The dollar's decline by 1% this week marks its most significant drop in nearly three months, with all eyes on tonight's U.S. jobs data as the next pivotal moment for the currency. This downward shift in the dollar, coupled with a buoyant risk sentiment, has propelled the Aussie above the $0.6600 threshold.
Notably, this week's record highs for both gold and bitcoin underscore the dollar's susceptibility to market forces.
Meanwhile, the euro has reached a two-month peak, poised for its strongest performance against the dollar in months, despite the European Central Bank (ECB) signaling a potential rate cut in June and revising down its inflation forecast on Thursday.
In the oil market, prices saw an uptick on Friday, driven by increased demand from major consumers like the United States and China, with West Texas Intermediate crude futures climbing by 0.9%.

Asia Pacific
While much of the world focuses on easing monetary policies, Japan appears to be contemplating a different trajectory with hints of a rate hike. Bank of Japan (BOJ) officials have adopted a more hawkish stance, expressing confidence in the country's progress towards achieving the BOJ's 2% inflation target, just ahead of the central bank's policy meeting on March 18-19.
The dollar has completed its consolidation phase against the Yen and is now testing support levels in the 146.00-146.70 range.
Meanwhile, the Aussie has surpassed resistance levels between 0.6600-0.6620 but may encounter further resistance within the 0.6680-0.6730 range.

Europe
The Euro is striving to advance, though it faces several resistance levels, particularly noticeable on Fridays due to traders closing positions ahead of the weekend.
Sterling is attempting to establish a foothold above the recent resistance zone near the 1.28 mark.

America
Anticipation surrounds the release of U.S. jobs data, although it would require exceptionally robust figures to alter the outlook for U.S. interest rates. Federal Reserve Chair Jerome Powell has already hinted at the possibility of rate cuts, even in the presence of low unemployment, as long as inflation remains subdued.