The Indian Rupee (INR) trades in positive territory on Friday. A broader weakness in the US Dollar (USD) and the progress of a multi-phase trade deal between the US and India provide some support for the local currency in the near term.
The Japanese Yen (JPY) retains a bullish bias against a weaker US Dollar (USD) through the early European session on Friday and remains close to a two-week high touched the previous day.
The Australian Dollar (AUD) posts gains against the US Dollar (USD) on Friday after registering losses in the previous session. The AUD/USD pair jumps as the Greenback comes under pressure, driven by the 30-year US bond yield pulling back from highs in 19 months.
The S&P 500 Futures market outlook is bearish, expecting a downtrend if the price remains below $5,860, while a move above $5,865 would shift the bias to bullish.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.75 during the Asian trading hours on Friday. The WTI price edges lower amid concerns that global supply could outpace demand growth.
Japan's Economy Minister Ryosei Akazawa said on Friday that he intends to visit the US around May 30 for the fourth round of talks, Reuters with the info citing unnamed sources.
On Friday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1919 as compared to the previous day's fix of 7.1903 and 7.2151 Reuters estimate.
The NZD/USD pair posts modest gains near 0.5900 during the early Asian session onn Thursday. The upbeat New Zealand Retail Sales data provide some support to the Kiwi against the US Dollar (USD).
European Central Bank (ECB) President Christine Lagarde said on Friday that with US President Donald Trump’s extension of his trade war to nearly every country, we must question the links of dependency that we have with each other and, in certain matters, with the United States.
Japan’s National Consumer Price Index (CPI) climbed by 3.6% YoY in April, compared to the previous reading of 3.6%, according to the latest data released by the Japan Statistics Bureau on Friday.
The USD/CAD pair trades with mild gains around 1.3855, snapping the four-day losing streak during the early Asian session on Friday. The US Dollar (USD) edges higher against the Canadian Dollar (CAD) due to the stronger-than-expected Purchasing Managers Index (PMI) data.
GBP/USD treaded water on Thursday, marking in a tight circle just north of the 1.3400 handle as global market sentiment suffers knock-on effects from a recent bout of worry that shot through Treasury yields this week.
New Zealand’s Retail Sales, a measure of the country’s consumer spending, rose 0.8% QoQ in the first quarter (Q1) of 2025 from the previous reading of 0.9%, according to the official data published by Statistics New Zealand on Friday. This figure came in above the market consensus of 0.1%.
The GBP/JPY registers modest gains as Friday’s Asian session begins, carrying on an upbeat mood as the pair gained over 0.23% on Thursday, bottoming at around the 192.00 area. At the time of writing, the cross-pair trades at 193.14 virtually unchanged.
The USD/JPY pair snapped three straight days of losses and climbed over 0.20% on Thursday late during the North American session. The Yen’s recent depreciation, despite falling US Treasury yields and amid the lack of a catalyst, could be attributed to traders booking profits ahead of the weekend.
Bank of Canada (BoC) Governor Tiff Macklem and Canadian Finance Minister François-Philippe Champagne gave dueling talking points on Thursday, reviewing their G7 experiences this week.
US Treasury yields retreated on Thursday after the 30-year US bond yields reached their highest level in 19 months amid concerns regarding the increase of the US fiscal deficit, as Trump's “One Big Beautiful Bill” passes the US House of Representatives and is on its way to the Senate.
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