India FX Reserves, USD increased to $682.32B in May 25 from previous $681.38B

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty.

MUFG’s Derek Halpenny notes the US Dollar (USD) is trading near the top of its recent range as markets await key United States (US) labour data, with EUR/USD seen vulnerable to a stronger Nonfarm Payrolls (NFP) report.

Gold (XAU/USD) nurses moderate losses on Friday, trading just above $4,460 at the time of writing, after failing to confirm a move above $4,500 on Thursday.

India’s Q1 Gross Domestic Product (GDP) data rises at a steady pace of 7.8% Year-on-Year (YoY), faster than estimates of 7.2%.

India Gross Domestic Product Quarterly (YoY) above forecasts (7.2%) in 1Q: Actual (7.8%)

The USD/JPY pair trades in a tight range around 160.00 during the European trading session on Friday. The pair wobbles as investors await the United States (US) Nonfarm Payrolls (NFP) data for May, which will be published at 12:30 GMT.

Gold (XAU/USD) trades around $4,463 on Friday at the time of writing, down 0.26% on the day, as investors reduce exposure ahead of the release of the US May employment report.

Australia Private Sector Credit (YoY) dipped from previous 8.1% to 8% in April

Australia Private Sector Credit (MoM) above expectations (0.6%) in April: Actual (0.7%)

TD Securities’ Global Strategy Team highlights a bull-steepening in US rates as Oil fell and geopolitical headlines hit sentiment.

The Euro (EUR) is going through a solid recovery against the US Dollar (USD) on Friday, reaching levels a few pips shy of 1.1650 at the time of writing.

BNY’s Bob Savage notes that both retail and institutional investors bought the April weakness in US equities, but momentum has faded and exposure to energy and technology is elevated.

The Indonesian Rupiah (IDR) has dropped to a historic low, crossing the psychological threshold of 18,000 per US Dollar alongside a sharp multi-year contraction in domestic equity markets.

Silver prices (XAG/USD) fell on Friday, according to FXStreet data. Silver trades at $72.87 per troy ounce, down 1.37% from the $73.89 it cost on Thursday.

Danske Bank’s Danske Research Team notes that US economic growth slowed at the start of 2026 but has remained more resilient than expected despite the war in Iran.

Deutsche Bank strategists highlight that Brent Oil has reversed recent gains as hopes grow for a US-Iran deal, easing stagflation concerns and pulling inflation expectations lower. They note declines in both spot and 6‑month Brent futures alongside softer US and Euro inflation swaps.

Rabobank’s Senior Market Strategist Benjamin Picton highlights moves by Australia’s iron ore majors to counter China’s growing monopsony power in the iron ore trade.

Greece Gross Domestic Product s.a (YoY): 2% (1Q) vs previous 2.4%

Italy Retail Sales n.s.a (YoY) fell from previous 3.7% to 1.6% in April

Italy Retail Sales s.a. (MoM) came in at 0% below forecasts (0.2%) in April

Eurozone Employment Change (YoY): 0.5% (1Q)

Eurozone Employment Change (QoQ) in line with expectations (0.1%) in 1Q

Eurozone Gross Domestic Product s.a. (YoY) below forecasts (0.8%) in 1Q: Actual (0.3%)

Greece Unemployment Rate (QoQ) rose from previous 8.3% to 10.6% in 1Q

Eurozone Gross Domestic Product s.a. (QoQ) below forecasts (0.1%) in 1Q: Actual (-0.2%)

ING’s Francesco Pesole highlights that limited upside volatility in Oil, despite stalled US-Iran talks, is capping further Dollar gains even as the macro backdrop improves and Fed expectations turn more hawkish.