Asian equities trade sideways as uncertainty over the United States (US)–Iran peace talks limits risk appetite. At the time of writing, Japan’s Nikkei 225 is 0.03% higher to near 53,623, while Hong Kong’s Hang Seng Index is up 0.88 to 25,074, and the SSE Composite Index gains 0.75 to 3,920.
Commerzbank’s Michael Pfister notes that EUR/USD has rebounded on hopes for a Middle East ceasefire, but he doubts the war will end quickly and expects the pair to trade below pre-war levels for now.
The USD/CHF pair reclaims the two-month high of 0.7960 during the Asian trading session on Thursday.
NZD/USD halts its three-day losing streak, trading around 0.5780 during the Asian hours on Friday.
Gold prices rose in India on Friday, according to data compiled by FXStreet.
The AUD/USD pair stages a modest recovery from the 0.6870 region, or over a two-month low touched during the Asian session on Friday, amid a softer US Dollar (USD).
The USD/JPY pair attracts some sellers during the Asian session on Friday, and for now, seems to have snapped a three-day winning streak back closer to its highest level since July 2024, touched earlier this month.
EUR/JPY extends its losses for the second successive session, trading around 184.10 during the Asian hours on Friday.
USD/CAD halts its four-day winning streak, trading around 1.3850 during the Asian hours on Friday. The pair weakens as the US Dollar (USD) softens on decreasing risk aversion after recent remarks from US President Donald Trump.
The GBP/USD pair snaps its three-day losing streak on Friday, trading 0.1% higher to near 1.3345 during the Asian trading session.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, edges lower after three days of gains and is trading around 99.90 during the Asian hours on Friday.
The EUR/USD pair edges higher during the Asian session on Friday, though it lacks bullish conviction and risks attracting fresh sellers amid a bullish US Dollar (USD).
