The US Dollar (USD) remains practically flat against the Swiss Franc (CHF) on Friday, wavering within a few pips above 0.7800, on track for a 0.35% weekly loss after dropping from highs above 0.7900 the previous day.
The Australian Dollar (AUD) trades lower against its major currency peers during the European trading session on Friday. The Australian currency is slightly under pressure as investors turn cautious ahead of the Reserve Bank of Australia’s (RBA) monetary policy announcement on Tuesday.
The GBP/JPY pair gives up its early gains and turns negative to near 212.00 during the European trading session on Friday.
The US Dollar (USD) plunged nearly 200 pips against the Japanese Yen (JPY) in the early European session on Friday, likely due to another intervention by Japanese authorities.
EUR/JPY loses ground for the second successive day, trading around 183.00 during early European hours on Friday.
The Euro (EUR) is trading moderately lower against the US Dollar (USD) on Friday, retreating to 1.1719 at the time of writing, down from highs above 1.1740 on Thursday. The pair, however, maintains most of the previous day’s gains, with market volumes thinned on the May 1 labor holiday.
The NZD/USD pair loses traction to around 0.5890 during the early European session on Thursday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) as escalating tensions in the Middle East and a continued blockade of the Strait of Hormuz boost a safe-haven asset.
The GBP/USD pair trades firmly near an over two-month high of around 1.3610 during the European trading session on Friday. The Cable outperforms as the Pound Sterling (GBP) reflects strength, following the Bank of England’s (BoE) monetary policy announcement on Thursday.
The USD/CAD pair trades with caution near Thursday’s low at around 1.3580 during the late Asian trading session on Friday. The Loonie pair trades weakly as the US Dollar (USD) is broadly under pressure, following Japanese intervention in the forex markets.
The EUR/GBP cross holds steady around 0.8625 during the early European session on Friday.
The USD/JPY pair builds on the previous day's late rebound from the vicinity of mid-155.00s, or over a two-month trough, and gains some positive traction during the Asian session on Friday.
The AUD/USD pair holds onto Thursday’s gains near 0.7200 during the Asian trading session on Friday.
USD/CHF inches higher after posting 1.25% losses in the previous day, trading around 0.7820 during the Asian hours on Friday. The pair gains ground as the safe-haven demand supports the US Dollar (USD) against its major peers.
The AUD/JPY cross holds positive ground near 113.10 during the early European session on Friday. The cross remains firm after pulling back from a multi-decade high of 114.72. However, the potential upside for AUD/JPY might be limited amid intervention fears.
The GBP/JPY pair is up 0.35% at around 214.00 during the Asian trading session on Friday.
The EUR/USD pair clings to Thursday’s gains near 1.1735 during the Asian trading session on Friday. The major currency pair reflects strength as the US Dollar (USD) holds onto the previous day’s losses, which were driven by suspected Japan’s intervention in forex markets.
GBP/USD steadies after registering nearly 1% gains in the previous day, trading around 1.3610 during the Asian hours on Friday. The pair moves little as the US Dollar (USD) gains ground on safe-haven demand amid the ongoing Middle East conflict.
The USD/CAD pair enters a bearish consolidation phase after touching a fresh low since March 11 during the Asian session on Friday, and currently trades around the 1.3575 region. Nevertheless, spot prices remain on track to register losses for the fourth straight week.
The AUD/USD pair drifts lower to near 0.7200 during the early Asian trading hours on Friday. Ongoing tensions in the Middle East continue to boost a safe-haven currency such as the US Dollar (USD) against the Aussie.
The USD/JPY pair is seen building on the previous day's late rebound from the vicinity of mid-155.00s, or over a two-month low, and gaining some positive traction during the Asian session on Friday.
NZD/USD pulls back after registering over 1.25% gains in the previous day, trading around 0.5900 during the Asian hours on Friday. The pair depreciates as the New Zealand Dollar (NZD) remains subdued following the release of weaker mid-tier economic data from the country.
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Friday at 6.8628 compared to the previous day's fix of 6.8608.
The EUR/USD pair attracts some buyers to around 1.1730 during the early Asian session on Friday. The Euro (EUR) strengthens against the US Dollar (USD) after the European Central Bank (ECB) kept interest rates on hold at its April meeting.
GBP/USD rallied 0.96% on Thursday, settling near 1.3600 after a choppy session that saw cable test the 1.3455 area in the European morning before catching a sharp bid through the New York afternoon.
USD/JPY plunged 2.25% on Thursday after a violent intraday reversal that wiped roughly 500 pips off the pair in just a few hours.
The Australian Dollar reclaimed the 0.7200 level on Thursday, surging more than 1% as the Greenback dropped to seven-day lows amid Japanese authorities’ intervention in the FX markets, pushing aside solid US economic data. The AUD/USD trades past 0.7200 after hitting a daily low of 0.7110.
The Euro (EUR) edges higher against the US Dollar (USD) on Tuesday as the Greenback softens broadly following possible intervention from Tokyo, with authorities seen selling Dollars to support the Japanese Yen (JPY), while the Euro also draws some support from the latest monetary policy decision by
The GBP/USD advanced by some 0.78% on Thursday as market participants continued to price in further tightening by the Bank of England, even though it kept rates steady earlier. At the time of writing, trades at 1.3581, as a technical ‘bullish engulfing’ chart pattern, looms.
USD/CAD trades on the back foot on Thursday as renewed weakness in the US Dollar (USD) supports the Canadian Dollar (CAD), while the latest US economic data fails to provide support to the Greenback. At the time of writing, the pair is trading around 1.3612, down nearly 0.53% on the day.
The EUR/GBP falls some 0.16% during the day as the central bank bonanza ends with the ECB and the BoE keeping interest rates unchanged as expected. The cross-pair trades at around 0.8644 after reaching a daily high of 0.8667.