The NZD/USD pair turns lower for the third straight day following a modest Asian session uptick to the 0.5775 region and touches a fresh low since April 8 in the last hour.

The AUD/USD pair loses momentum to near 0.7010 during the Asian trading hours on Friday. The Australian Dollar (AUD) softens against the US Dollar (USD) after reports that US Vice President JD Vance canceled his trip to talks with Iran in Switzerland, raising concerns about the US-Iran peace deal. 

USD/CAD rises for the third consecutive day, trading around 1.4140 during the Asian hours on Friday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) struggles amid lower oil prices.

The USD/JPY pair is seen extending the previous day's late pullback from the 161.80 region, or a fresh high since July 2024, and drifting lower during the Asian session on Friday.

The EUR/USD pair recovers some lost ground near 1.1460, snapping the two-day losing streak during the early Asian session on Friday.

The Bank of England (BoE) delivered the hawkish hold the market expected on Thursday, and a second member of its Monetary Policy Committee (MPC) joined the push to raise the Bank Rate. Sterling fell anyway, sliding through the 1.3300 handle to its lowest level since early April, close to 1.3200.

The GBP/JPY retreats during the North American session on Thursday, down 0.21% as the Pound Sterling depreciates, despite the Bank of England (BoE) holding rates unchanged. At the time of writing, the cross-pair trades at 213.11 after peaking near 214.06.

The USD/CHF rallies to a new yearly high of 0.8059, surpassing March’s 31 previous peak of 2026 at 0.8042 as the Greenback stages a recovery due to hawkish Fed policy expectations, which drove the pair to reach the ‘inverted head-and-shoulders,’ price target.

The GBP/USD pair trades near a two-month close to the 1.3210 level on Thursday as the Pound Sterling (GBP) struggles to gain traction after the Bank of England (BoE) left interest rates unchanged at 3.75%, while the US Dollar (USD) remains supported by the Federal Reserve’s (Fed) cautious policy mes

The Japanese Yen weakens to a nearly 2-year low against the US Dollar as the USD/JPY reaches 161.46, the highest level seen since July 2024's yearly high of 161.99, spurred by a hawkish Fed and the jump of US Treasury yields. At the time of writing, the pair posted solid gains of 0.48%.

Silver price retreats on Thursday by nearly 2%, as the Greenback refreshes year-to-date (YTD) highs, spurred by the Federal Reserve's hawkish tilt, with nearly half of the board members supporting rate hikes in 2026. The XAG/USD trades at $66.07, after diving from daily highs of $69.85.

EUR/USD trades around 1.1475 on Thursday at the time of writing, down 0.22% on the day and hovering near its lowest level in two months.

The AUD/USD pair trades in a muted range near 0.7030 on Thursday, as the Australian Dollar (AUD) struggles to extend gains while the US Dollar (USD) remains supported by the latest United States (US) labor market data.

The Pound Sterling drops on Thursday during the North American session as traders continued to digest the Fed’s hawkish tilt, even though the Bank of England (BoE) held rates unchanged in a 7-2 vote. The GBP/USD trades at 1.3234, down 0.39%.

USD/JPY trades around 160.85 on Thursday at the time of writing, up 0.12% on the day after reaching 160.95, its highest level since July 2024.

National Bank of Canada (NBC) discusses USD/CAD, noting recent moves and the bank’s expectations for the pair. The report highlights key support and resistance levels and outlines scenarios under which USD/CAD could break out of its current range.

USD/CAD trades around 1.4130 on Thursday, up 0.21% on the day, as the US Dollar (USD) maintains a positive tone following the Federal Reserve’s (Fed) monetary policy decision. The pair continues to hold above the 1.4100 level, supported by a reassessment of US interest rate expectations.

The Euro (EUR) accelerated its recovery against a weaker British Pound (GBP) on Thursday, following the Bank of England’s (BoE) decision to leave interest rates unchanged.

The British Pound (GBP) remains on the defensive against the US Dollar (USD) on Thursday, with the GBP/USD pair hitting fresh two-month lows near 1.3200, following the Bank of England’s (BoE) decision to leave interest rates unchanged.

Rabobank’s FX Strategy report argues the Euro played a significant role in last year’s strong EUR/USD rally, supported by Germany’s debt brake loosening and improved European growth expectations.

In the same note, Societe Generale’s Kit Juckes describes EUR/USD as a near‑mirror of the Dollar Index, reflecting the Dollar’s past weakness under President Trump and its current recoupling with relative interest rates.

NZD/USD trades around 0.5765 at the time of writing on Thursday, down a modest 0.07% on the day. The pair struggles to extend its rebound despite solid economic data from New Zealand, while the US Dollar (USD) continues to draw support from the Federal Reserve’s (Fed) more hawkish stance.

ING’s Chris Turner argues EUR/USD’s test of 1.1500 after the hawkish FOMC is unlikely to extend much lower, with 1.14/1.15 seen as the summer range floor given ING’s view that the Fed will not hike.

AUD/USD pares its daily gains, remaining in the positive territory and trading around 0.7010 during the European hours on Thursday. The pair appreciated as the Australian Dollar (AUD) received support from prevailing hawkish sentiment surrounding the Reserve Bank of Australia’s (RBA) policy outlook.

Eurozone Construction Output s.a (MoM) fell from previous 0.8% to 0.6% in April

Eurozone Construction Output w.d.a (YoY) up to 0.9% in April from previous -1.2%

The Euro (EUR) is trading practically flat against the US Dollar (USD) on Thursday, changing hands at 1.1504 at the time of writing, after failing to find acceptance above 1.1525.

The USD/JPY pair extends its sideways consolidative price move through the early European session on Thursday and trades just above mid-160.00s, near the highest level since July 2024, touched the previous day.

The Swiss Franc gives away previous gains against the US Dollar (USD) with the USD/CHF pair turning positive on daily charts as the Swiss National Bank (SNB) confirmed its decision to leave rates unchanged.

The GBP/JPY cross builds on its steady intraday recovery from a one-and-a-half-week low, touched earlier this Thursday, and reclaims the 214.00 mark following the release of the UK monthly employment details.