The US Dollar (USD) is trimming losses against the Swiss Franc (CHF) on Friday, as the risk-off mood, stemming from surging Oil prices, has offset the negative impact of falling US Treasury yields.

Deutsche Bank’s Early Morning Reid describes a broad risk-off session for US equities, with the S&P 500 and NASDAQ posting their worst declines in months as AI-related names and higher Oil prices pressured sentiment.

The EUR/USD pair trades in negative territory around 1.1210 during the early European trading hours on Friday. Worries about France's ability to tackle its huge debt burden have hurt French government bonds and exert some selling pressure on the Euro (EUR) against the US Dollar (USD).

The Australian Dollar underperforms its major currency peers, except the New Zealand Dollar (NZD), on Thursday. Against the US Dollar (USD), the antipodean is down 0.4% to near the psychological level of 0.7000.

Silver (XAG/USD) has resumed its broader bearish trend on Thursday, to reach session lows below $56.00 after an impulsive reversal from the $58.00 area.

The EUR/USD pair trades in positive territory near 1.1245 during the early European trading hours on Thursday. Nonetheless, the potential upside might be limited amid fiscal concerns in France. European Central Bank (ECB) policymaker Fabio Panetta is scheduled to speak later on Thursday.

EUR/JPY loses ground for the second successive day, trading around 177.50 during Asian hours on Thursday. Technical analysis of the daily chart shows the currency cross remains within a descending channel pattern, suggesting an ongoing bearish bias.

The US Dollar (USD) has navigated an inconclusive range, struggling to reverse the weekly correction, while market participants continued to assess developments from the geopolitical landscape, all amid a steady pre-Fed lull.

The British Pound (GBP) extends gains against the US Dollar (USD) on Wednesday after some hesitation in the early European session, as the positive impact from the hot consumer inflation figures was offset by the increment in public borrowing.