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.

USD/CAD struggles after registering modest gains in the previous session, trading around 1.3660 during the Asian hours on Friday.

GBP/USD edged lower by 0.2% on Thursday, settling close to 1.3350 in a strained trading session that kept the pair pinned near three-month lows.

NZD/USD fell over 0.7% on Thursday, settling close to 0.5900 and touching its lowest level since late January. The pair has now given back the bulk of its February gains, with a series of lower highs since peaking near 0.6090 in early February pointing to fading bullish momentum.

AUD/USD fell about 1% on Thursday, wrapping the day up near the 0.7010 level after testing below the key 0.7000 handle intraday. The pair has now pulled back sharply from Tuesday's bounce, with two consecutive bearish sessions erasing most of the week's early gains.

The EUR/USD edged lower on Thursday, down some 0.21% as market sentiment remains risk averse due to the ongoing conflict in the Middle East. This and solid US economic data pushed the pair lower towards the 1.1600 figure ahead of Friday’s session

USD/JPY advanced on Thursday during the North American session, up by nearly 0.30% as the Greenback is boosted by risk appetite deterioration, solid US jobs data and hawkish comments by the Richmond Fed President Thomas Barkin.

The Mexican Peso depreciates sharply as hostilities intensify in the Middle East, triggering a flight to safety, which underpinned the US Dollar. Additionally, solid jobs data in the US decreased the chances that the Federal Reserve might cut rates twice this year.

USD/CHF rose about 0.44% on Thursday, pushing back above 0.7830 in a session that extended the recovery from last week's lows near the 0.7700 area.

The New Zealand Dollar plummets during the North American session as high US Treasury yields underpin the Greenback, which is registering a new two-day high as the Middle East conflict escalates.

AUD/USD trades around 0.7010 on Thursday at the time of writing, down 0.95% on the day, as the US Dollar continues to draw support from relatively strong US macroeconomic data and cautious market sentiment.

The Pound Sterling resumed its downtrend during the week, courtesy of heightened tensions in the Middle East and solid US employment data ahead of Friday's Nonfarm Payrolls report. At the time of writing, the GBP/USD trades at 1.3337, down 0.25%.

Rabobank’s Senior FX Strategist Jane Foley highlights that the Pound has recently outperformed the Euro, helped by fading expectations of Bank of England rate cuts, even though neither currency is seen as a safe haven.

MUFG’s Senior Currency Analyst Lee Hardman highlights that the Japanese Yen has held up relatively well despite the energy price shock, supported by expectations that the BoJ remains on track to raise rates, potentially as soon as April.

Commerzbank’s Charlie Lay highlights that the Indian Rupee has weakened as global Oil prices surge, pushing USD/INR above 92.00 for the first time.

NZD/USD trades lower around 0.5920 on Thursday at the time of writing, down 0.32% on the day, as the pair remains under pressure from a broadly firmer US Dollar (USd) and shifting expectations around New Zealand’s monetary policy outlook.

Rabobank’s Head of Macro Strategy Elwin de Groot highlights the European Commission’s Industrial Accelerator Act as a major step to rebuild the Eurozone industrial base, accelerate decarbonisation and reduce external dependencies.

EUR/JPY edges lower around 182.60 on Thursday at the time of writing, down 0.14% on the day, as the pair remains under pressure while the Japanese Yen (JPY) benefits from renewed safe-haven demand amid geopolitical crisis.

The EUR/USD pair claws back a majority of its early losses and rises to near 1.1625 during the European trading session on Thursday, but is still marginally down.

Eurozone Retail Sales, a key measure of consumer spending, surprisingly falls by 0.1% month-on-month (MoM) in January, while it was expected to grow 0.3%. In December, the consumer spending measure rose by 0.2%, revised positive from -0.5%.