Silver (XAG/USD) trades modestly higher on Friday as the US Dollar and Treasury yields ease following softer-than-expected US Nonfarm Payrolls (NFP) data. Despite the intraday bounce, the white metal remains on track for its first weekly decline in three weeks.

The New Zealand Dollar erases some of its earlier losses, remains above the 200-day Simple Moving Average (SMA) of 0.5874, seems poised to finish Friday’s session virtually unchanged.

The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on Friday as the Greenback loses momentum following softer-than-expected US Nonfarm Payrolls (NFP) data.

USD/CHF declines on Friday, trading around 0.7780 at the time of writing, down 0.44% on the day, as the Swiss Franc (CHF) benefits from increased safe-haven demand amid economic and geopolitical uncertainty.

AUD/USD trades around 0.7020 on Friday at the time of writing, up 0.11% on the day, as investors digest a much weaker-than-expected US employment report.

The USD/JPY rises and challenges the 158.00 figure on Friday up over 0.20% after the latest employment report in the US revealed weakness in the labor market. Also, the Middle East conflict deteriorates market mood, maintaining the US Dollar bid during the week.

The British Pound (GBP) remains on the back foot against the US Dollar (USD) on Friday, with GBP/USD consolidating losses after a short-lived spike following weaker-than-expected US labor market data.

EUR/USD trades around 1.1560 on Friday at the time of writing, down 0.40% on the day after briefly rebounding toward 1.1590 following the release of the latest United States (US) labor market data.

GBP/JPY trades little changed on Friday, consolidating within the week’s range as traders reassess the monetary policy outlook for major central banks. Rising Oil prices linked to the escalating US-Iran conflict are fueling inflation concerns, which could influence future interest-rate decisions.

NZD/USD trades lower near 0.5870 on Friday, down 0.54% on the day at the time of writing, as the US Dollar strengthens amid geopolitical tensions and investor caution ahead of the upcoming US labor market report.

Brazil Industrial Output (YoY) above forecasts (-0.7%) in January: Actual (0.2%)

Brazil Industrial Output (MoM) came in at 1.8%, above expectations (0.7%) in January

EUR/GBP trades around 0.8680 on Friday at the time of writing, losing 0.10% on the day as investors assess contrasting economic outlooks in the Eurozone and the United Kingdom (UK).

Eurozone Employment Change (YoY) meets expectations (0.7%) in 4Q

Eurozone Employment Change (QoQ) meets forecasts (0.2%) in 4Q

Commerzbank’s Volkmar Baur examines whether the Euro is truly weak or strong, noting that EUR/USD undervaluation on purchasing power parity contrasts with a still-elevated trade-weighted Euro.

The AUD/USD pair trades 0.55% higher to near 0.7050 during the European trading session on Friday.

ING’s Chris Turner highlights that higher energy prices are negative for EUR/USD, but recent European Central Bank repricing has narrowed EUR/USD swap differentials to some of the tightest levels since 2024.

USD/JPY extends its gains for the second successive session, trading around 157.60 during the European hours on Friday. On the daily chart, technical analysis indicates a persistent bullish bias as the pair remains within the ascending channel pattern.

The EUR/USD pair trades in a tight range around 1.1600 during the European trading session on Friday. The major currency pair consolidates as investors await the United States (US) Nonfarm Payrolls (NFP) data for February, which will be published at 13:30 GMT.

The AUD/JPY cross attracts some buyers to around 110.90 during the early European session on Friday. The Japanese Yen (JPY) softens against the Australian Dollar (AUD) amid uncertainty surrounding the Bank of Japan's (BoJ) interest rate path.

The USD/CAD pair trades in a tight range around 1.3660 during the European trading session on Friday. The Loonie pair consolidates as the US Dollar wobbles ahead of the United States (US) Nonfarm Payrolls (NFP) data for February, which will be published at 13:30 GMT.

USD/CHF inches lower after registering 0.25% gains in the previous session, trading around 0.7810 during the Asian hours on Friday.

The Japanese Yen (JPY) trades lower against its major currency peers, with the USD/JPY pair rising to near 157.75, in the late Asian trade on Friday.

The Indian Rupee (INR) trades higher against the US Dollar (USD) in the opening trade on Friday.

The EUR/JPY cross trades in positive territory around 182.95 during the early European session on Friday. Uncertainty surrounding the Bank of Japan (BoJ) interest rate path could weigh on the Japanese Yen (JPY) against the Euro (EUR). 

The Pound Sterling trades marginally higher to near 1.3365 against the US Dollar (USD) during the Asian trading session on Friday. The GBP/USD pair edges up as the US Dollar ticks down ahead of the United States (US) Nonfarm Payrolls (NFP) data for February, which will be published at 13:30 GMT.

The AUD/USD pair trades 0.4% higher to near 0.7040 during the Asian trading session on Friday. The Aussie pair demonstrates strength as the Australian Dollar (AUD) outperforms across the board on expectations that the Reserve Bank of Australia (RBA) could deliver another interest rate hike soon.

The NZD/USD pair gathers strength to near 0.5910 during the Asian trading hours on Friday. The potential upside might be limited amid the ongoing conflict in the Middle East. The US employment report for February will be the highlight later on Friday. 

EUR/USD gains ground after registering modest losses in the previous session, trading around 1.1620 during the Asian hours on Friday. The technical analysis of the daily chart suggests an ongoing bearish bias as the pair remains within the descending channel pattern.