The EUR/USD pair attracts some buyers during the Asian session on Friday and looks to build on the intraday move up beyond the 1.1300 round-figure mark.
Gold price (XAU/USD) touches a fresh daily high during the early part of the European session on Friday, though the intraday move-up lacks bullish conviction and remains below the $3,260-3,265 support breakpoint.
West Texas Intermediate (WTI) crude Oil price extended gains for a second consecutive session, trading near $59.40 per barrel during Asian trading hours on Friday.
The Indian Rupee (INR) extends the rally on Friday. Foreign portfolio inflows into Indian equities and increased hedging-related US Dollar (USD) sales from local exporters boost the Indian currency.
Silver (XAG/USD) builds on the previous day's goodish bounce from the $31.65 area, or a nearly three-week low, and gains some follow-through traction during the Asian session on Friday.
The GBP/USD pair drifts lower to near 1.3275 during the Asian trading hours on Friday. The positive developments surrounding US-China trade talks provide some support to the US Dollar (USD).
Australia’s Retail Sales, a measure of the country’s consumer spending, rose 0.3% MoM in March, compared to an increase of 0.8% in February (revised from 0.2%), the official data published by the Australian Bureau of Statistics (ABS) showed on Friday.
US Secretary of State Marco Rubio said on Friday that Ukraine and Russia's positions are still a little far apart, adding that it's going to take a breakthrough soon in Ukraine to make this possible. However, US President Donald Trump has to decide how much time to dedicate to this.
Japan's Economy Minister Ryosei Akazawa said on Friday that he has no comment on specific negotiations with the United States. Akazawa said that the Japanese officials want to hold the next meeting after mid-May.
The Gold price (XAU/USD) edges lower to a two-week low near $3,235 during the early Asian session on Friday. The easing of trade tensions between the US and its trading partners has dented the safe-haven demand, weighing on the precious metal.
The EUR/USD pair softens to around 1.1290 during the early Asian session on Friday. The US Dollar (USD) edges higher against the Euro (EUR) amid optimism about a de-escalation in the global trade conflict. All eyes will be on the US April Nonfarm Payrolls (NFP) report, which is due later on Friday.
Japan’s Finance Minister Shunichi Kato said on Friday that Japan's huge US Treasury holdings are among tools available for Tokyo in trade negotiations with the United States, per Reuters.
The Mexican Peso posted slight losses against the US Dollar on Thursday after economic data in the United States (US) suggested slowing manufacturing and a cooling labor market. The USD/MXN trades at 19.58 after hitting a daily low of 19.57.
The AUD/NZD pair edged slightly higher on Thursday, trading near the 1.0800 area as the market transitions into the Asian session. While the move shows mild intraday strength, the broader technical setup remains tilted to the downside.
The USD/JPY is trading with notable strength, surging to the upper end of its recent range as the Japanese Yen continues to underperform following the Bank of Japan’s latest policy meeting.
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