FXStreet

USD/IDR gains ground after two days of losses, trading around 18,140 during Asian hours on Friday. The pair appreciates as the Indonesian Rupiah (IDR) faces headwinds from shifts in Asian foreign exchange markets, largely driven by global risk sentiment and tech-sector volatility.

Hyperliquid (HYPE) dropped 8% on Friday after Hyperliquid Strategies (PURR) filed an application to become a futures commission merchant (FCM), seeking regulatory approval to bring perpetual futures markets to US customers.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains positive traction for the second straight day on Friday, extending its recovery from the $86.00 mark, or an over two-month low, touched the previous day.

The EUR/USD pair trades on a weaker note around 1.1195 during the early European trading hours on Friday. Markets might turn cautious later in the day ahead of the German Industrial Production, Eurozone Retail Sales and US employment reports, which are due later on Friday.

USD/CHF remains flat after recovering daily losses, trading around 0.8170 during Asian hours on Friday. The pair has pared its daily losses as the US Dollar (USD) gained support amid widespread market caution.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, gains some follow-through positive traction during the Asian session on Friday, recovering further from its lowest level since late September set the previous day.

The AUD/JPY cross trades in negative territory around 108.90 during the early European trading hours on Friday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) on safe-haven flows and Bank of Japan (BoJ) rate hike signals.

Gold prices fell in India on Friday, according to data compiled by FXStreet.

Gold (XAU/USD) attracts fresh sellers after failing to find acceptance above the $4,100 mark during the Asian session on Friday, extending the previous day's retracement slide from a two-week high.

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) face renewed selling pressure in the second half of this week amid concerns that Democrats' control of both chambers of the US Congress could lead to tighter crypto and Artificial Intelligence (AI) regulations.

EUR/JPY loses ground for the second consecutive day, trading around 176.80 during Asian hours on Friday. The technical analysis of the daily chart suggests that the currency cross is remaining within a descending channel pattern, indicating a prevailing bearish bias.

Zcash (ZEC) shows resilience above $1,300 on Friday, defying the broader cryptocurrency market sell-off, which saw over $1 billion in liquidations the previous day.

AUD/USD remains subdued after registering over 1% losses the previous day, trading around 0.6910 during Asian hours on Friday.

The NZD/USD pair attracts some sellers to near 0.5585 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) extends its downside against the US Dollar (USD) due to soft employment data and political uncertainty in New Zealand.

Silver (XAG/USD) attracts some buyers near the $51.25 region during the Asian session on Friday, stalling the previous day's retracement slide from the vicinity of mid-$53.00s, or a one-week high.

The USD/JPY pair stages a modest recovery from the 157.25 area, or fresh weekly touched during the Asian session on Friday, and climbs to the 158.00 neighborhood in the last hour.

The EUR/USD pair loses ground to near 1.1215 during the early Asian session on Friday, pressured by a cautious mood. However, the potential downside for the pair might be limited amid the hawkish stance from the European Central Bank (ECB).

USD/CAD moves little after registering modest gains in the previous day, hovering around 1.4010 during Asian hours on Friday. The pair may lose ground as the commodity-linked Canadian Dollar (CAD) gains support from higher oil prices.

The GBP/USD pair attracts some dip-buyers during the Asian session on Friday, stalling the previous day's retracement slide from levels just above the 1.3500 psychological mark, or its highest level since mid-September.