The USD/CAD pair struggles to build on its gains registered over the past two days and trades with a mild negative bias during the Asian session on Friday. Spot prices, however, hold above mid-1.3600s and remain close to a one-week top ahead of crucial employment details from the US and Canada.

NZD/USD appreciates after registering modest losses in the previous day, trading around 0.5940 during the Asian hours on Friday. The pair holds gains as the New Zealand Dollar (NZD) receives support from improving market sentiment driven by the de-escalation of renewed tensions in the Middle East.

The EUR/USD pair trades with a mild positive bias around the 1.1730-1.1735 region during the Asian session on Friday and, for now, seems to have stalled the previous day's modest slide.

USD/CHF holds gains for the second successive day, trading around 0.7810 during the Asian hours on Friday. The pair remains stronger as the US Dollar (USD) holds firm following modest gains recorded in the previous session.

The AUD/JPY cross trades in positive territory around 113.20 during the early European session on Friday. A potential truce between the United States (US) and Iran improves risk sentiment, supporting the Australian Dollar (AUD) against the Japanese Yen (JPY).

EUR/JPY steadies after posting a little gain in the previous trading day, hovering around 184.00 during the Asian hours on Friday.

The USD/JPY pair loses ground to around 156.85 during the Asian session on Friday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) following another intervention by Japanese authorities. Markets might turn cautious later on Friday ahead of the US April employment report. 

The GBP/USD pair posts modest gains around 1.3560 during the Asian trading hours on Friday. Hopes for a peace deal to end the Middle East conflict weaken the US Dollar (USD) as a safe-haven asset. The US April employment data will take center stage later on Friday. 

The AUD/USD pair finds some support near the 0.7200 mark during the Asian session on Friday, though it struggles to gain any meaningful traction amid persistent geopolitical uncertainties.

USD/CAD depreciates after two days of gains, trading around 1.3660 during the Asian hours on Friday. The pair weakens as the US Dollar (USD) softens amid improving market sentiment driven by the de-escalation of renewed tensions in the Middle East.

On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8502 compared to the previous day's fix of 6.8487 and 6.8138 Reuters estimate.

The USD/JPY pair flat lines around 157.00 during the early Asian session. The pair steadies following another intervention by Japanese authorities. Traders might wait on the sidelines ahead of the US April employment report, which will be published later on Friday. 

The EUR/USD pair posts modest gains around 1.1730 during the early Asian session on Monday, supported by growing optimism surrounding a potential US-Iran peace deal. Markets might turn cautious later in the day ahead of the highly-anticipated US Nonfarm Payrolls (NFP) report for April. 

GBP/USD edged slightly lower to around 1.3550 on Thursday, lower around 0.3% after the pair touched a session high near 1.3645 before turning back down.

AUD/USD edged about 0.2% lower on Thursday to around 0.7205, easing back from a multi-year peak just shy of 0.7280 reached earlier in the session.

USD/JPY recovered close to 156.90 on Thursday, edging up roughly 0.4% from Wednesday's slide to 155.04, the lowest level since early February.

The Mexican Peso erases some of its earlier gains and drops some 0.13% as the USD/MXN pair advances after the Bank of Mexico (Banxico) cut rates and warned that the easing cycle has ended. The exotic pair trades at 17.27 after testing a low of 17.19.

The NZD/USD pair is trading with a softer tone near the 0.5940 region on Friday, pressured by cautious market sentiment as investors continue tp react to rapidly changing headlines surrounding the potential peace agreement between the United States (US) and Iran.

Banco de Mexico —also known as Banxico—reduced borrowing costs by 25 basis points on Thursday, as expected by market participants, from 6.75% to 6.50%.

EUR/USD eases from intraday highs on Thursday as evolving geopolitical developments surrounding tensions in the Middle East help the US Dollar (USD) and Oil prices recover some losses after recent weakness.

GBP/USD advances by some 0.28% on Thursday as the US and Iran appear close to signing a peace deal that could reopen the Strait of Hormuz, while keeping issues—like the nuclear program—unresolved. At the time of writing, the pair trades at 1.3627.

Scotiabank strategists Shaun Osborne and Eric Theoret report the Euro (EUR) is modestly higher, extending a sentiment-driven recovery despite softer expectations for European Central Bank (ECB) tightening.

The USD/JPY pair is currently trading around the 156.40 level, showing minimal change throughout the day. This stability comes as multiple reports indicate that the United States (US) and Iran are moving closer to a deal to resolve the over two-month-long conflict.

The Swiss Franc (CHF) strengthens against the US Dollar (USD) on Thursday as renewed hopes for a possible US-Iran peace deal pressure the Greenback. At the time of writing, USD/CHF is trading around 0.7766, its lowest level since March 10.

Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) is little changed as traders await US/Iran headlines and Friday’s Canadian employment data. USD/CAD trades near 1.36, with spot still above Scotiabank’s fair value estimate around 1.3514.

Societe Generale’s team highlights that GBP/USD has edged higher, helped by lower Oil prices, risk correlations and Asian FX intervention-driven US Dollar (USD) selling. However, they stress that UK local elections and seasonal patterns pose downside risks.

Nomura's research analysts note that the the central bank of Sweden, Riksbank kept its policy rate at 1.75% in May, maintaining a wait-and-see stance as weak inflation offsets upside risks from global energy prices and the Iran war.

BNY's Geoff Yu highlights that Euro area retail trade shows modest growth while Eurozone construction PMI signals a sharp contraction and rising cost pressures. German manufacturing orders and services turnover are improving, but France’s trade deficit is widening on energy imports.

EUR/GBP trades flat on Thursday as traders remain cautious ahead of the UK local election results, while also assessing the prospects of a possible US-Iran deal aimed at ending the war in the Middle East.

Commerzbank analysts Michael Pfister and Norman Liebke argue that the Mexican Peso (MXN) is likely to weaken against the US Dollar (USD) in coming weeks as Banxico maintains a dovish stance despite rising inflation risks.