The Euro maintains its bullish trend whilst the Dollar’s recovery attempt stalls. Investors bets on Fed cuts in 2024 keep USD buyers in check. US data released on Thursday strengthened the case for a soft landing in Q4. (FXStreet)

USD/JPY ticks higher on a light trading season and approaches 142.00. The Greenback is trading at intra-day highs nearing previous support at the 141.90 area. The US Dollar Index is resuming its recovery on thin holiday trade. Longer-term, the downtrend from mid-November highs remains intact. (FXStreet)

NZD/USD may revisit the five-month high at 0.6369 as the Kiwi Dollar cheers risk-on mood. The market sentiment is biased toward the dovish Fed’s stance following the lower US bond yields. RBNZ may maintain a hawkish stance due to the improved Consumer Confidence and Business Confidence data for November. (FXStreet)

GBP/USD retraces its recent losses as the US Dollar seems to lose ground. The Greenback failed to stay in the positive territory on downbeat US bond yields. Softer US data reinforces the bets on the dovish Fed outlook on interest rate trajectory. Pound Sterling cheers on the expectation of the BoE to maintain a restrictive stance. (FXStreet)

Australian Dollar gains ground amid weaker US Dollar. Australian central bank’s future interest rate decisions will be data-dependent. Downbeat US economic data reinforces the bets on a dovish Fed outlook. (FXStreet)

USD/CHF trades lower as the Greenback weakens on improved risk appetite. Lower US bond yields indicate a strong bias toward easing of Fed’s tightening. Swiss Franc gains ground on heightened risk aversion due to Middle East conflict. (FXStreet)

USD/CAD attracts some buyers around 1.3230 on the modest USD rebound. A decline in oil prices weighs on the commodity-linked Loonie. The US Initial Jobless Claims figure for the third week of December fell short of expectations. Traders await the December’s Chicago Purchasing Managers' Index (PMI). (FXStreet)

USD/CNH attracts some sellers around 7.0990 amid the quiet session on Friday. The bearish outlook remains intact as the pair holds below the key EMA on the daily chart. The initial support level will emerge at 7.0668; the first resistance level is located at 7.1206. (FXStreet)

USD/MXN retraces its recent gains as US Dollar fails to continue gaining. Mexico's Jobless Rate remained consistent at 2.7% against the expected 2.6% in November. The downbeat US data pushed the market bias toward the dovish Fed’s outlook in early 2024. (FXStreet)

Indian Rupee holds positive ground despite the mild recovery of the USD. RBI’s Das said that India is one of the world’s fastest-growing major economies with a rising potential growth profile. The December’s US Chicago Purchasing Managers’ Index (PMI) is due on Friday. (FXStreet)

WTI prices trade in negative territory for the third consecutive day on Friday. The concern about shipping disruptions due to tensions in the Red Sea has started to fade. EIA reported that crude inventories fell by more than expected last week. (FXStreet)

The US major equity index is inches away from new all-time highs. A late-day pullback sparked by rising Treasury yields pushed assets lower. 2023 set for deja vu with the S&P challenging familiar peak levels. (FXStreet)

Gold price demonstrates strength as US Dollar faces challenges on improved market sentiment. The investor risk appetite improves as softer US data backs the Fed to be dovish in the upcoming policy meetings. The downbeat US bond yields represent investors' mood bias toward lowered Fed’s policy rates anytime soon. (FXStreet)

Source: FXStreet

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