Commerzbank’s Thu Lan Nguyen and Carsten Fritsch note that Gold has stabilized around USD 5,200 per troy ounce, supported by political uncertainty over US tariffs and the US–Iran conflict. ETF inflows underline safe-haven demand, while high prices are curbing physical buying in India.

Germany Consumer Price Index (YoY) below expectations (2%) in February: Actual (1.9%)

Russia Central Bank Reserves $ down to $797.2B from previous $806.1B

Germany Consumer Price Index (MoM) registered at 0.2%, below expectations (0.5%) in February

Germany Harmonized Index of Consumer Prices (YoY) came in at 2% below forecasts (2.1%) in February

Germany Harmonized Index of Consumer Prices (MoM) below forecasts (0.5%) in February: Actual (0.4%)

BNY's Head of Markets Macro Strategy Bob Savage highlights that the U.S. Dollar has remained in a 95–99 range even as the LME Metals Index has surged, breaking a long-standing negative correlation.

Brown Brothers Harriman's (BBH) Elias Haddad notes USD/CAD is directionless around 1.3675 ahead of Canada’s Q4 GDP release, with consensus expecting a modest contraction versus the Bank of Canada’s stall forecast.

Gold (XAU/USD) consolidates with mild losses on Friday, as momentum stalls within this week’s established range.

Mexico Trade Balance s/a, $ fell from previous $-0.86B to $-1.248B in January

South Africa Trade Balance (in Rands) fell from previous 23.18B to 9.31B in January

Mexico Trade Balance, $ registered at $-6.481B, below expectations ($-2.2B) in January

Brazil Mid-month Inflation came in at 0.84%, above expectations (0.6%) in February

The Japanese Yen (JPY) surrenders half of its early gains against the US Dollar (USD) during the European trading session on Friday. The USD/JPY pair rebounds to near 155.90 as the JPY falls back, but is still 0.15% down.

Jan von Gerich at Nordea notes that US data flow has been light, but a December upside surprise in core PCE suggests price pressures may be easing more slowly than CPI implies.

India FX Reserves, USD dipped from previous $725.73B to $723.61B in February 16

TD Securities’ Global Strategy Team forecasts Canadian real GDP to contract by 0.4% annualized in Q4, driven by weaker domestic demand, falling household goods consumption and softer housing activity, partly offset by government spending and net exports.

The United States (US) Producer Price Index (PPI) data for January is due for release today at 13:30 GMT.

Societe Generale analysts note that EUR/GBP has rebounded from an interim low near 0.8610 and quickly reclaimed its 200‑DMA, suggesting limited downside momentum.

Portugal Gross Domestic Product (QoQ) came in at 0.9%, above expectations (0.8%) in 4Q

Portugal Gross Domestic Product (YoY) in line with forecasts (1.9%) in 4Q

Ireland Retail Sales (MoM) up to 1.5% in January from previous -0.4%

Ireland Retail Sales (YoY) increased to 3% in January from previous -0.1%

The Indian Rupee (INR) trades firmly against the US Dollar (USD) in the late trading hours in India on Friday. The USD/INR pair holds onto gains near 91.30 as the Indian stock market struggles to attract foreign investment.

USD/CHF trades around 0.7730 on Friday at the time of writing, down 0.21% on the day, after posting modest gains in the previous session. The pair weakens as the Swiss Franc (CHF) attracts safe-haven flows amid renewed geopolitical tensions and persistent uncertainty surrounding global trade.

The EUR/USD pair trades flat around 1.1800 during the European trading session on Friday. The major currency pair consolidates as the US Dollar (USD) wobbles ahead of the United States (US) Producer Price Index (PPI) data for January, which will be published at 13:30 GMT.

India Federal Fiscal Deficit, INR: 9814.07B (January) vs 8558.42B

India Gross Domestic Product Quarterly (YoY) came in at 7.8%, above forecasts (7.2%) in 4Q

Greece Producer Price Index (YoY) dipped from previous -2.1% to -3.7% in January

Italy Trade Balance non-EU dipped from previous €8.385B to €2.124B in January