The Euro (EUR) holds minor gains against a somewhat softer US Dollar (USD) on Friday. The pair edged up to the mid-range of the 1.1400s, but it has failed to find acceptance above the top of the last two weeks' trading range, in the area of 1.1475, and is set to close the week practically unchanged.

The USD/JPY pair tumbles to around 161.50 during the early European trading hours on Friday. The Japanese Yen (JPY) edges higher against the US Dollar (USD) after the reports that Japan plans to encourage pension funds to increase their holdings of domestic financial assets.

UOB’s Quek Ser Leang highlights a modest uptick in EUR/USD momentum, with scope to retest 1.1450 but limited prospects for a sustained break higher. Intraday support is seen at 1.1420 and 1.1405.

Germany Harmonized Index of Consumer Prices (YoY) meets forecasts (2.4%) in June

Germany Harmonized Index of Consumer Prices (MoM) meets forecasts (-0.2%) in June

Germany Consumer Price Index (MoM) meets forecasts (-0.3%) in June

Germany Consumer Price Index (YoY) meets forecasts (2.3%) in June

Markets are anticipating a fairly stable report when Statistics Canada releases its Labour Force Survey on Friday. While the Net Change in Employment is predicted to rise by 10K in June, adding to the 87.8K gain in May, the Unemployment Rate is forecast to stay at 6.6%.

The Swiss Franc (CHF) pares some of its early gains against the US Dollar (USD) during the early European trading session on Friday. The USD/CHF pair is 0.26% lower at around 0.8048 even after a slight recovery move.

The AUD/USD pair attracts buyers for the second straight day and climbs to a two-and-a-half-week top, around the 0.6970 area, during the Asian session on Friday. Spot prices, however, retreat a few pips in the last hour and currently trade around mid-0.6900s, still up 0.10% for the day.

The GBP/USD pair trades in positive territory around 1.3430 during the early European trading hours on Friday. The UK government leadership transition and growing expectations of further Bank of England (BoE) interest rate hikes underpin the British Pound (GBP) against the US Dollar (USD).

The EUR/USD pair attracts some buyers for the third consecutive day and touches a fresh weekly high, around the 1.1460 area, during the Asian session on Friday.

The USD/CAD pair loses momentum to near 1.4145 during the early European session on Friday. The US Dollar (USD) weakens against the Canadian Dollar (CAD) on receding expectations of a rate increase from the US Federal Reserve (Fed).

The NZD/USD pair gains strong follow-through positive traction for the third straight day and rallies to an over three-week top during the Asian session on Friday.

The USD/JPY pair meets with a heavy supply during the Asian session on Friday and weakens below the 162.00 mark as traders remain on high alert amid expectations of a potential government intervention to prop up the Japanese Yen (JPY).

The GBP/USD pair gathers strength to around 1.3430 during the Asian trading hours on Friday. The British Pound (GBP) edges higher against the US Dollar (USD) on the UK government leadership transition and growing expectations of further Bank of England (BoE) interest rate hikes.

On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7989 compared to the previous day's fix of 6.8036 and 6.7931 Reuters estimate.

The EUR/USD pair posts modest gains around 1.1430 during the early Asian session on Friday, bolstered by a softer US Dollar (USD).

The British Pound advances some 0.50% against the Japanese Yen on Thursday, as risk appetite improves after US President Donald Trump said that Iran had reached out and that it wants to make a deal badly. At the time of writing, GBP/JPY trades at 217.76, near year-to-date (YTD) highs.

Dollar-Yen eases about a tenth of a percent on Thursday, changing hands just below 162.50 after fading from the four-decade highs printed earlier in the week.

Cable adds roughly a tenth of a percent on Thursday, changing hands a whisker above 1.3400 and poking through the 200-day Exponential Moving Average (EMA) for the first time since mid-June.

AUD/USD trades higher near the 0.6940 area on Thursday, as the Australian Dollar (AUD) benefits from a softer US Dollar (USD), even after stronger-than-expected United States (US) jobless claims data showed that the labor market remains stable.

TD Securities’ Macro Research team, led by Howard Du with contributions from Jayati Bharadwaj and Linda Cheng, analyzes the recent Korean Won rally and its impact on USD/KRW.

The Mexican Peso registers solid gains of over 0.22% against the US Dollar as risk appetite improved following two days of hostilities between the US and Iran, which have since ended, amid threats that the deal, according to US President Trump, might be “over.” The USD/MXN trades at 17.54 after reac

Scotiabank strategists Shaun Osborne and Eric Theoret observe the Japanese Yen trading broadly in line with G10 peers, with near-term focus on the June PPI release and the July 31 Bank of Japan meeting.

Jan von Gerich highlights that Eurozone inflation risks remain skewed to the upside due to a persistent energy shock linked to Middle East tensions.

Scotiabank strategists Shaun Osborne and Eric Theoret report the British Pound (GBP) is fractionally higher versus the US Dollar (USD), with sentiment improving after PM Starmer’s resignation announcement.

USD/CHF extends its decline for a second consecutive day, trading around 0.8065 at the time of writing, losing 0.15% on Thursday, pressured by a weaker US Dollar (USD) following the release of the latest Federal Reserve (Fed) Meeting Minutes.

Scotiabank strategists Shaun Osborne and Eric Theoret notes the Euro (EUR) is slightly higher versus the US Dollar (USD), supported by a repricing of the European Central Bank (ECB) outlook toward renewed hawkishness and recovering yield spreads.

NZD/USD jumps 1% on Thursday, extending gains for a second consecutive day after the Reserve Bank of New Zealand (RBNZ) delivered a hawkish rate hike on Wednesday, while a softer US Dollar (USD) provides additional support.