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EUR/USD extends gains as ceasefire optimism weighs on USD despite firm CPI
The Euro (EUR) edges higher against the US Dollar (USD) on Friday, with EUR/USD extending gains for a fifth straight day, as improving risk sentiment following the US-Iran ceasefire announcement offsets the impact of firm US inflation data and keeps the Greenback under pressure.
EUR/USD
Fxstreet
Fri, Apr 10
EUR/USD: Upside risk within 1.1680–1.1780 band – Scotiabank
Scotiabank’s strategists Shaun Osborne and Eric Theoret note the Euro is extending consolidation around 1.17 after sentiment-driven gains linked to easing geopolitical concerns. They highlight constructive risk reversals, supportive yield spreads and reduced demand for downside protection.
EUR/USD
Fxstreet
Fri, Apr 10
GBP/JPY Price Forecast: Bulls eye breakout above 214.00-215.00 resistance
GBP/JPY edges higher on Friday, extending gains for a fifth straight day as the Japanese Yen (JPY) remains on the defensive against most of the major peers. Elevated Oil prices continue to weigh on the Yen, given Japan’s status as a major net importer.
GBP/JPY
Fxstreet
Fri, Apr 10
MXN: Dovish Banxico and depreciation outlook – Commerzbank
Commerzbank’s Michael Pfister and Norman Liebke note that Mexico’s latest inflation data and Banxico minutes support a dovish stance.
USD/MXN
Fxstreet
Fri, Apr 10
Germany Current Account n.s.a. rose from previous €17.1B to €22B in February
Germany Current Account n.s.a. rose from previous €17.1B to €22B in February
EUR/USD
Fxstreet
Fri, Apr 10
EUR/JPY extends gains on Ukraine peace hopes, nears YTD highs at 186.88
The Euro (EUR) appreciates against its main peers on Friday, boosted by news reporting that Russia and Ukraine might be close to a peace deal. The EUR/JPY has extended its rally from mid-March lows at 182.00 to 186.50 so far, bringing the year-to-date high at 186.88 into focus.
EUR/JPY
Fxstreet
Fri, Apr 10
Brazil IPCA Inflation registered at 0.88% above expectations (0.77%) in March
Brazil IPCA Inflation registered at 0.88% above expectations (0.77%) in March
Fxstreet
Fri, Apr 10
Pound Sterling rises on Russia-Ukraine peace optimism, US-Iran talks awaited
The Pound Sterling (GBP) trades higher against its major currency peers, except other European currencies, edging up to near 1.3444 against the US Dollar (USD) during the European trading session on Friday.
GBP/USD
Fxstreet
Fri, Apr 10
USD/JPY returns above 159.00 with Iran’s peace deal on tenterhooks
The US Dollar (USD) remains steady, relatively close to the key 160.00 level against the Japanese Yen (JPY) on Friday, as the fragility of the ceasefire in Iran has prompted investors to cut down US dollar shorts.
USD/JPY
Fxstreet
Fri, Apr 10
EUR: Tightening expectations support Euro – ING
ING’s Francesco Pesole highlights that markets now price only 6bp for a European Central Bank (ECB) hike on 30 April, while around 55bp remains priced by year-end.
EUR/CHF
EUR/USD
Fxstreet
Fri, Apr 10
AUD/USD eases to 0.7060 as optimism about Iran’s truce ebbs
The Australian Dollar (AUD) trims gains on Friday as the US-Iran peace truce staggers. Cautious markets feature a mild return to the US Dollar’s (USD) safety following a risk-on week, and pulling the AUD/USD down from three-week highs near 0.7090 to session lows around 0.7060 so far.
AUD/USD
Fxstreet
Fri, Apr 10
BRL: Hawkish tilt and supported real – Commerzbank
Commerzbank analysts Michael Pfister and Norman Liebke highlight that Brazil’s inflation edged higher in February, and they expect today’s March data to show another fairly sharp rise in prices.
Fxstreet
Fri, Apr 10
USD/CAD Price Forecast: Snaps four-day losing streak after attracting bids near 20-day EMA
The USD/CAD pair rebounds to near 1.3833 from the two-week low of 1.3805 on Friday after snapping a four-day losing streak.
USD/CAD
Fxstreet
Fri, Apr 10
AUD/JPY remains subdued near 112.50 due to risk-off mood
AUD/JPY edges lower after four days of losses, trading around 112.50 during the European hours on Friday. The currency cross remains subdued as the Australian Dollar (AUD) holds losses following the release of Chinese Consumer Price Index (CPI) data for March.
AUD/JPY
Fxstreet
Fri, Apr 10
GBP/JPY advances to fresh two-month high, eyes 214.00 as Middle East risks hit JPY
The GBP/JPY cross trades with a positive bias for the fifth consecutive day and hits a fresh one-month high, around the 133.85 area, during the early European session on Friday.
GBP/JPY
Fxstreet
Fri, Apr 10
EUR/USD retreats to 1.1685 as doubts about Iran’s peace process grow
The (EUR) has snapped a four-day rally against the US Dollar on Friday. The pair pulled back from monthly highs at 1.1720 on Thursday to 1.1685 at the time of writing, as investors' confidence in a peace deal between the US and Iran shakes.
EUR/USD
Fxstreet
Fri, Apr 10
CAD: Jobs data and BoC stance guide Loonie – ING
ING’s Francesco Pesole points to Canada’s March labour report as key for Bank of Canada (BoC) expectations, stressing that the unemployment rate matters more than volatile monthly payrolls.
USD/CAD
Fxstreet
Fri, Apr 10
Forex Today: Market volatility eases as focus shifts to US inflation data
Here is what you need to know on Friday, April 10:
Fxstreet
Fri, Apr 10
NZD/USD Price Forecast: Recovery hits pause around 0.5870 ahead of US-Iran talks
The NZD/USD pair corrects after a four-day winning streak, trading 0.25% lower to near 0.5845 during the early European trading session on Friday.
NZD/USD
Fxstreet
Fri, Apr 10
EUR/GBP edges up above 0.8700 on shaky markets
The Euro (EUR) holds moderate gains against the British Pound (GBP) on Friday.
EUR/GBP
Fxstreet
Fri, Apr 10
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