The EUR/USD pair trades in positive territory around 1.1190 during the early European trading hours on Friday. A hawkish pause from the European Central Bank (ECB) provides some support to the Euro (EUR) against the US Dollar (USD).
USD/CHF extends its losses for the third consecutive day, trading around 0.8220 during Asian hours on Friday. The pair is experiencing downward pressure as the US Dollar (USD) weakens on reduced safe-haven demand, driven by optimism around US-led diplomatic efforts.
EUR/JPY halts its two-day winning streak, trading around 176.10 during Asian hours on Friday. The currency cross loses ground as the Japanese Yen (JPY) holds gains following the Bank of Japan's (BoJ) decision to leave its short-term interest rate unchanged at 1.25%.
The USD/JPY pair drifts lower for the third straight day on Friday, sliding further below mid-157.00s during the Asian session following the highly anticipated Bank of Japan (BoJ) decision.
The British Pound (GBP) remains almost stable against the Japanese Yen (JPY) at around 210.80 after the Bank of Japan’s (BoJ) monetary policy announcement.
The AUD/USD pair gathers strength to near 0.7035 during the Asian trading hours on Friday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) as hotter Australian CPI inflation data has bolstered expectations of Reserve Bank of Australia (RBA) rate hikes.
USD/CAD loses ground for the third consecutive day, trading around 1.3970 during Asian hours on Friday. The pair depreciates despite renewed Middle East diplomatic efforts easing pressure on oil markets, placing downward pressure on the commodity-linked Canadian Dollar (CAD).
The EUR/USD pair builds on the previous day's goodish rebound from the 1.1100 neighborhood, or a fresh low since May 2025, gaining positive traction for the third straight day on Friday.
GBP/USD extends its gains for the third consecutive day, trading around 1.3400 during Asian hours on Friday. The pair appreciates as the British Pound (GBP) gains ground on hawkish sentiment surrounding the Bank of England’s (BoE) upcoming policy decision next week.
On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7138 compared to the previous day's fix of 6.7147 and 6.6548 Reuters estimate.
The NZD/USD pair edges lower during the Asian session on Friday, reversing a part of the previous day's modest uptick and stalling its bounce from a two-week low, touched after the Reserve Bank of New Zealand (RBNZ) decision on Wednesday.
The Australian Dollar weakens against the US Dollar on Thursday after encountering a key resistance confluence at the 50- and 200-day SMAs, while strong US data reaffirmed the economy’s strength, which could increase the chances of higher interest rates. The AUD/USD trades at 0.7020.
The Euro dropped to a new low on the European Central Bank's (ECB) hold, and the Pound didn't, so GBP/USD is up more than EUR/USD. GBP/USD's session low, just under 1.3300, came before the ECB's decision, and it has climbed since ECB President Lagarde's press conference began.
European Central Bank (ECB) President Lagarde said another hike in December remains likely, and EUR/USD has climbed from below its October 14 low to above Wednesday's high.
US growth beat its forecast, and the Dollar is still lower against the Yen after results from Amazon (AMZN) and Intel (INTC) disappointed. USD/JPY reached its session high just above 158.00 around the European Central Bank's (ECB) decision.
The Pound Sterling rises by over 0.32% against the Japanese Yen as the pair clears the 50-day Simple Moving Average (SMA) of 210.77, putting in play a chance of testing the 211.00 psychological figure.
The Bank of Japan (BoJ) is set to announce its monetary policy decision on Friday at around 02:30 GMT.
The Mexican Peso is poised to depreciate over 1.20% against the US Dollar on Thursday, with the USD/MXN trading at 18.86.
USD/JPY trades little changed on Thursday as the Japanese Yen (JPY) underperforms most of its major peers, although a softer US Dollar (USD) keeps the pair from gaining much ground. Traders remain cautious ahead of the Bank of Japan’s (BoJ) monetary policy announcement on Friday.
Scotiabank strategists Shaun Osborne and Eric Theoret say the Canadian Dollar (CAD) is flat versus the US Dollar (USD) but firmer against other commodity currencies, supported by a modestly hawkish Bank of Canada (BoC) hike.
The Pound Sterling appreciates against the US Dollar on Thursday, even though US economic data was solid: GDP figures exceeded estimates, inflation rose, and the job market is robust. The GBP/USD trades at 1.3340, up 0.19%.
EUR/GBP remains on the back foot on Thursday as the European Central Bank’s (ECB) monetary policy announcement fails to lift the Euro (EUR) against the British Pound (GBP), which outperforms its major peers.
EUR/USD extends its decline on Thursday, hitting a fresh 17-month low of 1.1105, its weakest level since May 2025.
USD/CAD attracts buyers during American trading hours on Thursday as traders digest the latest US economic data, which keeps hawkish Federal Reserve (Fed) expectations intact and supports the US Dollar (USD).
The Japanese Yen (JPY) has trimmed some losses against the US Dollar (USD) on Thursday as softer-than-expected Personal Income and Spending data offset the enthusiasm about the bright Gross Domestic Product (GDP) reading.
Philip Wee at DBS Group Research expects the European Central Bank to keep its deposit rate unchanged while signalling a possible December hike. He suggests the ECB will use the breathing space from France’s rating affirmation to focus on its 2% inflation target.
Silver (XAG/USD) accelerated its downtrend on Thursday, with bears pushing against the floor of the yearly trading range at the $52.60 area.
GBP/JPY holds modest gains on Thursday as the Japanese Yen (JPY) underperforms most of its major peers. Investors assess the UK Autumn Budget and await the Bank of Japan’s (BoJ) monetary policy announcement on Friday. At the time of writing, the cross trades around 210.64, up 0.15% on the day.
The British Pound (GBP) edges down to near 1.3312 against the US Dollar (USD) during the European trading session on Thursday.
Societe Generale strategists note that EUR/USD remains near the lower end of its recent trading range following the Fed’s decision to hold rates at 3.75%-4.00%.