AUD/USD caught a late-week lift on Friday, rising into the 0.6550 region after the latest US inflation data pushed the US Dollar (USD) lower across the board.
Silver (XAG/USD) extends its rally for the fourth consecutive day on Friday, with spot prices climbing to fresh 14-year highs.
The Swiss Franc (CHF) extends its rally for the fourth consecutive day on Friday, with USD/CHF slipping toward the 0.8000 psychological mark near fresh one-month lows, pressured by a broadly weaker US Dollar (USD) despite resilient US inflation and spending data.
The British Pound (GBP) trades under pressure against the US Dollar (USD) on Friday, snapping a three-day winning streak as the Greenback holds firm.
The Euro (EUR) is trading under pressure against the US Dollar (USD) on Friday, edging lower in early dealings before steadying around 1.1660 after the US July Personal Consumption Expenditures (PCE) inflation report came broadly in line with expectations.
The EUR/CHF attracts buyers on Friday, extending gains for a second straight day after a three-day decline earlier in the week. The cross is trading near 0.9358 at the start of the American session, holding just below the 100-day Exponential Moving Average (EMA).
The USD/CAD is virtually unchanged on Friday, trading flat after pausing a three-day losing streak as traders turn cautious ahead of the US Personal Consumption Expenditures (PCE) inflation report and Canada’s Gross Domestic Product (GDP), both scheduled for release at 12:30 GMT.
The Japanese Yen (JPY) is entering Friday’s NA session flat from Thursday’s close, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
US Dollar (USD) could edge lower; based on the current momentum, it may not reach the major support at 146.40. In the longer run, outlook is mixed; USD could trade in a range between 146.40 and 148.40, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The Euro (EUR) is quietly consolidating within a remarkably tight range and entering Friday’s NA session unchanged from Thursday’s close, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Canadian Dollar (CAD) gains have stalled in the low/mid-1.37 zone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
New Zealand Dollar (NZD) is expected to move higher, but the major resistance at 0.5920 is unlikely to come under threat. In the longer run, the likelihood of NZD breaking above the top of the 0.5820/0.5920 range is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Australian Dollar (AUD) could rise above 0.6540; it is unlikely to reach the next resistance at 0.6555. In the longer run, AUD is slightly positive, and it is likely to edge higher to 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
There is a chance for Pound Sterling (GBP) to test 1.3545; the major resistance at 1.3575 is unlikely to come into view. In the longer run, GBP is likely to trade in a range between 1.3395 and 1.3575, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The NZD/USD pair holds onto gains near 0.5885 during the European trading session on Friday. The Kiwi pair demonstrates strength ahead of the United States (US) Personal Consumption Expenditure Price Index (PCE) data for July, which will be published at 12:30 GMT.
Momentum continues to suggest upside potential in Euro (EUR); negative divergence suggests any advance may not reach 1.1720.
The AUD/USD pair struggles to extend its upside above the key level of 0.6500 during the European trading session on Friday.
USD/JPY was a touch softer, likely weighed by moves in USD/CNY. Pair was last at 147.13 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Euro (EUR) was better bid as political concerns somewhat faded, and USD retreated. Last at 1.1675 levels.
The USD/JPY pair trades in a tight range around 147.00 during the European trading session on Friday. The pair wobbles as investors await key United States (US) Personal Consumption Expenditure Price Index (PCE) data for July, which will be published at 12:30 GMT.