The GBP/USD pair turns lower for the fourth straight day following an intraday uptick to the 1.3370 area on Friday.
The GBP/USD pair turns lower for the fourth straight day following an intraday uptick to the 1.3370 area on Friday.
ING’s Chris Turner notes EUR/USD has slipped below 1.1500 as higher Dollar-denominated energy costs hurt most European corporates.
West Texas Intermediate (WTI) oil price remains steady after experiencing volatility, hovering near $95.60 per barrel during the European hours 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.