EUR/USD prolonged its agony throughout the week, poising to print losses of 0.70%, as it fell 0.20% on Friday, despite the release of mixed economic data in the US. In the European Union, Retail Sales exceeded forecasts, but traders’ focus remains around the dynamics of the US and the Dollar.
The Canadian Dollar (CAD) trades little changed against the British Pound (GBP) on Friday, with GBP/CAD struggling to find direction as traders show a muted reaction to Canada’s latest employment report. At the time of writing, the pair trades around 1.8636, hovering near one-month highs.
AUD/USD trades lower on Friday, with the pair hovering around 0.6680 at the time of writing, down 0.23% on the day.
USD/CAD trades around 1.3900 on Friday at the time of writing, up 0.25% on the day, supported by a combination of macroeconomic factors favoring the US Dollar (USD) and weighing on the Canadian Dollar (CAD).
The Japanese Yen (JPY) extends its losses against the US Dollar (USD) on Friday, with USD/JPY pushing higher for a fourth straight day as the Greenback builds on its recent advance following the latest batch of US economic releases.
The Pound Sterling retraces on Friday after December’s Nonfarm Payrolls report delivered mixed figures, though traders reduced bets for an interest rate cut in January. At the time of writing, the GBP/USD trades at 1.3412 after reaching a high of 1.3451.
The Pound Sterling (GBP) is soft, down a modest 0.2% but underperforming most of the G10 currencies as we head into Friday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The Euro (EUR) is soft and down a fractional 0.1% vs. the US Dollar (USD) as it extends its latest pullback within the flat range from last June, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The Euro (EUR) edges lower against the US Dollar (USD) on Friday as traders react to a mixed batch of US labour-market data. At the time of writing, EUR/USD trades around 1.1638, remaining on the back foot for a seventh straight day as the Greenback retains a firm tone across the board.
The Canadian Dollar (CAD) is little changed against the generally firmer US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR/GBP trades around 0.8670 on Friday at the time of writing, virtually unchanged on the day, after failing to establish itself above 0.8690 on Thursday.
The British Pound (GBP) trades on the front foot against the Japanese Yen (JPY) on Friday, as the Yen weakens broadly amid growing frictions between Japan and China.
The Canadian Dollar (USD) is under pressure at the start of 2026, with USD/CAD approaching 1.3900 ahead of today’s December labor force survey, BBH FX analysts report.
The AUD/USD pair extends its losing streak for the third trading day on Friday, sliding to near 0.6676 during the late European trading session.
USD/CHF trades without a clear direction on Friday, with the current price hovering around 0.8000, virtually unchanged on the day after three consecutive days of gains. The pair pauses as the Swiss Franc (CHF) continues to benefit from safe-haven demand in a still-uncertain geopolitical environment.
New Zealand Dollar (NZD) could continue to decline; it does not appear to have sufficient momentum to reach 0.5715. In the longer run, downward momentum has increased slightly, and NZD could edge lower toward 0.5715, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The Canadian labour market data for December is due for release today at 13:30 GMT. Statistics Canada is expected to show that there was a reduction in the labor force as 5K workers were fired, against hiring of 53.6K job-seekers in November.
Australian Dollar (AUD) could retest the 0.6680 level before a recovery can be expected; any further decline is unlikely to reach 0.6655.
The Japanese Yen depreciated across the board on Friday.
The Eurozone’s Retail Sales increased by 2.3% year-over-year (YoY) in November, following a revised 1.9% growth in October, according to official data released by Eurostat on Friday.
Oversold Euro (EUR) decline could test 1.1635 before a more sustained recovery is likely. In the longer run, bias for EUR remains on the downside; it remains to be seen if 1.1615 will come into view, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The Pound Sterling (GBP) trades near its weekly low around 1.3420 against the US Dollar (USD) during the European trading session on Friday.
The NZD/USD pair trades 0.37% lower to near 0.5730 during the European trading session on Friday. The Kiwi pair is under severe selling pressure as the New Zealand Dollar (NZD) underperforms amid a cautious market mood.
27EUR/USD depreciates further, trading at monthly lows of 1.1640 at the time of writing, on track to a 0.6% depreciation this week.
The Euro is trading flat in the area of 0.8675 on Friday’s early European session, halfway through the weekly range, following mixed macroeconomic data from Germany. From a wider perspective, the pair is on track for a 0.3% weekly loss and a 1.5% sell-off from mid-November highs above 0.8800.
The EUR/CAD pair oscillates in a range around mid-1.6100s through the early European session on Friday, though it seems to have stalled the previous day's modest pullback from over a three-week high.
Silver price (XAG/USD) gains ground after two days of losses, trading around $77.20 per troy ounce during the Asian hours on Friday.