The Mexican Peso counterattacks registered solid gains versus the US Dollar on Friday as economic data from the United States (US) showed that inflation edged slightly up, while Mexico’s Trade Balance registered a trade deficit in March.

The Canadian Dollar (CAD) is taking a back seat to broader market flows on Friday as investor focus remains pinned on decaying hopes for a rate cut from the Federal Reserve (Fed).

The Dow Jones Industrial Average (DJIA) churned on Friday before pushing into the high end for the day as investors shake off still-high US Personal Consumption Expenditure (PCE) Price Index inflation.

The EUR/JPY rallies toward the 169.00 figure yet remains shy of breaching it as risk appetite improves, as Wall Street depicts.

GBP/JPY touched chart territory above 197.00 for the first time since September of 2008 as markets meet the Bank of Japan (BoJ) head-on and batter the Yen into decades-long lows.

United States CFTC Gold NC Net Positions up to $202.9K from previous $201.9K

Japan CFTC JPY NC Net Positions declined to ¥-179.9K from previous ¥-165.6K

Eurozone CFTC EUR NC Net Positions: €-10K vs previous €12.2K

United States CFTC S&P 500 NC Net Positions down to $67.7K from previous $74.1K

United Kingdom CFTC GBP NC Net Positions dipped from previous £8.6K to £-26.2K

Australia CFTC AUD NC Net Positions rose from previous $-101.1K to $-96.2K

United States CFTC Oil NC Net Positions declined to 264.8K from previous 290.5K

Silver's price dropped 0.79% after hitting a daily high of $27.73, as another inflation report in the United States showed warmer-than-expected inflation.

United States Baker Hughes US Oil Rig Count dipped from previous 511 to 506

During the mid-North American session, the Pound Sterling retreats and registers losses against the US Dollar, slumping below 1.2500.

The Greenback transited another week where data releases and expectations of interest rate cuts by the Federal Reserve remained at the centre of the debate.

The Japanese Yen (JPY) languishes near a multi-decade low against its American counterpart during the Asian session on Friday as traders keenly await the outcome of the highly-anticipated Bank of Japan (BoJ) policy meeting.

Gold price (XAU/USD) falls from $2,350 in Friday’s early New York session as the United States annual core Personal Consumption Expenditure Price Index (PCE) data for March has remained above estimates.

The US Dollar (USD) is trading stronger in the run up to the last bit of economic data for this week, after it was all over the place on Thursday after the release of the preliminary US Gross Domestic Product (GDP) for the first quarter. The USD first

EUR/USD trades in the 1.0740s on Friday, ahead of key data out of the US in the form of the March core Personal Consumption Expenditures Price Index (PCE), the US Federal Reserve’s (Fed) preferred gauge of inflation.

The Pound Sterling (GBP) faces selling pressure near 1.2500 against the US Dollar (USD) in Friday’s early American session.

United States UoM 5-year Consumer Inflation Expectation meets expectations (3%) in April

United States Michigan Consumer Sentiment Index came in at 77.2 below forecasts (77.8) in April

Silver price (XAG/USD) remains stuck in a tight range around $27.60 in Friday’s American session.

AUD/USD trades in the 0.6540s as it continues rallying after the release of US core Personal Consumption Expenditures Price (PCE) Index data for March.

Natural Gas (XNG/USD) prices are holding ground above $2.00 on Friday after a brief dip earlier this week. Gas prices are quickly recovering as mainland Europe is gearing up for the next heating season, with traders starting to negotiate contracts in

The core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s (Fed) preferred inflation measure, will be published on Friday by the US Bureau of Economic Analysis (BEA) at 12:30 GMT.

United States Core Personal Consumption Expenditures - Price Index (MoM) meets forecasts (0.3%) in March

United States Personal Consumption Expenditures - Price Index (YoY) above expectations (2.6%) in March: Actual (2.7%)

United States Personal Spending came in at 0.8%, above forecasts (0.6%) in March