Commerzbank analysts Michael Pfister and Norman Liebke highlight that Brazil’s inflation edged higher in February, and they expect today’s March data to show another fairly sharp rise in prices.

The USD/CAD pair rebounds to near 1.3833 from the two-week low of 1.3805 on Friday after snapping a four-day losing streak.

AUD/JPY edges lower after four days of losses, trading around 112.50 during the European hours on Friday. The currency cross remains subdued as the Australian Dollar (AUD) holds losses following the release of Chinese Consumer Price Index (CPI) data for March.

The GBP/JPY cross trades with a positive bias for the fifth consecutive day and hits a fresh one-month high, around the 133.85 area, during the early European session on Friday.

The (EUR) has snapped a four-day rally against the US Dollar on Friday. The pair pulled back from monthly highs at 1.1720 on Thursday to 1.1685 at the time of writing, as investors' confidence in a peace deal between the US and Iran shakes.

ING’s Francesco Pesole points to Canada’s March labour report as key for Bank of Canada (BoC) expectations, stressing that the unemployment rate matters more than volatile monthly payrolls.

Here is what you need to know on Friday, April 10:

The NZD/USD pair corrects after a four-day winning streak, trading 0.25% lower to near 0.5845 during the early European trading session on Friday.

The Euro (EUR) holds moderate gains against the British Pound (GBP) on Friday.

Silver price (XAG/USD) extends its winning streak, trading around $76.00 per troy ounce during the Asian hours on Friday.

Germany Harmonized Index of Consumer Prices (YoY) in line with expectations (2.8%) in March

Germany Consumer Price Index (MoM) in line with forecasts (1.1%) in March

Germany Harmonized Index of Consumer Prices (MoM) meets expectations (1.2%) in March

Germany Consumer Price Index (YoY) in line with expectations (2.7%) in March

The Indian Rupee (INR) ticks up against the US Dollar (USD) at around 92.45 on Friday.

The AUD/USD pair is down 0.23% to near 0.7065 in the late Asian trading session, struggling to extend its winning streak for the fifth trading day on Friday.

The GBP/USD pair drifts lower during the Asian session on Friday, though it lacks follow-through selling and remains close to its highest level since late February, set earlier this week.

The EUR/USD pair struggles to capitalize on its weekly gains registered over the past four days and trades with a mild negative bias below the 1.1700 mark during the Asian session on Friday.

The USD/CHF pair loses ground to near 0.7905 during the early European session on Friday. A fragile two-week ceasefire between the United States (US) and Iran provides some support to a safe-haven currency such as the Swiss Franc (CHF) against the US Dollar (USD). 

EUR/JPY extends its gains for the second successive day, trading around 186.10 during the Asian hours on Friday. The technical analysis of the daily chart indicates the currency cross is trending higher within an ascending channel, signaling a persistent bullish bias.

The US Bureau of Labor Statistics (BLS) will publish the March Consumer Price Index (CPI) data on Friday. The report is expected to show a jump in inflation, driven by the upsurge seen in crude Oil prices after the United States (US) and Israel launched a joint attack on Iran. 

USD/CAD gains ground after four days of losses, trading around 1.3820 during the Asian hours on Friday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) struggles amid lower oil prices, given Canada’s status as the largest crude exporter to the United States (US).

The USD/KRW pair holds onto its early gains around 1,478.00 during the Asian trading session on Friday.

The USD/JPY pair gathers strength to around 159.15 during the Asian trading hours on Friday. Ongoing concerns regarding the Strait of Hormuz and the Middle East continue to lift the US Dollar (USD) against the Japanese Yen (JPY).

GBP/USD edges lower after four days of gains, trading around 1.3430 during the Asian hours on Friday. The pair depreciates as the US Dollar (USD) holds ground on renewed risk aversion, which could be attributed to the uncertainty over the United States (US)-Iran ceasefire.

The AUD/JPY cross enters a bullish consolidation phase during the Asian session on Friday and reacts little to mixed Chinese inflation figures. Spot prices currently trade just above mid-112.00s, or the highest level since March 18, and remain on track to register strong weekly gains.

The NZD/USD pair edges lower to near 0.5855 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) remains weak against the US Dollar (USD) after mixed Chinese economic data. The attention will shift to the US inflation report later on Friday. 

AUD/USD halts its four-day winning streak, trading around 0.7070 during the Asian hours on Friday. However, the pair is up over 2.5% on the week at the time of writing.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Friday at 6.8654 compared to the previous day's fix of 6.8649 and 6.8313 Reuters estimate.

South Korea BoK Interest Rate Decision in line with forecasts (2.5%)