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The USD/CAD pair gains some follow-through positive traction for the third straight day and touches a fresh weekly top, above mid-1.3600s during the early European session on Friday.

Here is what you need to know on Friday, March 13:

The GBP/USD pair turns lower for the fourth straight day following an intraday uptick to the 1.3370 area on Friday.

MUFG’s Senior Currency Analyst Lloyd Chan highlights that the recent Oil price shock is reinforcing upside inflation risks in the United States and complicating the Federal Reserve’s policy outlook.

The EUR/USD pair resumes the downside, breaking below 1.1500 in the early European hours on Friday to trade at levels last seen in November 2025, as the US Dollar (USD) finds fresh haven demand in a risk-averse environment.

Gold (XAU/USD) trims a part of its modest intraday gains and slides back below the $5,100 mark heading into the European session on Friday. Geopolitical risks remain in play amid a further escalation of conflicts in the Middle East.

USD/INR has recovered its daily losses and is trading near an all-time high of 92.90 in the previous session.

Statistics Canada will release its Labour Force Survey on Friday, and market participants expect a modest uptick in job creation in February, with the Employment Change foreseen at 10K following the -24.8K in the previous month.

EUR/JPY extends its gains for the second successive session, trading around 183.30 during the Asian hours on Friday. The technical analysis of the daily chart shows the spot testing the upper boundary of a descending triangle, suggesting potential resistance and a possible downside continuation.

Commerzbank analysts highlight that Brent crude Oil has surged above USD100 as Middle East conflict triggers major supply disruptions.