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EUR/USD edges higher as Iran reopens Strait of Hormuz, Oil tumbles
The Euro (EUR) edges higher against the US Dollar (USD) on Friday as the Greenback comes under heavy selling pressure after Iran’s decision to reopen the Strait of Hormuz improved overall market sentiment and raised hopes for a potential US-Iran peace agreement.
GBP/JPY slips as Iran signals Hormuz reopening, Oil prices tumble
GBP/JPY trades with a mild downside bias on Friday in relatively calm market conditions, with the Japanese Yen modestly outperforming the British Pound as growing expectations around a potential US–Iran peace agreement weigh on Oil prices.
USD/JPY falls as Hormuz reopening, risk mood hit US Dollar
USD/JPY falls toward 158.20 at the time of writing, down 0.61% on Friday after hitting a daily high of 159.53 earlier. The pair now faces notable selling pressure as improving geopolitical conditions in the Middle East reduce demand for safe-haven US Dollar (USD).
Fxstreet
Fri, Apr 17
USD/CAD: Modest downside as Fed cuts loom – ING
ING keeps a mildly bearish profile for USD/CAD into year‑end, driven mainly by expected Dollar weakness once the Federal Reserve resumes cutting in 3Q. Canada’s domestic backdrop is less supportive, with the Bank of Canada worried about upcoming USMCA talks and jobs.
NZD/USD steadies below 0.5900 as markets await developments in the Middle East
The New Zealand Dollar (NZD) shows marginal losses against the US Dollar (USD) on Friday, trading around 0.5885 at the time of writing, after pulling back from monthly highs, around 0.5920 earlier this week.
Fxstreet
Fri, Apr 17
USD/CHF Price Forecast: Bearish Flag formation warrants more downside below 0.7790
The USD/CHF pair trades 0.15% lower at around 0.7825 during the European trading session on Friday. The Swiss Franc pair faces selling pressure as optimism towards a permanent ceasefire between the United States (US) and Iran has diminished the appeal of safe-haven assets.
Fxstreet
Fri, Apr 17
EUR/GBP: Upside bias with UK risks – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that UK gilts and the Pound are underperforming as political pressure on Prime Minister Keir Starmer intensifies. The bank expects Labour’s weak standing and fiscal credibility challenges to weigh on UK assets.
Fxstreet
Fri, Apr 17
EUR/GBP edges up as firmer Eurozone inflation contrasts with cautious BoE
EUR/GBP trades around 0.8715 on Friday at the time of writing, up 0.06% on the day, as the Euro (EUR) finds moderate support from stronger inflation data in the Eurozone while the Pound Sterling (GBP) remains constrained by cautious signals from the Bank of England (BoE).Fxstreet
Fri, Apr 17
USD/CAD: Canadian Dollar outperforms on yields – Rabobank
Rabobank strategist Molly Schwartz highlights that the US Dollar (USD) was the third best-performing G10 currency, but the Canadian Dollar (CAD) outpaced it, pushing USD/CAD down to 1.37, reflecting relative CAD strength on the day.Fxstreet
Fri, Apr 17
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