The Pound Sterling (GBP) turns sideways in Friday’s American session after posting a fresh monthly high at 1.2700 on Thursday.

EUR/USD drops to 1.0840 in Friday’s European session as market sentiment over upcoming interest-rate cuts turns slightly cautious after Federal Reserve (Fed) policymakers supported keeping the monetary policy stance restrictive for a longer period.

The Mexican Peso (MXN) trades broadly unchanged in its key pairs on Friday, with USD/MXN flatlining as the US Dollar (USD) stabilizes after its recent sell-off and market sentiment remains relatively calm heading into the weekend.

EUR/GBP has continued falling within a multi-month range that began in January 2024.

The US Dollar (USD) is continuing its recovery on Friday for a second day in a row after the steep decline seen on Wednesday, which marked this week for the Greenback. Markets have priced

The Japanese Yen (JPY) trades flat for the week, posting a second day of losses against the  US Dollar (USD) on Friday. The JPY is struggling against the Dollar during the latter part of the

Canada Canadian Portfolio Investment in Foreign Securities increased to $35.61B in March from previous $24.19B

Canada Foreign Portfolio Investment in Canadian Securities came in at $14.37B, above forecasts ($3.51B) in March

The USD/JPY pair extends its recovery to 156.00 in Friday’s European session.

India Bank Loan Growth up to 19.6% in April 29 from previous 19%

India FX Reserves, USD increased to $644.15B in May 6 from previous $641.59B

Gold price (XAU/USD) is trading three-tenths of a percent higher on Friday, in the $2,380s, helped by positive data from China that brightened the prospects for the country with the world’s largest market for Gold.

The USD/CAD pair rises further to 1.3640 in Friday’s European session.

AUD/USD reached a key upside target on May 16 and has retraced.

Federal Reserve (Fed) policymakers are scheduled to deliver speeches on Thursday as investors reassess the interest rate outlook following the April Consumer Price Index (CPI) data.

Eurozone Harmonized Index of Consumer Prices (YoY) in line with expectations (2.4%) in April

Eurozone Harmonized Index of Consumer Prices (MoM) in line with forecasts (0.6%) in April

Eurozone Core Harmonized Index of Consumer Prices (MoM) remains unchanged at 0.7% in April

Eurozone Core Harmonized Index of Consumer Prices (YoY) meets forecasts (2.7%) in April

AUD/JPY hovers around 103.70 during the European trading hours on Friday.

Silver prices (XAG/USD) rose on Friday, according to FXStreet data.

Gold prices fell in India on Friday, according to data from India's Multi Commodity Exchange (MCX).

FX option expiries for May 17 NY cut at 10:00 Eastern Time, via DTCC, can be found below - EUR/USD: EUR amounts 1.0675 753m 1.0725 652m 1.0740 494m 1.0775 825m 1.0800 601m 1.0810 813m 1.0820 685m 1.0825 500m 1.0850 3b 1.0875 1.2b 1.0915 1.1b - GBP/USD: GBP amounts 1.2475 550m - USD/CHF: USD amounts 0.9000 605m - USD/CAD: USD amounts 1.3600 508m 1.3675 887m 1.3725 924m 1.3735 585m - USD/JPY: USD amounts 152.50 1.1b 153.60 842m 154.00 2b 154.80 500m 155.00 2b 155.50 891m 156.00 791m 156.35 538m 156.60 475m

USD/CHF extends its gains for the second day, trading around 0.9080 during the early European hours on Friday.

The Australian Dollar (AUD) continues to experience a decline for the second consecutive session, largely influenced by recent mixed economic data from China released on Friday.

Austria HICP (MoM) in line with expectations (0.2%) in April

Austria HICP (YoY): 3.4% (April) vs previous 4.1%

Here is what you need to know on Friday, May 17: Following the sharp decline seen after April inflation data on Wednesday, the US Dollar Index managed to stage a modest rebound on Thursday and closed the day in positive territory.

The gold price (XAU/USD) trades with a bearish bias on Friday after retreating from the nearly $2,400 barrier.

The EUR/JPY cross extends the rally around 169.20 during the early European trading hours on Friday.