EUR/USD edges higher after registering minor gains in the previous day, trading around 1.1650 during the Asian hours on Friday. The pair gains ground, bolstered by the European Central Bank’s (ECB) hawkish monetary policy outlook.

The NZD/USD pair gathers strength to near 0.5960 during the Asian trading hours on Friday, bolstered by a hawkish tone from the Reserve Bank of New Zealand (RBNZ). Markets might turn cautious later in the day ahead of Federal Reserve (Fed) Chair Kevin Warsh's speech at the Jackson Hole Symposium. 

AUD/USD continues its winning streak for the fourth successive day, trading around 0.7200 during the Asian hours on Friday. The currency pair is appreciating as the Australian Dollar (AUD) receives strong support from rising Reserve Bank of Australia (RBA) rate hike bets.

The USD/JPY pair declines to around 159.30 during the early Asian session on Friday. The Japanese Yen (JPY) strengthens against the US Dollar (USD) as Japan’s Tokyo Consumer Price Index (CPI) inflation data strengthens the case for a September Bank of Japan (BoJ) rate hike.

The EUR/USD pair posts modest gains near 1.1655 during the early Asian session on Friday. Markets might turn cautious later in the day as Federal Reserve (Fed) Chairman Kevin Warsh is set to deliver his much-awaited keynote address in Jackson Hole. 

AUD/JPY traded close to 114.75 on Thursday, ahead 0.36% on the session, with a high that stops nineteen pips beneath a ceiling the pair has not traded above since September 7, 1990.

The Aussie Dollar climbed to a three-month high of 0.7198 on Thursday, even though the US Dollar steadied on solid jobs data and hawkish comments by Federal Reserve officials. The AUD/USD trades at 0.7194, up 0.34%.

USD/JPY holds just beneath 159.50 on Thursday, ahead 0.05% across a range of forty-two pips, a fifth consecutive session of grinding higher without getting anywhere.

GBP/USD holds near 1.3600 on Thursday, effectively unchanged at minus 0.05% across a range of barely thirty pips, a third session of drift beneath the high just short of 1.3700 posted earlier this week.

The Mexican Peso loses ground modestly against the US Dollar, after economic data in the United States revealed that the jobs market is solid, while inflation remains above the Federal Reserve’s 2% goal. This suggests that higher interest rates are warranted, a tailwind for the Greenback.

NZD/USD holds just beneath 0.5950 on Thursday, unchanged on the session across a range of twenty-two pips and some forty-five pips under the window high just short of 0.6000 set in early June.

Brown Brothers Harriman’s (BBH) Elias Haddad highlights USD/KRW near a one‑year low after the Bank of Korea (BoK) delivered a back‑to‑back 25bps hike to 3.00%.

The Australian Dollar (AUD) outperforms its major peers on Thursday, buoyed by hawkish Reserve Bank of Australia (RBA) expectations after Australian inflation data released on Wednesday surprised to the upside. A softer US Dollar (USD) provides additional support.

The US Dollar (USD) has navigated an inconclusive range on Thursday, struggling to build on the previous day’s gains and briefly reaching multi-day peaks.

EUR/USD is virtually unchanged on Thursday, with price action settling into consolidation after the pair climbed to a three-month high of 1.1711 earlier this week.

The Pound Sterling registers back-to-back bearish days over the last two days, down about 0.05% after US economic data revealed that the labour market remains solid, while investors eye Central Bank speakers at the Jackson Hole Symposium.

USD/JPY trades in a narrow range below 160 on Thursday, with neither side able to build strong momentum. The US Dollar (USD) is struggling to extend Wednesday’s recovery, while persistent weakness in the Japanese Yen (JPY) continues to keep the pair supported.

EUR/USD reverses its earlier losses on Thursday after coming under pressure on the previous day as the latest US inflation figures helped the US Dollar (USD) regain some lost ground.

Rabobank's Senior FX Strategist Jane Foley discusses EUR/USD dynamics around divergent inflation and policy outlooks in the US and Eurozone.

USD/CAD trades around 1.3870 on Thursday, down a modest 0.05% on the day at the time of writing.

GBP/JPY trades broadly flat on Thursday after Wednesday’s modest pullback ended a four-day winning streak. At the time of writing, the cross trades around 216.45, with momentum indicators suggesting limited buying interest.

MUFG’s Derek Halpenny notes that the Japanese Yen reaction to Deputy Governor Himino’s speech was limited, even as his comments aligned with market expectations for a Bank of Japan rate hike in September.

ING’s Francesco Pesole highlights that the Australian Dollar (AUD) is the only G10 currency gaining this week as hotter July inflation and strong household spending fuel hawkish Reserve Bank of Australia (RBA) expectations.

The New Zealand Dollar (NZD) heads lower for the second consecutive day against a stronger US Dollar (USD) on Monday, as hot US inflation data released on Wednesday has renewed pressure on the US Federal Reserve (Fed) to hike interest rates in the coming months.

Brown Brothers Harriman’s (BBH Elias Haddad notes USD/JPY is stuck between resistance at 160.00 and support at the 200‑day moving average, as Bank of Japan (BoJ) officials maintain hawkish guidance and underlying inflation firms near the 2% target.

The British Pound (GBP) extends losses for the second consecutive day on Thursday, as the US Dollar (USD) strengthens after the hot US inflation report released on Wednesday.

The Australian Dollar (AUD) is up 0.1% at around 0.7180 against the US Dollar (USD) during the European trading session on Thursday. The Aussie pair remains firm this week due to continued outperformance by the antipodean.

EUR/GBP trades around 0.8575 on Thursday at the time of writing, virtually unchanged on the day with a modest gain of 0.05%.

The Euro (EUR) heads lower for the second consecutive day on Thursday, with the  US Dollar (USD) supported by strong US inflation data released on Wednesday.

EUR/JPY trades around 185.65 on Thursday at the time of writing, virtually unchanged on the day. The Euro (EUR) benefits from encouraging German data, while the Japanese Yen (JPY) continues to struggle to attract sustained demand amid concerns over Japan’s fiscal position.