US Dollar (USD) is likely to trade in a range between 151.30 and 152.70. In the longer run, the current price movements are likely the early stages of a 149.50/153.00 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The Euro (EUR) is showing signs of stabilization against the US Dollar (USD) on Friday, pausing a four-day losing streak as the Greenback softens. At the time of writing, EUR/USD trades near 1.1621, up around 0.50% on the day, after dipping to a two-month low on Thursday.
GBP/USD retreats toward 1.3280 during Friday’s US session, marking a fresh two-month low. The US Dollar (USD) remains firm, supported by increased safe-haven demand amid political uncertainty in Japan and France.