The USD/CAD pair touched a fresh high since late March during the Asian session on Monday and looks to build on the strength further beyond mid-1.3900s.
The EUR/USD pair gains momentum to around 1.1535 during the early Asian trading hours on Monday. Nonetheless, persistent geopolitical tension might cap the upside for the Euro (EUR) against the US dollar (USD).
On Monday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8198 compared to Friday's fix of 6.8157.
The GBP/USD pair recovers slightly from a three-week low, touched during the Asian session on Monday, and climbs closer to mid-1.3300s in the last hour.
USD/JPY moves little after registering modest gains in the previous day, trading around 160.30 during the Asian hours on Monday. With the currency pair holding firm above the critical 160.00 threshold, market participants remain highly alert to potential government intervention.
The AUD/USD pair remains under selling pressure near 0.7035 during the early Asian session on Monday. The Australian Dollar (AUD) extends the decline against the US Dollar (USD) amid escalating tensions in the Middle East and stronger-than-expected US economic data.
NZD/USD falls sharply towards the 0.5790 region on Friday as the US Dollar (USD) strengthened following a stronger-than-expected Nonfarm Payrolls (NFP) report, while the New Zealand Dollar (NZD) struggled to attract buyers amid a cautious market mood.
NZD/USD slips to its lowest level since April on Friday as the US Dollar (USD) receives fresh bids in the wake of solid US Nonfarm Payrolls (NFP) data. At the time of writing, the pair trades around 0.5800 and is heading for a weekly loss of nearly 3%.
The USD/CAD pair rises and trades near the 1.3930 region on Friday as the US Dollar (USD) gains ground following a stronger-than-expected Nonfarm Payrolls (NFP) report, offsetting support from an equally impressive Canadian employment release.
The Swiss Franc (CHF) weakens on Friday as the US Dollar (USD) outperforms its major peers following upbeat US labor market data. At the time of writing, USD/CHF is trading around 0.7955, climbing to a two-month high.
The Pound Sterling falls below the 1.3400 figure, registering losses of 0.37% after the latest Nonfarm Payrolls report in the US crushed estimates, potentially confirming that the economy is at full employment.
EUR/USD weakens on Friday as the US Dollar (USD) rallies following a stronger-than-expected US Nonfarm Payrolls (NFP) report. At the time of writing, the pair trades around 1.1559, slipping to two-month lows.
AUD/USD trades around 0.7105 at the time of writing on Friday, down 0.39% on the day, as the US Dollar (USD) gains support following a stronger-than-expected US employment report.
USD/JPY trades around 160.00 on Friday at the time of writing, virtually unchanged on the day after rebounding from its intraday lows following the release of the US employment report.
The Euro (EUR) slips against the British Pound (GBP) on Friday after a downward revision to Eurozone growth figures cast fresh doubt over the region's economic outlook. EUR/GBP trades around 0.8642 at the time of writing, pulling back after two days of gains.
BNY’s Bob Savage highlights that Japan’s government aims to strengthen the Japanese Yen by boosting long‑term competitiveness, while USD/JPY trades near 160. Authorities, including the Finance Ministry and BOJ, signal readiness to intervene and potentially raise rates if inflation risks rise.
The Canadian Dollar (CAD) pares some losses against the US Dollar (USD) on Friday, with the USD/CAD pair trading at 1.3880 at the time of writing after hitting a two-month high of 1.3925 on Thursday.
NZD/USD trades around 0.5880 at the time of writing on Friday, up 0.20% on the day. The New Zealand Dollar (NZD) continues to strengthen as markets aggressively reprice the New Zealand interest rate outlook following recent comments from the central bank.
Brown Brothers Harriman’s (BBH) Elias Haddad reports the Reserve Bank of India (RBI) kept its policy rate at 5.25% with a neutral stance, in line with most expectations. Indian Rupee (INR) outperformed after authorities unveiled measures to attract foreign capital and tax exemptions for investors.
Pfister at Commerzbank outlines three scenarios for higher EUR/USD in coming weeks. The pair has retreated towards 1.16 as markets cut European Central Bank (ECB) hike expectations from four moves to about 70 bps.
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.
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.
The Swiss Franc (CHF) extends gains against the US Dollar (USD) for the second consecutive day on Friday, with the USD/CHF pair hitting session lows at 0.7872 so far, down from nearly two-month highs at 0.7927 earlier in the week.The Swissie is drawing some support from a moderate US Dollar weakness
MUFG’s Derek Halpenny highlights growing signs of United Kingdom (UK) labour market weakness, including a sharp HMRC jobs drop and elevated HR1 redundancy notifications, which could influence Bank of England (BoE) policy.
UOB’s Quek Ser Leang and Lee Sue Ann now see USD/JPY in a neutral, range-trading phase after earlier upside momentum faded.
The Japanese Yen’s (JPY) mild recovery attempt seen during Friday’s Asian session has been short-lived.
The Australian Dollar (AUD) is navigating rough waters, in the stark divergence between persistent domestic inflation and slowing economic growth.
UOB’s Quek Ser Leang and Lee Sue Ann highlight lingering downside momentum in AUD/USD after recent declines, with the pair hovering just above 0.7120 support. A clear break below 0.7120 could open the way toward 0.7095, while resistance is seen at 0.7150–0.7165.