28.

The AUD/USD rallies to six weeks high of 0.6588 after the latest Nonfarm Payrolls report in the United States (US), had cemented the case that the Federal Reserve would cut rates at the September meeting. The pair trades at 0.6565 up 0.40%

The Canadian Dollar (CAD) weakens on Friday after dismal labor market data, but broad US Dollar (USD) softness following a weak US Nonfarm Payrolls (NFP) report kept USD/CAD’s upside in check. The pair is holding near the 1.3800 handle, rebounding from a four-day low in the aftermath of the release.

After spending the first half of the day comfortably above 148.00, USD/JPY reversed its direction in the American session and dropped toward 147.00. As of writing, the pair was down 0.75% on the day at 147.30.

GBP/USD gathered bullish momentum and climbed above 1.3500 in the American session on Friday. At the time of press, the pair was up 0.6% on the day at 1.3515.

The Euro (EUR) rallies against the US Dollar (USD) on Friday after the US Nonfarm Payrolls (NFP) report disappointed with just 22K jobs added in August, far below the 75K expected and July’s 79K (revised from 73K).

The Euro (EUR) edges higher against the British Pound (GBP) on Friday, with EUR/GBP trading around 0.8680 during the European session.

Cable has advanced steadily over the course of the Asian and European sessions to near 1.35 after UK Retail Sales rose 0.5% in July, a little better than the expected 0.3% M/M gain, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The New Zealand Dollar reverses previous losses on Friday, buoyed by a mild appetite for risk and the US Dollar’s weakness as investors take positions for a soft US Nonfarm Payrolls report that would consolidate hopes of Fed interest rate cuts.

The EUR has made solid progress from its mid-week low to approach the US jobs data more or less flat on the week.

The Canadian Dollar (CAD) has picked up a little support against the generally softer USD overnight after losses steadied just below 1.3850 yesterday, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The yen showed little reaction to Japan’s July cash earnings jump, driven largely by bonuses.

Pound Sterling (GBP) is clawing back losses after stronger-than-expected July retail sales, but upside remains limited.

The USD/JPY pair is down 0.25% to near 148.00 during the European trading session on Friday. The asset faces selling pressure as the US Dollar (USD) declines ahead of the United States (US) Nonfarm Payrolls (NFP) data for August, which will be published at 12:30 GMT.

USD/CAD remains rangebound as markets await Canada’s August labor report, with unemployment seen edging up to 7.0%.

The yen is modestly stronger against the dollar this morning although this is more a reflection of US dollar weakness and the drop in USD/JPY is no larger than dollar declines against other G10 currencies.

USD/JPY was a touch softer amid pullback in UST yields while Japan wages continue to rise (4.1% y/y vs. 3% expected). The rise in wages remain consistent with Governor Ueda’s comments and this keeps hopes for policy normalisation alive.

Euro (EUR) remains largely supported amid the mild pullback in US Dollar (USD). Pair was last at 1.1687, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Bloomberg’s latest poll of European Central Bank forecasters shows expectations have turned markedly more hawkish, ING's FX analyst Francesco Pesole notes.

Eurozone Employment Change (YoY) came in at 0.6%, below expectations (0.7%) in 2Q

Eurozone Employment Change (QoQ) in line with expectations (0.1%) in 2Q

The USD/CAD pair extends the previous day's late pullback from the vicinity of mid-1.3800s, or an over one-week high, and attracts some follow through sellers on Friday.

The Australian Dollar is accelerating its recovery against a weaker US Dollar on Friday, with all eyes on the US Nonfarm Payrolls report, due later on the day.

The US Dollar is on its back foot amid a brighter market mood on Friday, with investors bracing for a soft US Nonfarm Payrolls report later today to confirm market expectations of a Fed rate cut in September.

The NZD/USD pair trades 0.45% higher around 0.5870 during the European trading hours on Friday. The Kiwi pair strengthens as the New Zealand Dollar (NZD) outperforms its peers amid risk-on market mood.

Silver price (XAG/USD) recovers ground after registering more than 1% losses in the previous session, trading around $40.80 per troy ounce during the European hours on Friday.

The Pound Sterling (GBP) attracts bids against its peers on Friday after the release of the upbeat United Kingdom (UK) Retail Sales data for July.

The British Pound has pulled back from intra-day highs around 199.70 against the Japanese Yen, returning to levels right below 199.50despite the stronger-than-expected UK Retail Sales figures released earlier on the day.Retail Consumption rose at a 0.6% pace in the UK in August, according to data re