ING’s Chris Turner argues that EUR/USD remains under pressure as investors position for further Middle East escalation and tighter global financial conditions. He notes that Sovereign Wealth Fund retrenchment and hawkish European Central Bank pricing weigh on the pair.

UOB’s Quek Ser Leang highlights a weakening technical backdrop for AUD/USD after the pair broke below a rising wedge and tested the Ichimoku cloud base near 0.6870.

The Australian Dollar (AUD) outperforms its major currency peers, trading marginally higher to near 0.6900 against the US Dollar (USD) during the late European trading session on Friday.

The US Dollar (USD) is outperforming its peers on Friday, including the safe-haven Yen (JPY).

Brown Brothers Harriman’s (BBH) Elias Haddad reports that Japanese officials are escalating verbal intervention as USD/JPY approaches 160.00, a potential line in the sand.

The Euro (EUR) is trading lower against the US Dollar (USD) for the fourth consecutive day on Friday, changing hands at 1.1520 at the time of writing, down from weekly highs of 1.1640 on Monday.

TD Securities analysts note United Kingdom (UK) Retail Sales for February beat expectations, showing only slight mean reversion after strong gains and maintaining a positive three‑month trend. Weather-related weakness was broad but not fundamentally alarming.

MUFG's Derek Halpenny highlights that higher energy-related inflation, fiscal slippage risks and potential sharp Japanese Yen (JPY) depreciation above 160.00 in USD/JPY are adding to JGB selling pressure.

The New Zealand Dollar (NZD) maintains its bearish trend against the US Dollar (USD) intact.

Commerzbank, led by Chief Economist Jörg Krämer, has cut its 2026 Eurozone growth forecast and now expects fewer ECB rate hikes than futures imply, while still projecting more Fed cuts than markets.

The Euro (EUR) keeps trading sideways against the British Pound (GBP) on Friday, oscillating within a tight range around the 0.8650 level for the fourth consecutive day, on track for a 0.25% weekly decline.

The EUR/USD pair trades subduedly around 1.1520 during the European trading session on Friday.

AUD/JPY edges higher after four days of losses, trading around 110.20 during the European hours on Friday. The technical analysis of the daily chart suggests a bearish bias as the currency cross moves downwards within the descending channel pattern.

The GBP/JPY cross reverses an intraday dip to the 212.60-212.55 region on Friday and climbs to a fresh daily high during the early European session.

GBP/USD halts its three-day losing streak, trading around 1.3330 during the early European hours on Friday. The pair holds ground following the release of the United Kingdom’s (UK) Retail Sales figures.

Rabobank’s Senior FX Strategist Jane Foley notes that Bank of Japan policy expectations have changed little versus other G10 central banks, with markets already pricing a gradual tightening path.

UOB analysts report GBP/USD easing to around 1.3340, with the intraday bias still lower but momentum not strong enough for a deeper slide. They see declines likely limited to a test of 1.3305, with resistance at 1.3355/1.3375.

The Indian Rupee (INR) opens lower against the US Dollar (USD) on Friday after a holiday the previous day due to Ram Navami celebrations.

The USD/CHF pair reclaims the two-month high of 0.7960 during the Asian trading session on Thursday.

NZD/USD halts its three-day losing streak, trading around 0.5780 during the Asian hours on Friday.

The AUD/USD pair stages a modest recovery from the 0.6870 region, or over a two-month low touched during the Asian session on Friday, amid a softer US Dollar (USD).

The USD/JPY pair attracts some sellers during the Asian session on Friday, and for now, seems to have snapped a three-day winning streak back closer to its highest level since July 2024, touched earlier this month.

EUR/JPY extends its losses for the second successive session, trading around 184.10 during the Asian hours on Friday.

The GBP/USD pair snaps its three-day losing streak on Friday, trading 0.1% higher to near 1.3345 during the Asian trading session.

USD/CAD halts its four-day winning streak, trading around 1.3850 during the Asian hours on Friday. The pair weakens as the US Dollar (USD) softens on decreasing risk aversion after recent remarks from US President Donald Trump.

The EUR/USD pair edges higher during the Asian session on Friday, though it lacks bullish conviction and risks attracting fresh sellers amid a bullish US Dollar (USD).

On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.9141 compared to the previous day's fix of 6.9056 and 6.9089 Reuters estimate.

AUD/USD extends its losing streak for the fourth consecutive day, trading around 0.6880 during the Asian hours on Friday.

GBP/USD slipped about 0.1% on Thursday, settling around 1.3340 in a choppy session.

USD/JPY edged up about 0.1% on Thursday, trading around 159.70 and holding just below the session high near 159.85. The pair has rallied sharply from the early-March lows close to 152.10, gaining roughly 770 pips in under three weeks.