EUR/USD
The EUR/USD pair holds onto Thursday’s gains around 1.1540 during the late Asian trading session on Friday. The major currency pair exhibits strength as the US Dollar (USD) faces selling pressure due to renewed United States (US) labor market concerns.
GBP/USD
GBP/USD edges lower around 1.3120 during Asian hours on Friday, after rising 1% over the past two sessions. The pair depreciates as the Pound Sterling (GBP) weakens following the Bank of England’s (BoE) dovish hold in November.
USD/JPY
The USD/JPY pair slumps to near 153.05 during the early Asian session on Friday. The US Dollar (USD) faces some selling pressure as the US government shutdown extends further, hitting a record with still no solution in sight. The flash Michigan Consumer Sentiment survey will be in the spotlight later on Friday.
AUD/USD
Australian Dollar (AUD) declines against the US Dollar (USD) on Friday, extending its losses for the second successive session. The AUD/USD pair loses ground as China’s Trade Balance arrived at CNY640.4 billion for October, narrowing from the previous figure of CNY645.47 billion.
NZD/USD
NZD/USD extends its losses for the second successive session, trading at a six-month low of 0.5609 during the early European hours on Friday. The pair depreciates as the New Zealand Dollar (NZD) loses ground amid expectations of further policy easing from the Reserve Bank of New Zealand (RBNZ), with markets fully pricing in a 25-basis-point rate cut in November following a weak jobs report.
USD/CAD
USD/CAD continues its winning streak for the seventh consecutive day, trading around 1.4120 during the European hours on Friday. The technical analysis of the daily chart indicates a prevailing bullish bias, with the pair remaining within the ascending channel pattern.
USD/CHF
The USD/CHF pair edges higher to near 0.8075 during the early European session on Friday, bolstered by renewed US Dollar (USD) demand. The preliminary reading of the U-Mich Consumer Sentiment survey will be published later on Friday.
CRUDE OIL
Oil edged up on Friday following three days of declines on worries about excess supply and slowing demand in the U.S., though prices are set for a second weekly loss.
Gold (XAU/USD) sticks to modest intraday gains through the Asian session on Friday, though it lacks follow-through buying and remains below the $4,000 psychological mark amid mixed cues. Concerns about the economic fallout from a prolonged US government shutdown, along with the uncertainty over the legality of US President Donald Trump’s tariffs, temper investors’ appetite for riskier assets. This is evident from a weaker tone around the equity markets and drives safe-haven flows towards the precious metal.
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