The New Zealand Dollar shows minor losses on Friday, with the pair pulling back from four-week highs at 0.5730, although it remains steady above 0.5700, on track for a 1.7% weekly rally, after its strongest week since May.
EUR/USD is ticking lower on Friday, trading at 1.1585 at the time of writing, yet on track to a nearly 0.6% advance this week, as the US Dollar struggled due to rising bets that the US Federal Reserve will lower interest rates further in December.German data has been mixed.
The Euro is showing a mild positive tone against the British Pound on a calm trading session on Friday, yet with bulls struggling to find acceptance above a previous support, now turned resistance, in the area between 0.8765 and 0.8770.A batch of Eurozone releases has not been particularly supportiv
Here is what you need to know on Friday, November 28:
USD/CAD holds ground after three days of losses, trading around 1.4040 during the early European hours on Friday. The daily chart’s technical setup reflects an ongoing bullish bias, with the pair remaining within its ascending channel pattern.
The EUR/JPY cross trades in negative territory near 181.05 during the early European session in Friday. The Japanese Yen (JPY) edges higher against the Euro (EUR) amid some verbal intervention from Japanese authorities.
The Federal Statistics Office of Germany, Destatis, will publish the Retail Sales report on Friday at 07:00 GMT.
EUR/USD ticks lower after three days of gains, trading around 1.1590 during the Asian hours on Friday. The pair loses ground as the US Dollar (USD) holds ground after three days of losses.
The GBP/JPY cross attracts some intraday sellers following an Asian session uptick to the 207.20 area, or a fresh high since July 2024, and turns lower for the second straight day on Friday.
The USD/CAD pair posts modest gains near 1.4030 during the Asian trading hours on Friday. The potential upside for the Greenback might be limited as traders ramped up bets for further monetary easing from the US Federal Reserve (Fed) next month.