The Australian dollar (AUD) came under pressure again on Thursday as the US dollar (USD) found its footing, risk appetite faded and the broader market tilted defensively. The strong rally in the US dollar index (DXY) weighed on the Australian dollar, pushing AUD/USD down to 0.6415, the key support level in recent issues. At the time of writing, the pair is trading around 0.6418, hovering just above the intraday lows, as sellers test their resolve for recent support. The US dollar was supported by strong data, but long-term risks loom. The Australian dollar's pullback reflects different policy trajectories and economic signals. Not on Thursday.

The British pound (GBP) took wave-breaking price action against the U.S. dollar (USD) on Thursday, maintaining trading near the 1.3400 psychological barrier during the U.S. session as traders digested the latest business activity data on both sides of the Atlantic. The pair showed signs of indecision after 1.3468 back from three-year highs on Wednesday. On the other hand, the Dollar Index (DXY), which tracks the value of the greenback against six major currencies, recovered modestly from a two-week low to end a three-day losing streak, trading just below 100.00 points. In May, the U.S. economy performed strongly, and the S & P Global Composite Purchasing Managers Index (PMI) rose from April.

EUR/USD EUR/USD fell below 1.1300 on Thursday as US economic data was better than expected in May's Eurozone Flash Purchasing Managers Index (PMI) data. At the time of writing, EUR/USD is trading at 1.1271, down 0.55 percent. S. stocks slightly upbeat as President Donald Trump's "one big thing" passes the House of Representatives. Coming up, the Senate will discuss and tweak Trump's tax and spending cuts proposals before passing the bill. The news lifted the Greenback, with the S & P Global Purchasing Managers Index in the United States.

West Texas Intermediate (WTI), the U.S. crude benchmark, traded around $60.75 during Asian trading on Friday. WTI prices were lower on concerns that global supply could outpace demand growth. The Organization of Petroleum Exporting Countries and its allies (OPEC) plan to boost oil production to regain market share, which could limit the rise in WTI prices. Since April, OPEC's oil production has increased more than previously expected, and its output in May may increase by 411000 barrels per day. OPEC leaders are also considering a similar increase in July and could bring up to 2.2 million to the market by November.

The New Zealand dollar rose slightly to near 0.5900 in early Asian trading on Thursday. The upbeat New Zealand retail sales data provided some support for the New Zealand dollar (USD). Traders will be closely watching statements from Federal Reserve (Fed) officials later Friday, including Alberto Musalem,Jeff Schmid and Lisa Cook. New Zealand retail sales were stronger than expected in the first quarter (Q1) as the rate cut triggered an improvement in consumer demand and confidence. According to official figures released by Statistics New Zealand on Friday, the country's first-quarter retail sales topped

AUD/JPY continues to weaken as the Japanese yen strengthens due to growing expectations of a rate hike by the Bank of Japan. The Bank of Japan's Ueda said further rate hikes remained on the table if inflation trends were in line with the bank's forecasts. The People's Bank of China chose to keep its LPR unchanged, keeping the one-year and five-year rates at 3.10 percent and 3.60 percent, respectively. AUD/JPY extended its losses for the second consecutive trading day, hovering near the 90.40 during Monday's European trading session. The yen (JPY) continues to strengthen, helped by rising expectations that the Bank of Japan (BoJ) will stick to a rate hike. Day

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