The EUR/USD ended Friday with losses of 0.10% but the week finished on a higher note up 0.51% as risk appetite deteriorated amid growing speculation the Federal Reserve would pause its easing cycle next month. Nevertheless, the pair closed above the 1.1600 figure, paving the way for further upside.

USD/JPY trims early losses on Friday, with the pair rebounding toward nine-month highs as the US Dollar (USD) stabilizes. At the time of writing, USD/JPY is trading around 154.60, recovering from an intraday low near 153.62 and remains on track for modest weekly gains.

AUD/USD trades higher on Friday around 0.6550 at the time of writing, up 0.30% on the day, supported by renewed demand for the Australian Dollar (AUD) following solid economic releases from Australia and China, while uncertainty persists around the US Dollar (USD).

NZD/USD trades higher around 0.5680 on Friday, up 0.60% on the day at the time of writing. The pair benefits from a softer US Dollar (USD) as investors remain cautious ahead of the resumption of key US macroeconomic releases, which were delayed due to the recent government shutdown.

USD/CHF stages a modest rebound on Friday after slipping to its lowest level since October 17 earlier in the European session. The pair found support as traders reacted to headlines that the United States and Switzerland have reached a new trade deal, helping stabilize sentiment.

Russia Consumer Price Index (MoM) up to 0.5% in October from previous 0.34%

EUR/CAD trades with minimal movement on Friday, holding near 1.6310 at the time of writing, as investors assess the impact of a more cautious tone from the European Central Bank (ECB).

The British Pound (GBP) trades on the back foot against the Japanese Yen (JPY) on Friday after the Pound weakened broadly following a Financial Times report that Prime Minister Keir Starmer and Chancellor Rachel Reeves have abandoned plans to raise income-tax rates ahead of the November 26 budget.

The Euro (EUR) extends losses against the Swiss Franc (CHF) on Friday, with EUR/CHF sliding to its lowest level since 2015, when the Swiss National Bank (SNB) abruptly abandoned its minimum exchange-rate floor.

There is a chance for US Dollar (USD) to rise above 155.00; a continued advance above this level is unlikely. In the longer run, the price action suggests USD is likely to trade with an upside bias; any gains may be capped near 155.55, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The current price movements appear to be part of a range-trading phase between 0.5630 and 0.5680. In the longer run, no change in view; NZD is likely to trade in a range between 0.5605 and 0.5695, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Outlook is mixed; AUD could trade in a range between 0.6510 and 0.6560. In the longer run, for the time being, AUD is likely to trade in a 0.6490/0.6580 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Pound Sterling (GBP) is expected to trade between 1.3120 and 1.3200. In the longer run, there has been a tentative buildup in momentum, and GBP could test 1.3240, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The AUD/USD pair gives up its early gains and declines 0.3% to near 0.6500 during the European trading session on Friday. The Aussie pair slumps as the US Dollar (USD) bounces back strongly.

The US Dollar remains vulnerable against a firmer Swiss Franc, which is drawing support from a cautious market mood to appreciate against its main peers on Friday.

EUR/JPY trades around 179.80 on Friday, virtually unchanged on the day after reaching a new multi-year high just below the 180.00 level. The Japanese Yen (JPY) remains on the back foot, pressured by uncertainty over the Bank of Japan’s (BoJ) tightening trajectory. 

Eurozone Trade Balance s.a. rose from previous €9.7B to €18.7B in September

Eurozone Employment Change (YoY) down to 0.5% in 3Q from previous 0.6%

Eurozone Trade Balance n.s.a. up to €19.4B in September from previous €1B

Eurozone Employment Change (QoQ) meets expectations (0.1%) in 3Q

Reports of UK Chancellor Rachel Reeves scrapping plans for income tax hikes are pressuring the pound.

The US Dollar ticked higher against the Loonie, as market sentiment soured in the early European session on Friday.

The NZD/USD pair trades 0.35% higher to near 0.5675 during the European trading session on Friday.

The Pound is retracing gains against the Japanese Yen on Friday, after failing to break above the 204.00 area.

EUR/USD extends gains for the eighth consecutive day on Friday, trading at 1.1640 at the time of writing on Friday, on track for a 0.6% rally this week.

France Consumer Price Index (EU norm) (YoY) registered at 0.8%, below expectations (0.9%) in October

France Consumer Price Index (EU norm) (MoM) meets expectations (0.1%) in October

The Pound Sterling (GBP) continues to underperform its peers on Friday.

Eurostat is set to release preliminary Q3 Gross Domestic Product (GDP), seasonally adjusted data, for the Eurozone at 10:00 GMT on Friday.

Here is what you need to know on Friday, November 14: