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

    Video: AUDUSD, GBPUSD and USDJPY Better Trade Options Than EURUSD

  2. Forex News

    Greece Referendum Makes for Big Headlines, Difficult Trading

  3. Forex News

    What to Expect From the Greek Referendum

  4. Forex News

    Global Equity Markets Look Unsettled, China Is Tumbling

  5. Forex News

    EUR/USD looks to Greece for direction

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!