EUR/USD
EUR/USD steadies after three days of losses, trading around 1.1690 during the Asian hours on Friday. The pair remains flat as the US Dollar (USD) maintains its position as safe-haven demand increases amid persistent uncertainty surrounding the United States (US)–Iran conflict.
GBP/USD
GBP/USD steadies after three days of losses, trading around 1.3470 during the Asian hours on Friday. The pair stays calm following the release of United Kingdom (UK) Retail Sales data, which rebounded 0.7% month-over-month (MoM) in March after declining by a revised 0.6% in February. The market forecast was for a 0.1% growth in the reported month.
USD/JPY
USD/JPY trades around 159.45 on Thursday, virtually unchanged on the day but still close to recent highs after three consecutive bullish days. The pair remains supported by the strength of the US Dollar (USD) in a context of persistent geopolitical tensions around the Strait of Hormuz, which are keeping energy prices elevated.
AUD/USD
The AUD/USD pair trades neutrally near the 0.7160 price zone on Thursday, as the US Dollar (USD) gathered some strength following a fresh batch of solid United States (US) economic data. Weekly Initial Jobless Claims rose to 215K, slightly above the previous 212K but still consistent with a resilient labor market, reinforcing expectations that the Federal Reserve (Fed) can maintain a cautious, data-dependent stance.
NZD/USD
The NZD/USD pair trades with a negative bias near the 0.5860 area on Friday, April 24, as the US Dollar (USD) remains supported despite a slight loss of momentum in the broader index. The Greenback continues to benefit from a combination of resilient economic data and ongoing geopolitical uncertainty.
USD/CAD
USD/CAD remains flat following a three-day winning streak, trading around 1.3700 during the Asian hours on Friday. The pair steadies as the US Dollar (USD) maintains its position as safe-haven demand increases amid persistent uncertainty surrounding the United States (US)–Iran conflict.
USD/CHF
USD/CHF extends its winning streak for the fourth successive day, trading around 0.7870 during the Asian hours on Friday. The pair gains ground as the US Dollar (USD) receives support from safe-haven demand amid persistent uncertainty surrounding the United States (US)–Iran conflict.
CRUDE OIL
U.S. oil executives expect domestic production to rise as the ongoing war in Iran upends global supplies and pushes crude and fuel prices higher, according to a Dallas Fed survey.
Gold (XAU/USD) touches a two-week low, around the $4,758-$4,757 region, during the Asian session on Friday and remains on track to register weekly losses for the first time in five weeks. Intensifying US-Iran tensions over the Strait of Hormuz and the lack of progress in peace talks keep investors on edge. Moreover, reviving inflationary fears temper expectations for a more dovish US Federal Reserve (Fed) and underpin the US Dollar (USD), which, in turn, is seen weighing on the yellow metal.
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