EUR/USD slips to 1.1600 as firm US data dampens Fed easing hopes

EUR/USD drops even though the Dollar pared some of its earlier gains on Friday sparked by solid US economic data releases in the week, which has improved the outlook for the labor market. This trimmed the chances for further easing by the Federal Reserve, a tailwind for the Greenback.

Gold slides below $4,600 as profit-taking grows, Fed cut doubts rise

Gold (XAU/USD) registers losses of over 0.70% on Friday as traders take profits, as in the last two weeks, data in the US has shown the labor market is not as weaker as expected.

AUD/USD slips as resilient US data dim hopes for early Fed cuts

The Australian Dollar (AUD) trades on the back foot against the US Dollar (USD) on Friday, as resilient US economic data and hawkish-leaning Federal Reserve (Fed) rhetoric keep the Greenback firmly supported.

Forecasting the upcoming week: Inflation is key to the FX market

The US Dollar (USD) lacked directional momentum this week amid geopolitical and local uncertainty.

USD/JPY drops to 158.00 on Yen strength, intervention fears

USD/JPY trades lower around 158.00 on Friday at the time of writing, down 0.40% on the day, as the Japanese Yen (JPY) regains some traction against the US Dollar (USD).