United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note AUD/USD is likely to trade between 0.7120 and 0.7175 in the near term after a sharp rebound left momentum unclear.

European Central Bank (ECB) Governing Council member and Governor of the Central Bank of Malta, Alexander Demarco, said during the European trading session on Friday that the central bank will probably need to hike interest rates in the June policy meeting.

The Euro (EUR) nudges lower against the US Dollar (USD) for the second consecutive day on Friday, on track to close the week in the red for the second consecutive time.

Brown Brothers Harriman’s (BBH) Elias Haddad highlights USD/CAD trading higher toward key resistance at its 200-day moving average near 1.3812, with Canadian data seen as unlikely to shift markets.

On Friday, the European Central Bank (ECB) released its indicator of the Euro area’s Negotiated Wage Rates data for the first quarter (Q1) of 2026.

Societe Generale analysts note USD/JPY has rebounded after testing a multi‑month channel floor near 155.50/155, now aligned with the 200‑DMA. The pair is edging toward the April peak at 160.50/160.70, seen as interim resistance.

The GBP/JPY cross attracts some dip-buyers on Friday and sticks to modest intraday gains through the first half of the European session.

OCBC highlights that USD/INR has pulled back from record highs as reports suggest the RBI is exploring tools to steady the Rupee, including possible rate hikes and FX operations.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann see EUR/USD consolidating intraday between 1.1595 and 1.1640 after a brief dip to 1.1575 failed to build downside momentum. On a 1–3 week view, a break above 1.1655 would signal that the decline from mid‑May has likely ended.

Germany IFO – Expectations above expectations (83.5) in May: Actual (83.8)

Germany IFO – Current Assessment came in at 86.1, above expectations (85.1) in May

Germany IFO – Business Climate came in at 84.9, above expectations (84.2) in May

The USD/JPY pair trades slightly higher to near 159.10 during the European trading session on Friday. The pair has been broadly sideways over the last three trading days, with investors awaiting the announcement of a deal between the United States (US) and Iran.

The Swiss Franc (CHF) consolidates right below 0.7870 against the US Dollar (USD) on Friday. The pair retreated from the 0.7900 area over the previous two days, but remains steady within the weekly range, with investors wary of taking risks, amid confusing messages from the Middle East.

USD/CAD remains stronger for the fourth consecutive day, hovering around 1.3790 during the early European hours on Friday. The pair holds ground as the US Dollar (USD) receives support from rising odds of hawkish sentiment surrounding the Federal Reserve (Fed) policy stance.

The NZD/USD pair loses ground to near 0.5870 during the early European trading hours on Friday.

MUFG’s Michael Wan expects the Indian Rupee (INR) to remain weak, projecting USD/INR could move towards 98.00 and even 100.00 if the Iran conflict persists.

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann expect GBP/USD to continue trading sideways between 1.3400 and 1.3460 after a strong rise failed to extend.

Commerzbank’s Volkmar Baur notes that EUR/USD has fallen to around 1.16 as markets now price a higher probability of a Fed rate hike by year-end while expecting the European Central Bank (ECB) to react less to inflation.

The GBP/USD pair declines to near 1.3420 during the early European trading hours on Friday. The British Pound (GBP) remains weak against the US Dollar (USD) following the worse-than-expected UK economic data.

The Indian Rupee (INR) clings to Thursday’s gains against the US Dollar (USD) in the opening session on Friday.

AUD/USD extends its losses after a slight decline in the previous day, trading around 0.7140 during the Asian hours on Friday.

The EUR/USD pair trades with mild losses around 1.1615 during the early European trading hours on Friday. The Euro (EUR) remains weak against the US Dollar (USD) amid mixed headlines surrounding the US-Iran peace deal.

EUR/GBP extends its winning streak for the fifth consecutive day, trading around 0.8650 during the Asian hours on Friday.

The AUD/JPY cross trades in negative territory around 113.50 during the early European session on Friday.

Silver price (XAG/USD) declines after two days of gains, trading around $76.10 per troy ounce during the Asian hours on Friday. The non-yielding white metal struggles amid rising odds of hawkish sentiment surrounding the Federal Reserve (Fed) policy stance.

The Swiss Franc trades flat against the US Dollar (USD) around 0.7870 during the Asian trading session on Friday.

EUR/JPY remains flat for the second consecutive day, trading around 184.70 during the Asian hours on Friday.

The AUD/USD pair loses ground to near 0.7140 during the Asian trading hours on Friday. The Australian Dollar (AUD) weakens against the US Dollar (USD) as a rise in Australia’s jobless rate will give the Australian central bank more reason to delay another interest rate hike at the June meeting.

The GBP/USD pair is seen oscillating in a narrow trading band during the Asian session on Friday, though it remains on track to register modest weekly gains.