EUR/USD posted minimal gains of 0.18% on Friday amid thin liquidity conditions, as markets in the United States are closed due to the Independence Day holiday. The shared currency is poised to close the week with gains of 0.53% despite the release of solid US economic data this week.
The Australian Dollar (AUD) weakened against the US Dollar (USD) on Friday amid a low-volume trading session and a risk-off tone ahead of US President Donald Trump's July 9 tariff deadline.
The US Dollar (USD) is trading slightly lower against the Japanese Yen (JPY) on Friday, with the USD/JPY hovering around 144.50 in subdued holiday-thinned conditions as US markets remain closed for Independence Day.
The New Zealand Dollar (NZD) is weakening against the US Dollar (USD) on Friday as market participants weigh near-term resistance against a weakening bullish structure.
The Japanese Yen (JPY) is strengthening against the British Pound (GBP) on Friday as markets turn cautious ahead of the weekend.
Bank of England (BoE) rate-setter Alan Taylor noted late on Friday that downside pressures are continuing to build up underneath the UK's economy, signaling that early rate cuts may be needed ahead of a questionable forecasting period.
The Euro (EUR) is holding modest gains against the US Dollar (USD) in thin trading conditions on Friday. With US markets closed in observance of Independence Day, liquidity is limited.
The EUR/JPY crosses the 170.00 threshold in the year, for the first time since July of last year, though posts minimal losses of 0.10% after hitting a yearly peak of 170.42.
The British Pound (GBP) is treading water against the US Dollar (USD) on Friday, as the Sterling comes under renewed pressure amid lingering fiscal concerns.
The Swiss Franc (CHF) is posting modest gains against the US Dollar (USD) on Friday, as renewed fiscal and trade concerns drive demand for safe-haven currencies.
The Euro (EUR) strengthens against the British Pound (GBP) on Friday, as the Pound remains under pressure amid renewed fiscal concerns and political unease in the United Kingdom.
The Pound Sterling (GBP) is quietly consolidating in a tight range and entering Friday’s NA session unchanged the against US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The Euro (EUR) is up a modest 0.2% against the US Dollar (USD) and entering Friday’s NA session with renewed support as it climbs back toward the upper end of this week’s range and pushes toward Tuesday’s fresh multi-year high, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The Canadian Dollar (CAD) has shed a little ground on the day but is trading more or less unchanged on the session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD/JPY is holding under key resistance at 145.00, BBH FX analysts report.
Instead of continuing to rise, US Dollar (USD) is more likely to trade in a range of 144.15/145.25 against Japanese Yen (JPY). In the longer run, USD has likely entered a range trading phase, probably between 143.50 and 145.95, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
No new inflation data was released in Japan this week. However, two surveys were published, the Tankan and the consumer confidence survey, which also asked about inflation expectations (and the development of sales prices).
New Zealand Dollar (NZD) is expected to trade in a range of 0.6055/0.6095 against US Dollar (USD). In the longer run, upward momentum has largely faded; NZD is likely to trade in a range between 0.6035 and 0.6130, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The US Dollar is failing to take any significant distance from year-to-date lows and remains capped below 1.3600 on Friday, unfazed by the strong US Nonfarm Payrolls report and the dwindling hopes of Fed cuts in July.The Greenback ticked up on Thursday after the NFP report showed a larger-than-expec
Australian Dollar (AUD) is expected to trade sideways between 0.6540 and 0.6595 against US Dollar (USD). In the longer run, should AUD break clearly above 0.6595, it could trigger a further rise toward 0.6620, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
TradingKey - The U.S. dollar’s sharp decline in H1 2025 has lifted non-dollar currencies, with the euro appreciating around 14% against the greenback — aligning with European Central Bank (ECB) Presid
Pound Sterling (GBP) is expected to continue to range trade US Dollar (USD); firmer underlying tone suggests a higher range of 1.3620/1.3715.
Euro (EUR) slipped overnight, consistent with our caution for slower pace of gains or even some consolidation in the interim. ECB minutes overnight highlighted concerns of EUR’s appreciation and higher tariff that may affect exports.
The Swiss Franc (CHF) remains strong, ING's FX analyst Chris Turner notes.
Markets are starting to hear a little more from the European Central Bank about the strength of the Euro (USD), ING's FX analyst Chris Turner notes.
The Yen rallies across the board as fears about US tariffs return.Trump will start sending letters to trade partners informing them about tariffs.BoJ-BoE monetary policy divergence is adding pressure on the British Pound.
EUR/GBP inches higher after registering 0.50% losses in the previous session, trading around 0.8610 during the early European hours on Friday.
The Indian Rupee (INR) trades slightly lower at open against the US Dollar (USD) on Friday. The USD/INR pair ticks up to near 85.56 even as the US Dollar (USD) resumes its downside journey in the aftermath of the United States (US) Nonfarm Payrolls (NFP) report for June, released on Thursday.