EUR/USD
The EUR/USD pair attracts some dip-buyers during the Asian session on Friday, stalling the previous day’s modest pullback from the 1.1470-1.1475 region, or a nearly two-week high. Spot prices currently trade just below mid-1.1400s and seem poised to register gains for the first time in three weeks as receding US Federal Reserve (Fed) rate hike bets keep the US Dollar (USD) depressed.
GBP/USD
The GBP/USD pair trades with mild gains near 1.3350 during the early Asian trading hours on Friday. The US Dollar (USD) edges lower against the British Pound (GBP) on a weaker-than-expected US Nonfarm Payrolls (NFP) report. The US markets will be closed on Friday in observance of Independence Day.
USD/JPY
USD/JPY holds its position after experiencing volatility, trading around 161.10 during the Asian hours on Friday. The pair may depreciate as the Japanese Yen (JPY) could strengthen on rising speculation that Japanese officials are preparing another round of currency intervention.
AUD/USD
The AUD/USD pair turns positive for the second straight day following a modest Asian session downtick to the 0.6910 region amid the emergence of fresh US Dollar (USD) selling. Spot prices stick to gains following the release of the RatingDog China Services PMI and currently trade around the 0.6930 area, just below a one-and-a-half-week top set on Wednesday.
NZD/USD
The NZD/USD pair gathers strength to around 0.5705 during the Asian trading hours on Friday. The New Zealand (NZD) remains strong following the Chinese economic data. The US markets will be closed on Friday in observance of Independence Day.
USD/CAD
The USD/CAD pair struggles to capitalize on the previous day’s modest bounce from a nearly two-week low and turns lower for the second straight day following a modest Asian session uptick to the 1.4200 neighborhood. Spot prices remain close to the overnight swing low, around mid-1.1400s, and seem poised to register losses for the first time in five weeks.
USD/CHF
USD/CHF extends its losses for the second successive day, trading around 0.8020 during the Asian hours on Friday. The pair depreciates as the US Dollar (USD) loses ground amid a disappointing set of domestic labor data released on Thursday, easing bets on a Fed rate hikes.
CRUDE OIL
Oil prices edged up on Friday before a long holiday weekend in the U.S., as wary optimism held over efforts to secure peace in the Middle East between the United States and Iran.
Gold (XAU/USD) builds on its recovery from the lowest level since November 2025, touched earlier this week, and gains some follow-through positive traction for the third straight day on Friday. The precious metal advanced to a one-and-a-half-week top during the Asian session and remains on track to register gains for the first time in five weeks, with bulls now awaiting a move beyond the $4,200 mark before positioning for further gains.
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