Australian and New Zealand dollars withstood a serious boost on Friday after rebounding from sky-high levels earlier in the week, but remain vulnerable to a relapse if U.S. employment data exceeds expectations. The New Zealand dollar was stable at $0.5675, compared to resistance at $0.5702. It rose by 0.7% for the week and is comfortably above Monday's low of $0.5517

The South African rand was stable in early trading on Friday, after President Cyril Ramaphosa said his government would launch a second wave of reforms to try to boost economic growth. At 07:52 GMT, the rand traded at 18.4325 against the dollar, not far from its previous close. According to ETM Analytics, “the rand may have started the week on the defensive, but it seems to be ending it firmly on the front foot as USD-ZAR now seems ready to target levels closer to 18,4000 before the

The Chinese yuan fell against the dollar on Friday as investors cautiously watched the evolution of Sino-American trade and eager to know if there will be a phone call between the leaders of the two nations. As of 03:15 GMT, the onshore yuan was down 0.03% to 7.2860 per dollar and seemed poised for a weekly drop during a week shortened by the holidays. Its offshore counterpart traded at 7.2890

The Indian rupee is expected to remain close to its all-time low at the opening on Friday before the central bank is very likely to cut interest rates to support sluggish economic growth. The 1-month undeliverable futures contract indicated that the rupee would change just 87.5775 on Thursday and close to the all-time low of 87.5825. The rupee struggled before the political decision, down by more than 1% since the start of the week.