The USD/CAD pair loses ground to near 1.3890 during the Asian trading hours on Friday. The Canadian Dollar (CAD) strengthens against the Greenback amid the rebound in crude oil prices. Traders will take more cues from the US December Industrial Production report and the Fedspeak later on Friday. 

The NZD/USD pair attracts some buyers to around 0.5750 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) as easing tensions in Iran boost the riskier currencies.

GBP/USD edges higher after registering modest losses in the previous session, trading around 1.3380 during the Asian hours on Friday.

The USD/JPY pair posts modest gains near 158.65 during the early Asian trading hours on Friday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) as US Initial Jobless Claims fall. The US December Industrial Production report is due later on Friday.

The British Pound drops versus the Japanese Yen as the Friday’s Asian session begins, courtesy of Japanese authorities’ verbal intervention, which boosted the Asian currency. The GBP/JPY trades at 212.20 after falling from yearly highs near 214.30.

EUR/USD fell to a new yearly low beneath 1.1600 on Thursday, courtesy of solid economic data in the US and broad US Dollar strength. Traders’ appetite improved due to Trump moderating his rhetoric on Iran, while data in the Eurozone, failed to underpin the shared currency.

USD/CAD trades around 1.3900 on Thursday at the time of writing, up 0.10% on the day. The move is mainly driven by renewed strength in the US Dollar (USD), supported by solid US macroeconomic indicators, while the Canadian Dollar (CAD) is weighed down by the pullback in Oil prices.

The British Pound loses ground against the Greenback on Thursday as solid economic data in the US, trump an upbeat Gross Domestic Product (GDP) report in the UK. At the time of writing, the GBP/USD trades at 1.3367, down 0.53%.

The Japanese Yen (JPY) treads water against the US Dollar (USD) on Thursday, as USD/JPY lacks strong follow-through buying amid lingering intervention risks tied to excessive Yen weakness.

The Euro (EUR) is soft within its recent range while still trading just above the Friday/Monday lows, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Canadian Dollar (CAD) is soft and entering Thursday’s NA session with a modest decline vs. the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Euro (EUR) weakens further against the US Dollar (USD) on Thursday as the Greenback extends its advance following the release of weekly US labor-market data. At the time of, EUR/USD

AUD/USD trades around 0.6680 on Thursday at the time of writing, virtually unchanged on the day, as investors digest a batch of encouraging US economic data alongside mixed signals from Australia.

The British Pound (GBP) weakens against the Japanese Yen (JPY) on Thursday as renewed intervention speculation lends support to the Yen after its recent slump. At the time of writing, GBP/JPY hovers near 212.35, extending losses for a second consecutive day while holding near multi-year highs.

The US Dollar remains bid against a somewhat softer Swiss Franc, weighed by a brighter market sentiment on Thursday. The Greenback keeps its bullish trend from late December lows in play, but has so far been unable to find acceptance above the 0.8020 area.

NZD/USD hovers around 0.5740 on Thursday at the time of writing, virtually unchanged on the day, as investors digest another round of strong US economic data and remain cautious ahead of the weekly US Initial Jobless Claims figures due later in the day.

Brazil Retail Sales (MoM) came in at 1%, above forecasts (0.3%) in November

The USD/JPY pair trades in a tight range around 158.50 during the European trading session on Thursday, but is close to its yearly high of 159.45 posted on Wednesday.

EUR/JPY trades around 184.40 on Thursday at the time of writing, down 0.15% on the day.

US Dollar (USD) is likely to consolidate between 157.90 and 159.00. In the longer run, strong USD rally has scope to extend, potentially breaking above 160.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The Eurozone industrial sector activity rises at a steady pace of 0.7% in November, faster than estimates of 0.5%, according to the data published by Eurostat on Wednesday.

Eurozone Trade Balance s.a. declined to €10.7B in November from previous €14B

Eurozone Industrial Production w.d.a. (YoY) came in at 2.5%, above forecasts (2%) in November

Eurozone Trade Balance n.s.a. below forecasts (€15.2B) in November: Actual (€9.9B)

Eurozone Industrial Production s.a. (MoM) registered at 0.7% above expectations (0.5%) in November

Quiet price action provides no fresh clues; New Zealand Dollar (NZD) is likely to trade in a range between 0.5725 and 0.5755. In the longer run, for the time being, NZD is likely to trade in a range between 0.5720 and 0.5805, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Speculation is intensifying that Japanese authorities may intervene as USD/JPY approaches the critical 160 level, with investors increasingly testing whether warnings will be backed by action, OCBC's FX analysts Sim Moh Siong and Christopher Wong note.

The USD/CAD is trading higher on Thursday, buoyed by strong US data and a softer Canadian Dollar, weighed by the recent pullback in Oil prices.

Bias for Australian Dollar (AUD) is on the downside, but the major support at 0.6655 is not expected to come into view (there is another support level at 0.6665).

EUR/USD is trading lower for the third consecutive day on Thursday, changing hands at 1.1630 at the time of writing and drawing closer to one-month lows, at 1.1618.