EUR/USD trades slightly higher to near 1.1200 during North American trading hours on Friday.

The Mexican peso (MXN) is consolidating against the US dollar (USD) on Friday after recovering some of the ground lost on Thursday after the Banco de Mexico (Banxico) decided to cut interest rates, as expected.

The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, is trading flat around 100.80. The DXY is for now able to avoid a weekly loss while market participants are starting to raise questions over the stability of the Greenback.

United States Import Price Index (MoM) came in at 0.1%, above expectations (-0.4%) in April

United States Import Price Index (YoY) down to 0.1% in April from previous 0.9%

United States Export Price Index (YoY) fell from previous 2.4% to 2% in April

Canada Foreign Portfolio Investment in Canadian Securities came in at $-4.23B below forecasts ($5.2B) in March

Canada Canadian Portfolio Investment in Foreign Securities down to $15.63B in March from previous $27.15B

United States Building Permits Change dipped from previous 1.6% to -4.7% in April

United States Building Permits (MoM) registered at 1.412M, below expectations (1.45M) in April

United States Housing Starts (MoM) came in at 1.361M, below expectations (1.37M) in April

United States Housing Starts Change rose from previous -11.4% to 1.6% in April

United States Export Price Index (MoM) above expectations (-0.5%) in April: Actual (0.1%)

USD/CAD is trading flat around 1.3960 at the time of writing on Friday, showing little to no directional bias as the pair remains confined within a narrow weekly range.

EUR/USD is extending its recent, quiet consolidation around 1.12 and trading with modest support into Friday’s NA session, Scotiabank's Chief FX Strategist Shaun Osborne notes.

The Canadian Dollar (CAD) is entering Friday’s NA session flat vs. the USD as it consolidates around the midpoint of this week’s range, Scotiabank's Chief FX Strategist Shaun Osborne notes.

A market-leading refiner of Platinum group metals headquartered in London yesterday published its new forecasts for the supply and demand of Platinum group metals, Commerzbank's commodity analyst Carsten Fritsch notes.

Markets are quiet heading into Friday’s NA session with limited movement across most of the G10 currencies and minimal dispersion in terms of performance, aside from NZD (outperforming on higher than expected inflation expectation data) and SEK (underperforming in response to Riksbank Gov.

Gold (XAU/USD) price trades on the backfoot, trading at $3,178 at the time of writing on Friday while multiple questions and concerns arise in markets and amongst traders.

The Pound Sterling (GBP) rises further to near 1.3330 against the US Dollar (USD) in Friday’s European session, extending Thursday’s upside move.

India Bank Loan Growth down to 9.9% in April 28 from previous 10.3%

India FX Reserves, USD climbed from previous $686.06B to $690.62B in May 5

The AUD/USD pair is slightly higher to near 0.6420 during European trading hours on Friday, but is inside Thursday’s trading range. The Aussie pair is expected to trade broadly sideways as investors await the Reserve Bank of Australia’s interest rate decision, which will be announced on Tuesday.

"The price of Gold went on a bit of a rollercoaster ride on Thursday, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.

OPEC has also confirmed its forecasts for Oil demand, Commerzbank's commodity analyst Carsten Fritsch notes.

Silver price (XAG/USD) falls sharply to near $32.30 during European trading hours on Friday. The white metal is down over 1% as investors become increasingly confident about a trade deal between the United States (US) and China.

The International Energy Agency (IEA) has left its forecast for the increase in global Oil demand virtually unchanged. It expects growth of 740 thousand and 760 thousand barrels per day this year and next year respectively. However, demand momentum is expected to slow over the course of the year.

The price of Gold has come under considerable pressure in recent days, Commerzbank's commodity analyst Carsten Fritsch notes.

The UK government is aiming to build on recent momentum after trade deals with the US and India. The UK-EU summit on 19 May presents an opportunity to start reducing non-tariff barriers.

Oil prices rose significantly earlier this week, before falling again recently, Commerzbank's commodity analyst Carsten Fritsch notes.