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The Dow Jones Industrial Average (DJIA) is trading moderately higher on Friday with Wall Street indexes mixed on looming geopolitical concerns.
The Mexican Peso remains on the defensive after plummeting close to 5% against the US Dollar during the overnight session for North American traders.
The Canadian Dollar (CAD) is trading higher for the third consecutive session on Friday and is on track for a moderate weekly recovery after a sharp sell-off over the previous two weeks.
Federal Reserve Bank of Chicago President Austan Goolsbee argued on Friday that it would make sense to wait to get more clarity on the inflation outlook before taking a policy step.
"I have become more confident in the evidence that risks to persistence in domestic inflation pressures are receding," Bank of England Deputy Governor Dave Ramsden on Friday, per Reuters.
The AUD/USD pair holds gains above the round-level support of 0.6400 in Friday’s early New York session.
USD/JPY is trading in the 154.50s on Friday after declining to a low for the day in the 153.00s on the back of a spike in safe-haven demand that disproportionately favored the Japanese Yen (JPY).
European Central Bank (ECB) President Christine Lagarde reiterated on Friday that it would be appropriate to reduce the current level of monetary policy restriction if the inflation criteria are met, per Reuters.
The NZD/USD pair turns sideways slightly below 0.5900 in Friday’s European session after recovering sharply from the crucial support of 0.5860.
EUR/GBP price is in a sideways trend which has unfolded over three months.
Mexico Retail Sales (YoY) climbed from previous -0.8% to 3% in February
Mexico Retail Sales (MoM) increased to 0.4% in February from previous -0.6%
Silver price (XAG/USD) falls back while attempting to recapture crucial resistance of $29.00 in Friday’s European session.
India Bank Loan Growth: 19.9% (April 1) vs previous 20.2%
India FX Reserves, USD down to $643.16B in April 8 from previous $648.56B
Gold price (XAU/USD) faces pressure to recapture new all-time highs around $2,430 in Friday’s European session.
USD/CAD is trading in the 1.3750s after edging lower on Friday.
The US Dollar Index (DXY), which tracks the US Dollar against a basket of six major currencies, eases and gives up earlier gains driven by the reports of the attack from Israel on Iran, confirmed by US officials.
Oil prices jumped higher on early Friday trading after Israel retaliated against Iran by attacking targets in the Western of the country, two US officials confirmed to Bloomberg.
The Mexican Peso (MXN) is trading in the 17.30s on Friday after an extremely volatile 24 hours in which the currency depreciated by over five percentage points in some pairs as a result of a mass exodus to safety.
Silver prices (XAG/USD) rose on Friday, according to FXStreet data.
Gold prices rose in India on Friday, according to data from India's Multi Commodity Exchange (MCX).
USD/CHF trades around 0.9080 during the European hours on Friday.
EUR/USD is trading in the lower 1.0600s at the time of writing, after recovering slightly from an early bout of weakness.
Greece Current Account (YoY) down to €-3.161B in February from previous €1.703B
USD/JPY reverses its losses as a senior Iranian official reportedly stated that there is no immediate plan for retaliation against the Israeli missiles strike on Iran on Friday, as per a Reuters report.
The Pound Sterling (GBP) finds a temporary support near almost five-month low around 1.2400 in Friday’s London session.
Here is what you need to know on Friday, April 19: Safe-haven flows dominate the action in financial markets on the last trading day of the week as investors seek refuge on growing fears over a deepening conflict in the Middle East.
The GBP/JPY cross edges lower to 191.72 during the early European session on Friday.
FX option expiries for Apr 19 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0500 575m 1.0570 618m 1.0600 650m 1.0640 1b 1.0645 905m 1.0675 625m - USD/JPY: USD amounts 155.00 2b - AUD/USD: AUD amounts 0.6400 467m 0.6415 900m 0.6420 472m - USD/CAD: USD amounts 1.3700 1.8b 1.3775 789m 1.3820 514m .
The UK Retail Sales came in at 0% over the month in March vs.
Germany Producer Price Index (MoM) above forecasts (0%) in March: Actual (0.2%)
United Kingdom Retail Sales (YoY) rose from previous -0.4% to 0.8% in March
United Kingdom Retail Sales ex-Fuel (YoY) up to 0.4% in March from previous -0.5%
United Kingdom Retail Sales ex-Fuel (MoM): -0.3% (March) vs previous 0.2%
Germany Producer Price Index (YoY) climbed from previous -4.1% to -2.9% in March
United Kingdom Retail Sales (MoM) below expectations (0.3%) in March: Actual (0%)
The NZD/USD pair remains under selling pressure around 0.5880 on Friday during the early European session.
USD/CAD pares its intraday gains, trading around 1.3780 during the Asian session on Friday.
The Australian Dollar (AUD) extends losses for the second consecutive day on Friday, as riskier assets face pressure due to heightened risk aversion across financial markets.
Indian Rupee (INR) trades on a weaker note on Friday amid geopolitical fears and foreign fund outflows.
Gold price surges to nearly $2,410 per troy ounce during the Asian session on Friday.
Western Texas Intermediate (WTI), the US crude oil benchmark, is trading around $85.00 on Friday.
Risk-aversion is in full swing across the financial markets after ABC News confirmed reports that Israeli missiles struck a site in Iran, leading to further escalation in the Middle East geopolitical tensions.
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Friday at 7.1046 as compared to the previous day's of 7.1020.
AUD/JPY continues to decline for the second consecutive session following the release of Japan's inflation data on Friday.
The USD/JPY pair attracts some sellers around 154.15 on Friday during the early Asian trading hours.
The GBP/USD pair remains on the defensive near 1.2430 during the early Asian session on Friday.
Japan’s National Consumer Price Index (CPI) for March climbed 2.7% YoY, compared to a 2.8% uptick in February, according to the latest data released by the Japan Statistics Bureau on Friday.
Japan National CPI ex Fresh Food (YoY) came in at 2.6%, below expectations (2.7%) in March
Japan National CPI ex Food, Energy (YoY) down to 2.9% in March from previous 3.2%
Japan National Consumer Price Index (YoY) meets expectations (2.7%) in March
Bank of Japan (BoJ) Governor Kazuo Ueda spoke in a press conference after attending the Group of 20 (G20) finance leaders' meeting in Washington on Thursday.
The Aussie Dollar is on the defensive against the US Dollar, as Friday’s Asian session commences.
The EUR/USD pair extends its downside around 1.0640 after retreating from weekly peaks of 1.0690 on Friday during the early Asian session.
The NZD/JPY is trading slightly lower at around 91.23. It seems the firm grip buyers had over the market is dwindling, yet the pair doggedly persists above crucial Simple Moving Averages (SMAs).