New York Federal Reserve Bank (Fed) President John Williams said on Friday that price stability is foundational for the Fed, per Reuters.

EUR/USD rebounds to near 1.1260 during North American trading hours on Friday from over a three-week low around 1.1200 earlier in the day.

The Mexican Peso (MXN) is strengthening against the US Dollar (USD) in Friday’s European session, as Federal Reserve speakers and US-China trade talks overshadow weak Consumer Confidence data out of Mexico for April.

Canada Participation Rate up to 65.3% in April from previous 65.2%

Canada Unemployment Rate registered at 6.9% above expectations (6.8%) in April

Canada Net Change in Employment above forecasts (2.5K) in April: Actual (7.4K)

The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is quickly reversing course this Friday ahead of the United States (US) trade talks with China in Switzerland over the weekend.

Gold (XAU/USD) edges up near 1.0% on Friday and heads back above $3,335 at the time of writing. The additional leg higher comes after United States (US) President Donald Trump called upon China to open its markets for the US, adding that an 80% tariff on Chinese goods 'seems right', Trump added.

The price of gold fell below $3,300 per troy ounce overnight, after it rose above the $3,400 mark on Tuesday, marking its highest level since reaching a record high two weeks earlier, Commerzbank's commodity analyst Carsten Fritsch notes.

The Euro (EUR) is entering Friday’s NA session with a modest 0.2% gain, still trading below 1.13 but seeing a solid recovery from a short lived decline to 1.12, Scotiabank's Chief FX Strategist Shaun Osborne notes.

Mexico Consumer Confidence down to 45.5 in April from previous 64.1

Mexico Consumer Confidence s.a fell from previous 46 to 45.3 in April

Brazil IPCA Inflation fell from previous 0.56% to 0.43% in April

Room for US Dollar (USD) to continue to rise against the Chinese Yuan (CNH), but it does not appear to have enough momentum to break above 7.2600.

Federal Reserve (Fed) Governor Adriana Kugler told Bloomber TV on Friday that the policy rate is currently moderately restrictive and added that it makes sense to maintain it.

Chinese refineries continued to import large quantities of crude oil in April, Commerzbank's commodity analyst Carsten Fritsch notes.

The Canadian Dollar (CAD) is entering Friday’s NA session trading flat vs. the US Dollar (USD) as it consolidates this week’s post-Fed losses.

Kazakhstan continues to produce significantly more oil than agreed and apparently has no plans to reduce production in May, Commerzbank's commodity analyst Carsten Fritsch notes.

G10 FX performance is varied heading into Friday’s NA session as most currencies claw back a portion of this week’s post-Fed losses against the US Dollar (USD).

In a post published on Truth Social on Friday, United States (US) President Donald Trump said 80% tariffs on Chinese goods "seems right."

The AUD/USD pair recovers initial losses and rises above the key level of 0.6400 during European trading hours on Friday.

Scope for US Dollar (USD) to rise further vs Japanese Yen (JPY); overbought conditions suggest any advance might not be able to break above 146.55.

India FX Reserves, USD down to $686.06B in April 28 from previous $688.13B

US Dollar (USD) short covering gathered pace vs. safe haven proxies. USDJPY was last at 145.30 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Gold faces consolidation after stalling near $3500, with a lower high at $3435 and weakening momentum suggesting a temporary pause in the uptrend, Société Générale's FX analysts note.

The Pound Sterling (GBP) outperforms its peers, except the Japanese Yen (JPY), on Friday.

The USD/CAD pair holds onto gains made on Thursday around 1.3920 during European trading hours on Friday. The Loonie pair performs strongly as the US Dollar (USD) strengthens on multiple tailwinds.

New Zealand Dollar (NZD) could weaken further against US Dollar (USD), but it might not be able to break clearly below 0.5870. In the longer run, bias for NZD is tilted to the downside toward 0.5870, potentially reaching 0.5835, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

US Dollar (USD) short squeeze gained traction and broadened against more currencies from safe haven to procyclical FX. MYR, Gold, JPY and THB led losses.

Richmond Federal Reserve Bank President Thomas Barkin said on Wednesday that they are watching the consumer activity most closely because that's the biggest part of the economy, per Reuters.