The GBP/USD extended its losses for the second straight day, down 0.12% after a stellar US Nonfarm Payrolls report, which could refocus the Federal Reserve on battling higher inflation that has remained above target for five years. At the time of writing, the pair trades at 1.3205.
AUD/USD reverses earlier gains on Friday as stronger-than-expected US Nonfarm Payrolls (NFP) data supports the US Dollar (USD), adding modest pressure on the Australian Dollar (AUD), while price action remains subdued amid thin liquidity due to the Good Friday holiday.
The USD/CAD rises some 0.14% on Friday after an outstanding employment report in the US, which exceeded economists projectio by almost three times, according to the US Bureau of Labor Statistics (BLS).
EUR/USD trades in a tight range on Friday as a stronger-than-expected US Nonfarm Payrolls (NFP) report lends support to the US Dollar (USD), while the Euro (EUR) holds relatively steady amid thin liquidity conditions due to the Good Friday holiday.
United States President Donald Trump is on the wires on Good Friday, claiming the US can easily reopen the Strait of Hormuz, take the oil, and make a fortune on Truth Social.
Ripple (XRP) is trading close to $1.30 at press time on Friday, extending the 2% loss from Thursday.
USD/JPY trades flat on Friday, fluctuating between minor gains and losses as thin holiday liquidity keeps price action subdued. At the time of writing, the pair is trading around 159.58, with traders staying on the sidelines ahead of the US Nonfarm Payrolls (NFP) report.
The Middle East war has become a key driver of global market sentiment, leading to alternating risk-on and risk-off phases amid recurring cycles of de-escalation and escalation during the conflict.
The Australian Dollar’s (AUD) recovery attempt against the US Dollar (USD) has been capped a few pips ahead of the 0.6920 level. The pair has been trimming gains on Friday, returning to the 0.6900 area at the time of writing, with all eyes on the release of the US Nonfarm Payrolls report.
The British Pound (GBP) trades slightly higher against the US Dollar (USD) on Friday, as modest softness in the Greenback lends some support.
Bitcoin (BTC) is trading at $67,000, approaching its key support level at the time of writing on Friday, after nearly erasing its earlier weekly recovery.