The Australian Dollar (AUD) holds firm against the US Dollar (USD) on Friday as traders look past this week’s Reserve Bank of Australia and Federal Reserve monetary policy announcements and reassess the near-term interest-rate outlook.

EUR/USD holds firm at around 1.1741 on Friday virtually unchanged, amid a parade of Federal Reserve officials crossing the wires, following last Wednesday's 25 basis points rate cut.

The Japanese Yen (JPY) is slightly weaker versus the US Dollar (USD), underperforming most G10 currencies, as markets await next week’s BoJ meeting where a 25bps rate hike is widely expected.

The Pound Sterling (GBP) trades slightly lower but retains most of its weekly gains as UK data show mixed industrial performance and a wider trade deficit.

The Euro (EUR) trades defensively after modest weekly gains versus the US Dollar (USD), with short-term rates and ECB messaging offering fundamental support.

The Canadian Dollar (CAD) is extending its steady outperformance, backed by supportive rate differentials and a weakening US Dollar (USD) trend.

The British Pound (GBP) trades on the front foot against the Japanese Yen (JPY) on Friday, as the Yen struggles to gain traction despite growing expectations of a Bank of Japan rate hike next week.

The Canadian Dollar (CAD) remains bid against the US Dollar (USD) on Friday, even as the Greenback stages a modest rebound, while markets continue to digest this week’s monetary policy decisions from the Bank of Canada (BoC) and the Federal Reserve (Fed).

Germany Current Account n.s.a. dipped from previous €18.6B to €14.8B in October

EUR/GBP trades without a clear direction on Friday, hovering around 0.8760 at the time of writing, with the pair remaining stable despite contrasting macroeconomic developments between the Eurozone and the United Kingdom.

USD/JPY trades offered but lacks follow-through, as markets near full pricing of a 25bps BOJ hike on 19 December. Near-term support lies at 155.10–153.90, while any meaningful JPY recovery would require stronger guidance from the BOJ, fiscal prudence, and a softer USD.

The USD/JPY pair snaps a two-day losing streak and rebounds to near 156.00 during the European trading session on Friday.

The Central Bank of Turkey (CBT) surprised markets with a 150bp cut to the policy rate, lowering it to 38% as headline inflation for November came in better than expected, ING's FX analyst Frantisek Taborsky notes.

Silver’s (XAG/USD) appreciates for the fourth consecutive day on Friday, consolidating above the $64.00 level at the time of writing after having posted a fresh record high, at $64.62 earlier on the day.Precious metals remain on a strong footing in a calm market session on Friday, with the US Dollar

The USD/CAD pair extends its losing streak for the fourth trading day on Friday. The Loonie pair trades 0.1% lower to near 1.3750 during the European trading hours.

EUR/USD posts marginal losses, trading at 1.1735 on Friday after pulling back from its highest levels in more than two months at 1.1762 reached on Thursday.

The Pound Sterling (GBP) faces selling pressure against its major peers on Friday following the release of the United Kingdom (UK) Gross Domestic Product (GDP) data for October. The GDP report showed that the economic growth contracted again by 0.1%, missing expectations of a 0.1% expansion.

France Consumer Price Index (EU norm) (MoM) in line with expectations (-0.2%) in November

France Consumer Price Index (EU norm) (YoY) meets forecasts (0.8%) in November

Here is what you need to know on Friday, December 12:

Germany Consumer Price Index (YoY) in line with forecasts (2.3%) in November

Germany Consumer Price Index (MoM) meets forecasts (-0.2%) in November

The USD/CHF pair remains fragile near 0.7950 during the European trading session on Friday. The Swiss Franc pair is under pressure as traders expect the Federal Reserve (Fed) to deliver at least two interest rate cuts in 2026.

The AUD/USD pair turns sideways as the three-week rally hits a pause after posting a fresh three-month high at 0.6686 on Wednesday. During Friday’s early European trading hours, the Aussie pair trades calmly near 0.6660.

The EUR/JPY cross posts modest gains near 182.75 during the early European session on Friday.

The Indian Rupee (INR) extends its decline against the US Dollar (USD) on Friday, with the USD/INR pair hitting fresh all-time highs at 90.86.

The GBP/JPY cross attracts fresh buyers following the previous day's modest decline and climbs back above mid-208.00s during the Asian session on Friday.

The EUR/USD pair retreats from a 10-week high to near 1.1735 during the early European session on Friday, pressured by a modest rebound in the US Dollar (USD).  The potential downside for the major pair might be limited amid the prospect of the US Federal Reserve (Fed) rate cuts next year.

The United Kingdom (UK) economic docket features the monthly Gross Domestic Product (GDP) print for October and Industrial Production figures, to be published by the Office for National Statistics (ONS) this Thursday at 07:00 GMT.

Silver price (XAG/USD) climbs to near $63.75 and is poised to retest its all-time high during the Asian trading hours on Friday. The white metal extends the rally on rising industrial demand, a weaker US Dollar (USD), and the metal's entry into the US critical minerals list.