FXStreet (Bali) - Uneventful Asian session with no economic indicators to take of, which led G10 currencies to enter consolidation phases post the US NFP, ECB rate call, RBA Stevens jawboning-inspired swings.



AUD/USD opened the session around 0.9350 following a low of 0.9328 on Thursday, with some profit-taking ahead of the weekend taking the rate a few pips higher towards 0.9360 in a very slow fashion.



USD/JPY's strong bullish momentum failed to extend, with Japanese traders finding no new triggers nor clues from the Nikkei, which still struggles to break level of supply through 14,450-500, ending the session circa +0.5%.



NZD/USD has been holding quite impressively... or not that surprising if we consider the current allure towards high-yielding currencies. Hard not to continuously find dip buyers in a currency going through a rate hike cycle.



The rest of currencies, including the EUR/USD and GBP/USD were mostly unchanged in what is expected to be a slow Friday, given that US traders will be taking the day off celebrating Independence Day.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EUR/USD July Rebound at Risk on Hawkish FOMC

  2. Forex News

    EUR/USD hits fresh lows ahead of Fed statement

  3. Forex News

    GBP/USD hits 4-week highs, nears 1.5700

  4. Forex News

    US Dollar Risks to the Downside on a Break of these Key Levels

  5. Forex News

    USD/JPY stalls even though Treasury yields rise

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!