The AUD/USD pair edges higher to around 0.6330 during the early Asian session on  Friday. The US Dollar (USD) weakens against the Australian Dollar (AUD) as US President Donald Trump's fresh trade tariffs stoke fears of a global recession.

EUR/USD rallied hard on Thursday, with the Euro getting pushed higher alongside the rest of the market as the US Dollar tumbles on the heels of the Trump administration’s combined flat and “reciprocal” tariff packages that were unveiled this week.

GBP/USD briefly clipped the 1.3200 handle for the first time in six months on Thursday, climbing into fresh highs as the Greenback turns sour across the board.

The NZD/USD pair continued its positive run on Thursday, holding firm near the 0.5800 area and gaining momentum ahead of the Asian session.

AUD/JPY saw renewed bearish momentum on Thursday, falling toward the 92.40 region and erasing recent recovery attempts.

The Canadian Dollar (CAD) soared 1.1% against the US Dollar (USD) on Thursday, sending USD/CAD to 17-week lows near the 1.4000 handle for the first time since last December.

During Thursday’s session, the USD/CHF pair suffered a sharp decline, tumbling toward the 0.8600 region and marking its weakest levels in nearly six months.

The Pound Sterling (GBP) surges to near 1.3200 against the US Dollar (USD) during the North American trading hours on Thursday, the highest level seen in almost six months.

EUR/USD saw a sharp rally on Thursday, climbing strongly and settling near the 1.1100 area after the European session.

USD/JPY fell as demand for safe-haven overwhelms even as Japan is slapped with 24% reciprocal tariff rate.

Eurozone Producer Price Index (MoM) came in at 0.2%, above forecasts (0.1%) in February

Eurozone Producer Price Index (YoY) climbed from previous 1.8% to 3% in February

Eurozone HCOB Services PMI came in at 51, above expectations (50.4) in March

Eurozone HCOB Composite PMI above expectations (50.4) in March: Actual (50.9)

Germany HCOB Services PMI came in at 50.9, above expectations (50.2) in March

Germany HCOB Composite PMI came in at 51.3, above expectations (50.9) in March

France HCOB Composite PMI came in at 48, above forecasts (47) in March

France HCOB Services PMI above forecasts (46.6) in March: Actual (47.9)

Italy HCOB Services PMI below expectations (52.5) in March: Actual (52)

The EUR/USD pair climbs to around 1.0950 during the early Asian session on Thursday.

European Commission President Ursula von der Leyen responded to US President Donald Trump’s ‘reciprocal tariffs’ on Thursday, noting that “US tariffs are a major blow to the world economy.”

The Indian Rupee (INR) remains under selling pressure on Thursday, pressured by the weakening in Asian equity and currency markets after US President Donald Trump imposed broad-based tariffs.

The Japanese Yen (JPY) jumped to a three-week top against its American counterpart during the Asian session on Thursday after US President Donald Trump imposed sweeping trade tariffs.

The AUD/USD pair remains under selling pressure around 0.6280 during the early Asian session on Thursday.

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1889 as compared to the previous day's fix of 7.1793 and 7.2532 Reuters estimate.

The NZD/USD pair faces some selling pressure to near 0.5730 during the early Asian session on Thursday.

On Wednesday, the EUR/USD pair saw a bullish surge after the Trump administration announced tariffs that turned out to be less severe than many investors had anticipated, given President Donald Trump’s barrage of tariff threats over the last 72 days.

The USD/CAD pair attracts some buyers to near 1.4275, snapping the two-day losing streak during the late American session on Thursday.

GBP/USD stepped into fresh bids at six-month highs on Wednesday after the Trump administration unveiled tariffs that overall came in better than many investors had feared based on President Donald Trump’s cavalcade of tariff threats since taking up residence in the White House 72 days ago.

On Wednesday's American session, the Australian Dollar pulled back after a brief spike to multi-day highs, with the AUD/USD pair slipping back under the 0.6300 threshold.