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Gold Steadies as Traders Await US NFP for Fed Clues
Gold (XAU/USD) recovers some of its earlier losses as markets focus on the upcoming US Nonfarm Payrolls report, which could influence the Federal Reserve's next policy move.
New Zealand Dollar Strengthens on RBNZ Rate Hike Expectations
The New Zealand Dollar (NZD) rose against the US Dollar on Friday as traders priced in earlier and larger rate hikes from the Reserve Bank of New Zealand.
TD Securities forecasts softer Canada jobs data, reinforcing dovish BoC view
TD Securities expects Canada's May employment to rise by only 5,000, well below the consensus estimate of 10,000, after a loss of 18,000 in April. The unemployment rate is seen steady, adding to the case for a dovish Bank of Canada.
Silver Recovers Half of Early Losses but Still Down Ahead of US NFP Data
Silver (XAG/USD) clawed back half of its early losses on Friday, trading 1.7% lower near $72.60 ahead of the US Nonfarm Payrolls data release.
Fed Hike Odds Trimmed on Softer US Data: Deutsche Bank
Deutsche Bank strategists note that easing inflation fears and softer US data have led markets to scale back expectations for additional Federal Reserve tightening in 2026. The Dollar Index is slightly lower, with jobless claims at a three-month high and Treasury yields declining.
USD/JPY Holds Near 160.00 Ahead of US NFP Data
The USD/JPY pair is consolidating around 160.00 during European trading as traders await the US Nonfarm Payrolls report for May, due at 12:30 GMT.
Gold edges lower on Middle East tensions ahead of US jobs data
Gold (XAU/USD) slipped 0.26% to around $4,463 on Friday as traders pared positions ahead of the US May employment report and amid lingering Middle East tensions.
EUR Recovers Toward 1.1650 Despite Weak Eurozone GDP
The euro strengthened against the US dollar on Friday, climbing to just below 1.1650, even after disappointing Eurozone GDP data.
Indonesian Rupiah Hits Historic Low Above 18,000 Per Dollar
The Indonesian Rupiah (IDR) fell past the 18,000 per US dollar mark for the first time, reaching a historic low while the currency remains deeply undervalued. The drop coincides with a sharp multi-year contraction in domestic equities.
Subdued Oil Volatility Caps USD Breakout Amid Stalled Iran Talks
Lack of tangible progress in US-Iran negotiations has kept oil price swings muted, preventing the US dollar from breaking higher despite a strong macro backdrop.
Swiss Franc Extends Gains Against US Dollar as Market Awaits NFP Data
The Swiss Franc (CHF) strengthens for a second consecutive day against the US Dollar (USD), with USD/CHF hitting session lows at 0.7872. Traders are focused on upcoming US Nonfarm Payrolls data.
MUFG: UK Labour Weakness May Temper BoE Hikes
MUFG analyst Derek Halpenny notes growing signs of UK labour market weakness, including a sharp drop in HMRC jobs data and elevated HR1 redundancy notifications, which could influence the Bank of England's rate path.
Gold at Pivotal Moment Ahead of US NFP Report
Gold prices are at a critical juncture as the May US Non-farm Payrolls report approaches. A breakdown could target $4,350, while a relief rally may push prices above $4,560.
AUD Weakens on Divergence Between Inflation and Slowing Economy
A Telegram post suggests the Australian Dollar's decline is driven by factors beyond inflation and the RBA, highlighting a divergence between persistent inflation and slowing economic growth.
EUR/USD Steady at 1.1613 Ahead of Nonfarm Payrolls
EUR/USD trades near 1.1613 as the US dollar strengthens on safe-haven demand amid Middle East tensions, with markets eyeing Nonfarm Payrolls data.
Commerzbank: US Jobs Data Volatility for USD Fades Quickly
Commerzbank analyst Michael Pfister notes that stronger US labour market data only impacts the dollar if it shifts rate-hike expectations, and the resulting volatility tends to fade fast.
ING: Weak Canadian Jobs Data Supports CAD Upside vs USD
ING's Francesco Pesole notes that weak April Canadian labour data and a dovish jobs contribution to Bank of Canada policy are supporting the Canadian dollar against the US dollar, despite a widening swap spread and USMCA risks.
Safe-Haven Appeal of Swiss Franc Weakens on Rate Gap, SNB Actions
OCBC’s FX strategist Simon Siong notes that the Swiss franc is losing its safe-haven edge as EUR/CHF drifts up from the 0.91 support level, driven by widening interest rate disadvantages and the SNB's active resistance to further franc appreciation.
Japanese Yen Edges Up but Stays Near 160.00 Intervention Threshold
The Japanese Yen strengthened slightly against the US Dollar on Friday, but USD/JPY remains above 159.90, staying close to the 160.00 level considered the intervention threshold.
MUFG Sees Balanced Risks in Upcoming US NFP Data
MUFG analyst Lloyd Chan expects Friday's nonfarm payrolls report to show a modest slowdown, noting that the consensus estimate of 88k already factors in softer hiring after April's 115k gain.
Commerzbank: Turkish Lira Risks as May CPI Seen Sticky
Commerzbank analyst Ghose expects Turkey's May CPI to show only modest moderation from April's spike, keeping inflation momentum high and lira risks elevated.
Euro faces downside risks toward key supports against US Dollar – UOB
UOB analysts Quek Ser Leang and Lee Sue Ann see EUR/USD consolidating near 1.16 with flattening intraday momentum indicators, but the broader bias remains tilted to the downside, highlighting risks toward key support levels.
AUD/USD Falls to Near 0.7100 After Slipping Below 50-Day EMA
The AUD/USD pair depreciated, trading around 0.7120 in Asian hours, after slipping below the 50-day EMA, with technical analysis showing consolidation within a rectangle pattern.
AUD/JPY Eases to 114.00 but Holds Bullish Structure Above 100-Day SMA
The AUD/JPY cross slipped to around 114.00 during early European trading on Friday, but the pair retains a bullish setup as it stays above the 100-day SMA. Fears of Japanese intervention provide support to the yen.