The AUD/USD advances for the second straight day, up by 0.36% as the Greenback edges lower as US economic growth takes a toll while inflation accelerates towards the 3% threshold. At the time of writing, the pair trades at 0.7086, poised to end the week with gains of over 0.19%.

MUFG’s Lin Li, Michael Wan, Lloyd Chan and Khang Sek Lee note that India’s fourth‑quarter GDP is expected to slow on weaker exports, though domestic demand remains resilient.

NZD/USD trades around 0.5970 on Friday at the time of writing, virtually unchanged on the day, after briefly fluctuating in the wake of the monetary policy decision in New Zealand.

The GBP/USD edges higher over 0.23% after the US Supreme Court ruled against President Donald Trump’s tariffs enacted under a a law meant for use in national emergencies. This and a softer than expected Gross Domestic Product report in the US weighed on the Dollar.

The Canadian Dollar (CAD) holds firm against the US Dollar (USD) on Friday as the Greenback trims earlier intraday gains after the US Supreme Court struck down President Donald Trump’s sweeping global tariffs.

USD/JPY is trading around 154.90 on Friday at the time of writing, down 0.13% on the day.

The Euro (EUR) trades little changed against the US Dollar (USD) on Friday as investors digest the latest batch of US economic data. At the time of writing, EUR/USD hovers near 1.1763, recovering modestly from an intraday low of 1.1743, but remains on track for a weekly loss.

AUD/USD trades around 0.7050 on Friday at the time of writing, down 0.13% on the day, following the release of significantly weaker-than-expected US Gross Domestic Product (GDP) data.

Nordea’s Torbjörn Isaksson notes that Swedish January CPIF and CPIF ex energy were confirmed at 2.0% and 1.7% respectively, with services inflation the main downside surprise. He describes the details as dovish and expects to lower the inflation path.

GBP/JPY advances on Friday, as stronger-than-expected UK economic data boosts the British Pound (GBP), while softer inflation figures from Japan weigh on the Japanese Yen (JPY). At the time of writing, the cross is hovering around 209.23, remaining confined within a little over one-week range.

OCBC’s Christopher Wong highlights that strong January labour data keep Reserve Bank of Australia hike risks alive, lending support to the Australian Dollar despite geopolitical headwinds.

MUFG’s Head of Research Derek Halpenny notes the US Dollar has extended gains as markets focus on potential US military action against Iran.

EUR/GBP trades lower on Friday as solid UK Retail Sales and stronger preliminary Purchasing Managers Index (PMI) data lift the British Pound (GBP). Although the stronger-than-expected Eurozone HCOB flash PMI failed to provide meaningful support to the Euro (EUR) and kept the cross under pressure.

The Pound Sterling (GBP) edges higher to near 1.3470 against the US Dollar (USD) during the European trading session on Friday after recovering earlier losses.

DBS's Chang Wei Liang note USD/JPY has moved above 155 on broad Dollar strength, even as geopolitical risks could support the Japanese Yen as a safe haven. Japan’s FY26 budget debate and Prime Minister Takaichi’s proposal to suspend the consumption tax on food are seen as key for JPY direction.

MUFG’s Head of Research Derek Halpenny notes that EUR/USD has fully reversed its late-January rally, dropping about 2.5% back toward its opening 2026 level.

EUR/JPY trades around 182.75 on Friday at the time of writing, up 0.13% on the day, supported by stronger-than-expected activity data from the Eurozone and a slightly softer Japanese Yen (JPY) following cooling inflation figures.

On Friday, the European Central Bank (ECB) released its indicator of the Euro area’s Negotiated Wage Rates data for the fourth quarter (Q4) of 2025.

Societe Generale economists Reo Sakida and Jin Kenzaki review latest Japan inflation data, noting Headline at 1.5%, Core at 2.0% and Core-core at 2.6%.

Eurozone HCOB Manufacturing PMI above forecasts (50) in February: Actual (50.8)

Eurozone HCOB Composite PMI came in at 51.9, above forecasts (51.5) in February

Eurozone HCOB Services PMI below expectations (52) in February: Actual (51.8)

The USD/CHF pair is up 0.15% to near 0.7765 during the European trading session on Friday, the highest level seen in over a week.

Germany HCOB Composite PMI came in at 53.1, above expectations (52.2) in February

Germany HCOB Manufacturing PMI above forecasts (49.6) in February: Actual (50.7)

Germany HCOB Services PMI above forecasts (52.2) in February: Actual (53.4)

DBS's Chang Wei Liang note USD/JPY has moved above 155 on broad Dollar strength, even as geopolitical risks could support the Japanese Yen as a safe haven. Japan’s FY26 budget debate and Prime Minister Takaichi’s proposal to suspend the consumption tax on food are seen as key for JPY direction.

France HCOB Composite PMI above forecasts (49.6) in February: Actual (49.9)

France HCOB Manufacturing PMI below forecasts (51.4) in February: Actual (49.9)

France HCOB Services PMI came in at 49.6, above expectations (49) in February