The USD/CAD pair is seen extending its sideways consolidative price move for the second straight day and trading above the 1.3600 mark during the Asian session on Monday.
NZD/USD inches higher after registering modest gains in the previous session, trading around 0.6040 during the Asian hours on Monday.
The GBP/USD pair kicks off a new week on a subdued note and oscillates in a narrow range, just below mid-1.3600s, during the Asian session.
The AUD/USD pair attracts some buyers in the vicinity of mid-0.7000s during the Asian session on Monday and, for now, seems to have stalled its corrective pullback from a three-year high, touched last week.
EUR/USD opens the week on a softer note, trading near 1.1860 during the Asian session on Monday. Activity is likely to remain muted, with United States (US) markets closed for the Presidents’ Day holiday, while Mainland China is also shut for the week-long Lunar New Year break.
The USD/JPY pair attracts some buyers during the Asian session on Monday and climbs back above the 153.00 mark following the disappointing release of Japan's Q4 GDP report.
MUFG’s Michael Wan views the detailed US–India interim trade deal, including tariff cuts and exemptions, as positive for India’s external position. He sees scope for USD/INR to briefly break below 90 in coming months, but expects only a shallow INR recovery.
The Japanese Yen (JPY) rebounds against the US Dollar (USD)on Friday, as the Greenback trims earlier gains after softer-than-expected US inflation data.
USD/CAD trades in a tight range on Friday, as the US Dollar (USD) holds firm despite softer-than-expected US inflation data. At the time of writing, USD/CAD is hovering near 1.3625, holding modest gains and remaining on the front foot for a third consecutive day.
The GBP/USD holds firm at around 1.3620 as the latest inflation report in the United States, prompted traders to re-price in the likelihood of an interest rate reduction by the Federal Reserve at the June meeting. The pair trades flat yet poised to end the week with a minimal gain of 0.12%.
EUR/CHF extends its decline on Friday, as Swiss inflation data supports the Swiss Franc (CHF). At the time of writing, the pair is trading around 0.9120, hovering near the all-time low of 0.9095.
The Euro (EUR) regains some ground against the US Dollar (USD) on Friday, with EUR/USD clawing back part of its earlier losses as soft US Consumer Price Index (CPI) data pressures the Greenback.
Rabobank’s Bas van Geffen discusses how EU leaders are increasingly considering a multispeed European Union to address structural reforms and competitiveness.
EUR/GBP rebounds from earlier daily lows on Friday, with the Euro (EUR) drawing modest support from preliminary Eurozone Gross Domestic Product (GDP) data that showed the economy growing in line with expectations in the fourth quarter of 2025.
Silver (XAG/USD) shows minor gains on Friday, trading at $77.35 at the time of writing after bouncing from lows near $74.00 on Thursday. The white metal, however, remains on track for its third consecutive weekly decline, with bulls lacking follow-through above the $79.00 area.
Nordea’s Ole Håkon Eek-Nielsen and Henrik Unell, notes that EUR/SEK has broken to new lows as the SEK bull story aligns with Dollar weakness and strong repatriation flows.
Rabobank’s Molly Schwartz and Christian Lawrence expect USD/CAD to trade broadly sideways through 2026 as US‑Canada trade tensions and USMCA review risks offset a weaker Dollar.
Deutsche Bank analysts note that EUR/USD was little changed, with the Dollar Index edging higher, as markets await the US CPI release for January.
The Pound (GBP) extends losses against the US Dollar (USD) for the fourth consecutive day, trading around 1.3600 on Friday after pulling back from weekly highs above 1.3700.
The US Dollar (USD) found support at 152.30 against the Japanese Yen (JPY) and is trimming some losses on Friday, returning to the upper range of the 153.00s.
MUFG’s Senior Currency Analyst Lee Hardman notes that the Japanese Yen is set to be the best-performing G10 currency this week, with USD/JPY dropping sharply after Japan’s election failed to trigger further Yen weakness.