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.

EUR/USD remains subdued for the second successive day, trading around 1.1610 during the Asian hours on Friday. The pair depreciates as the US Dollar (USD) remains firm, supported by rising odds of hawkish sentiment surrounding the Federal Reserve (Fed) policy stance.

On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8373 compared to the previous day's fix of 6.8349 and 6.7992 Reuters estimate.

USD/CAD gains ground for the fourth consecutive day, trading around 1.3790 during the Asian hours on Friday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) struggles amid lower oil prices, given Canada’s status as the largest crude exporter to the United States (US).

The NZD/USD pair oscillates in a narrow range during the Asian session on Friday and reacts little to the better-than-expected release of New Zealand's quarterly Retail Sales figures.

The USD/JPY pair gains ground to around 159.10 during the early Asian session on Friday. Softer Japan inflation data weighs on the Japanese Yen (JPY) against the US Dollar (USD). The US May Michigan Consumer Sentiment Index report will be released later on Friday. 

Sterling spent Thursday looking sturdier than it had any right to.

The Euro finished the Thursday session roughly where it began, which only looks like resilience until you read the data behind it.

The Australian Dollar closed the Thursday session higher, which is a curious outcome for a day that handed the labour market its worst headline in months.

The NZD/USD recovered and is now trading near the 0.5880 region on Friday as the United States (US) Dollar (USD) loses momentum despite resilient economic data, while improving market sentiment and stronger demand for risk-sensitive assets support the New Zealand Dollar (NZD).

USD/CAD trims part of its intraday gains on Thursday as traders react to fresh geopolitical headlines surrounding ongoing US-Iran negotiations. At the time of writing, the pair is trading around 1.3775, up nearly 0.20% on the day after hitting an intraday high near 1.3800 earlier in the day.

The USD/JPY pair rose toward the 159.30 price zone, closing in on the 160.00 level, which usually prompts intervention by the Bank of Japan (BoJ).

The Euro (EUR) trades on the back foot against the US Dollar (USD) on Thursday, with EUR/USD easing from earlier intraday highs as price action remains driven by geopolitical headlines surrounding developments in the Middle East.

Georgette Boele at ABN AMRO highlights that both the Euro and Sterling have fallen about 0.9% against the US Dollar since mid-May, driven by energy markets and bond yields.

Brown Brothers Harriman’s (BBH) Elias Haddad highlights USD/JPY trading around 159.00, with expectations it should stay below 160.00 given intervention risks and a more hawkish Bank of Japan (BoJ).

BNY’s Bob Savage explains that the United Kingdom (UK) government’s targeted cost-of-living package seeks to cushion households from Iran-related energy shocks while avoiding a repeat of large-scale bailouts.

The British Pound (GBP) weakens against the Japanese Yen (JPY) on Thursday as traders digest the latest preliminary PMI data from both the United Kingdom and Japan. At the time of writing, GBP/JPY is trading around 213.40, hovering near one-week highs.

Brown Brothers Harriman’s (BBH) Elias Haddad notes GBP/USD is consolidating near 1.3440 but warns that a likely downward repricing of the UK swaps curve and a potential further leftward pivot by a Labour government could undermine the Pound.

DBS FX & Credit Strategist Chang Wei Liang writes that USD/JPY is consolidating around 159 as markets remain wary of potential intervention and hesitate to test 160.

MUFG’s Lee Hardman highlights a strong recovery in the Pound and gilts as UK fiscal and inflation concerns ease. GBP/USD has bounced toward the 200-day moving average, while long gilt yields have fallen sharply.

The Euro (EUR) nurses moderate losses against the US Dollar (USD) on Thursday, although it remains within the last few days' range, changing hands at 1.1610 at the time of down from session highs at 1.1635.

ING’s Francesco Pesole says weak Australian labour data and grim PMIs support a cautious Reserve Bank of Australia (RBA) stance and dampen expectations for further tightening.

Societe Generale analysts note EUR/USD is lacking clear direction as it trades around its 200‑DMA and approaches an ascending trend line from February 2025. The pair faces resistance near 1.1750/1.1800 and support around 1.1500–1.1390.

The British Pound is down 0.13% to near 1.3415 against the US Dollar (USD) during the European trading session on Thursday.

NZD/USD moves little after registering modest gains in the previous day, trading around 0.5870 during the European hours on Thursday. The technical analysis of the daily chart signals an ongoing bearish bias as the pair remains within the descending channel pattern.

Eurozone Construction Output s.a (MoM) rose from previous -0.2% to 0.8% in March