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EUR/USD Steady at 1.1613 Ahead of Nonfarm Payrolls
EUR/USD trades near 1.1613 as the US dollar strengthens on safe-haven demand amid Middle East tensions, with markets eyeing Nonfarm Payrolls data.
Commerzbank: US Jobs Data Volatility for USD Fades Quickly
Commerzbank analyst Michael Pfister notes that stronger US labour market data only impacts the dollar if it shifts rate-hike expectations, and the resulting volatility tends to fade fast.
ING: Weak Canadian Jobs Data Supports CAD Upside vs USD
ING's Francesco Pesole notes that weak April Canadian labour data and a dovish jobs contribution to Bank of Canada policy are supporting the Canadian dollar against the US dollar, despite a widening swap spread and USMCA risks.
Safe-Haven Appeal of Swiss Franc Weakens on Rate Gap, SNB Actions
OCBC’s FX strategist Simon Siong notes that the Swiss franc is losing its safe-haven edge as EUR/CHF drifts up from the 0.91 support level, driven by widening interest rate disadvantages and the SNB's active resistance to further franc appreciation.
Japanese Yen Edges Up but Stays Near 160.00 Intervention Threshold
The Japanese Yen strengthened slightly against the US Dollar on Friday, but USD/JPY remains above 159.90, staying close to the 160.00 level considered the intervention threshold.
MUFG Sees Balanced Risks in Upcoming US NFP Data
MUFG analyst Lloyd Chan expects Friday's nonfarm payrolls report to show a modest slowdown, noting that the consensus estimate of 88k already factors in softer hiring after April's 115k gain.
Commerzbank: Turkish Lira Risks as May CPI Seen Sticky
Commerzbank analyst Ghose expects Turkey's May CPI to show only modest moderation from April's spike, keeping inflation momentum high and lira risks elevated.
Euro faces downside risks toward key supports against US Dollar – UOB
UOB analysts Quek Ser Leang and Lee Sue Ann see EUR/USD consolidating near 1.16 with flattening intraday momentum indicators, but the broader bias remains tilted to the downside, highlighting risks toward key support levels.
AUD/USD Falls to Near 0.7100 After Slipping Below 50-Day EMA
The AUD/USD pair depreciated, trading around 0.7120 in Asian hours, after slipping below the 50-day EMA, with technical analysis showing consolidation within a rectangle pattern.
AUD/JPY Eases to 114.00 but Holds Bullish Structure Above 100-Day SMA
The AUD/JPY cross slipped to around 114.00 during early European trading on Friday, but the pair retains a bullish setup as it stays above the 100-day SMA. Fears of Japanese intervention provide support to the yen.
Indian Rupee Ticks Lower as RBI Holds Repo Rate at 5.25%
The Indian Rupee saw marginal selling pressure after the RBI left its repo rate unchanged at 5.25%, as widely expected. Despite the move, the USD/INR pair was reported marginally lower.
Swiss Franc Holds Gains as SNB Rate Hike Odds Fade
The Swiss Franc strengthened against the US Dollar despite softer inflation data reducing expectations of a rate hike by the Swiss National Bank. USD/CHF remained subdued near 0.7890 during Asian hours on Friday.
RBI Holds Repo Rate at 5.25% in June, Impact on Indian Rupee
The Reserve Bank of India kept its repo rate unchanged at 5.25% after the June monetary policy meeting, a decision in line with market expectations. The hold may provide near-term support for the Indian Rupee.
EUR/JPY Hovers Near 186.00 at Descending Channel Top
EUR/JPY trades around 185.80 in Asian trade Friday, holding a constructive bullish bias above key exponential moving averages.
Dollar Index Wobbles Near 99.40 as Markets Await US NFP Data
The US Dollar Index is fluctuating around 99.40 as traders hold off ahead of the May Nonfarm Payrolls report due at 12:30 GMT.
EUR/USD May Test 1.1575, Dollar Index Holds Below 99.50
The dollar index remains below 99.50, with a potential breakout toward 100-100.50. EUR/USD could test 1.1575, but a break below that level may push it down to 1.15/14, while EUR/INR could rise to 111.85-112 before facing resistance.
South Korean Won Drops to 17-Month Low vs Dollar
USD/KRW extended its winning streak, trading near 1,540 after hitting 1,549 — a level last seen in March 2009 — despite government pledges to stem excessive volatility.
Canadian Dollar Gains on Higher Oil, USD/CAD Dips to 1.3900
USD/CAD fell during Asian hours on Friday as rising oil prices supported the commodity-linked Canadian Dollar, pushing the pair to around 1.3900.
Gold Tests 200-Day SMA Ahead of US NFP Data
Gold (XAU/USD) is reversing part of its previous rebound, trading around $4,450 as caution prevails ahead of US Nonfarm Payrolls data and amid a deadlock in the Gulf conflict.
NZD/USD Falls as US Tariff Threats Weigh on Kiwi
The New Zealand Dollar declined against the US Dollar, trading around 0.5850 during Asian hours on Friday, as concerns over US tariff threats pressured the currency.
AUD/USD Slips Toward 0.7120 Amid Cautious Market Mood
The Australian Dollar weakened against the US Dollar, trading near 0.7120 in early European trading on Friday. Cautious sentiment and the ongoing Middle East conflict weighed on the AUD despite the RBA's hawkish stance.
Yen Strengthens on Intervention Fears, USD/JPY Drops to 159.90
USD/JPY extended losses for a second consecutive day, trading near 159.90 during Asian hours on Friday, as the yen gained support from heightened fears of government intervention.
PBOC Sets USD/CNY Reference Rate at 6.8157
The People's Bank of China set the USD/CNY central rate at 6.8157 on Friday, higher than the previous fix of 6.8203 but above the Reuters estimate of 6.7735.
EUR/USD Holds Steady Around 1.1620 Ahead of US Jobs Report
The EUR/USD pair is trading near 1.1620 in early Asian trading on Friday, as traders hold off on major moves before the release of the US jobs report for May.