The Euro finalized the week posting losses of over 1.74% against the Greenback and 0.84% in the day. The EUR/USD posted four bearish days after falling below the 200-day Simple Moving Average (SMA) at 1.1672, turning the pair bearishly biased. At the time of writing, the pair trades at 1.1414.

ING’s Chris Turner explains that previously popular long South African Rand positions are being unwound as low inflation comes under pressure, volatility rises and precious metals lose momentum.

Silver price extends its losses for the third straight day, down over 2.90%, as Oil prices recover even though US President Donald Trump lifted sanctions on Russian Oil for 30 days, and the US Dollar trades near three-and-a-half-month highs.

The GBP/USD pair is trading near the 1.3240 price region, falling for a fourth consecutive day, reaching lows it hasn’t touched since December 3, 2025. The downfall of the Great British Pound (GBP) is attributed to a firm US Dollar (USD) amid risk aversion.

Russia Consumer Price Index (MoM) above expectations (0.6%) in February: Actual (0.7%)

Scotiabank strategists Shaun Osborne and Eric Theoret note that the Canadian Dollar is sliding on weaker Canadian employment data and geopolitical concerns, even as US data also softens.

USD/JPY trades around 159.50 on Friday at the time of writing, up 0.10% on the day. The pair remains close to recent highs, supported by the continued strength of the US Dollar (USD) and a still-wide interest rate differential between the United States (US) and Japan.

USD/CAD extends its advance on Friday as the Canadian Dollar (CAD) weakens across the board after Canada’s latest employment report surprised to the downside, while firm US Dollar (USD) demand amid the ongoing US-Iran war adds further pressure on the Loonie.

TD Securities analysts expect the Canadian Dollar (CAD) to show relative resilience versus non-USD peers thanks to Oil links, lower beta to risk-off and cleaner positioning.

Scotiabank strategists Shaun Osborne and Eric Theoret note the Pound is underperforming against the Dollar, hurt by risk sentiment and a surprise contraction in UK industrial production.

Standard Chartered’s Chong Hoon Park and Nicholas Chia expect the Bank of Japan to keep its policy rate at 0.75% on 19 March, with a cautious stance due to uneven Japanese growth and higher Oil prices.

Rabobank’s FX Strategy team has lowered its short-term EUR/USD projections, citing prolonged disruption in the Strait of Hormuz and higher Oil and gas prices.

The Euro (EUR) trims part of its earlier losses against the US Dollar (USD) on Friday as traders digest the latest US economic data. At the time of writing, EUR/USD is trading around 1.1472 after touching an intraday low near 1.1433, its weakest level since August 2025.

AUD/USD trades lower on Friday at around 0.7040 at the time of writing, down 0.46% on the day, after hitting a multi-year high at 0.7187 earlier in the week. The pullback comes as the US Dollar (USD) strengthens and risk sentiment deteriorates across financial markets.

ING’s Chris Turner argues USD/JPY is now firmly in intervention territory, with markets watching whether any action involves only Japanese authorities or a fully joint move with the Federal Reserve.

Germany Current Account n.s.a. climbed from previous €16.1B to €17.1B in January

The British Pound (GBP) weakens against the Japanese Yen (JPY) on Friday as Sterling comes under broad pressure following a batch of weaker-than-expected UK economic data. At the time of writing, GBP/JPY is trading around 211.50, retracing all the gains recorded earlier this week.

TD Securities analysts expect the BoE’s cautious stance to support the US Dollar against the Pound in the near term.

BNY’s Head of Markets Macro Strategy Bob Savage highlights that Japanese authorities are stepping up FX warnings as USD/JPY trades just below 160.

Brown Brothers Harriman’s (BBH) Elias Haddad reports that GBP/USD has dropped below 1.3300 and remains vulnerable after UK GDP unexpectedly stalled in January. Zero monthly growth leaves output below the Bank of England’s Q1 projection.

NZD/USD extends its decline on Friday, trading around 0.5820 at the time of writing and down 0.58% on the day. The pair records a fourth consecutive daily loss as the US Dollar (USD) strengthens amid rising geopolitical tensions and renewed inflation concerns.

MUFG’s Head of Research Derek Halpenny notes the US Dollar has broken above the 100 level on DXY and pushed USD/JPY to fresh year-to-date highs, with Oil stabilizing near USD 100.

Eurozone Industrial Production w.d.a. (YoY) below forecasts (1.4%) in January: Actual (-1.2%)

Eurozone Industrial Production s.a. (MoM) below forecasts (0.6%) in January: Actual (-1.5%)

Societe Generale’s technical team notes USD/CAD has found tentative support near 1.3480, forming a small base, but sees no clear evidence yet of a larger uptrend.

ING’s Chris Turner notes EUR/USD has slipped below 1.1500 as higher Dollar-denominated energy costs hurt most European corporates.

MUFG’s Head of Research Derek Halpenny argues the Australian Dollar has benefited from expectations of further RBA tightening and a positive terms-of-trade impulse from higher energy prices.

Standard Chartered’s Anubhuti Sahay and Saurav Anand assess India’s macro outlook as Middle East tensions raise risks for Oil and global rates.

France Consumer Price Index (EU norm) (YoY) meets expectations (1.1%) in February

France Consumer Price Index (EU norm) (MoM) registered at 0.7% above expectations (0.4%) in February