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EUR/USD slides to three-month low as Fed's hawkish tone fuels US Dollar rally
The Euro (EUR) weakens further against the US Dollar (USD) on Friday, with EUR/USD slipping to a three-month low. The pair remains under pressure as the Greenback draws support from the Federal Reserve's (Fed) hawkish tone after delivering a widely expected 25-basis-point rate cut earlier this week.

GBP/USD falls to seven-month low amid UK fiscal concerns, Fed hawkish tone
GBP/USD extends its downward momentum, touching a new seven-month low at 1.3097 on Friday. The pair remains under persistent selling pressure as investors continue to favor the US Dollar (USD) amid reduced expectations of further Federal Reserve (Fed) easing.

Fed's Hammack: Would not have cut rates
Federal Reserve Bank of Cleveland President Beth Hammack is due to participate in a fireside chat at the Evolving Landscape of Bank Funding Conference hosted by the Federal Reserve Bank of Dallas on Friday.

Fed's Bostic: Mandates are in tension.
Federal Reserve Bank of Atlanta President Raphael Bostic is scheduled to participate in a fireside chat at the Evolving Landscape of Bank Funding Conference, hosted by the Federal Reserve Bank of Dallas.

US Treasury's Bessent: China made a real mistake by firing shots on rare earths.
United States (US) Secretary of Treasury Scott Bessent said on Friday that he thinks the Chinese leadership were slightly alarmed by the global backlash to their export controls and that "everything's ironed out in terms of the permissions, and we should see a transaction very soon."

USD/JPY Price Forecast: Uptrend shows fatigue as RSI divergence hints at short-term pullback
The Japanese Yen (JPY) steadies against the US Dollar (USD) on Friday, with USD/JPY pausing its two-day winning streak despite the Greenback's broader strength, as renewed verbal warnings from Japanese officials revive intervention concerns.

EUR/GBP reverts early gains as ECB holds rates, UK fiscal woes pressure
EUR/GBP trades slightly lower on Friday, around 0.8780 at the time of writing, down 0.13% on the day, reverting early daily gains, but maintaining a solid weekly uptrend of about 0.60%.

Canadian Dollar weakens as Fed's cautious tone boosts US Dollar demand
The Canadian Dollar (CAD) remains under pressure against the US Dollar (USD) on Friday, weighed down by renewed demand for the Greenback after the Federal Reserve's (Fed) cautious guidance tempered expectations of another rate cut this year.

GBP undertone remains soft - Scotiabank
Pound Sterling (GBP) is also little changed on the day but the market retains a soft undertone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

EUR holds in tight range as support in low/mid 1.15s holds - Scotiabank
EUR/USD is little changed on the session. The main Eurozone data reports earlier were in line with forecasts, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

CAD remains soft on wider US/Canada spreads - Scotiabank
The Canadian Dollar (CAD) is little changed in quiet trade. Weak Asian stocks and soft European markets reflect a somewhat cautious undertone to risk sentiment, despite some gains in US equity futures, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

USD remains firm but can't extend gains - Scotiabank
The US Dollar (USD) is tracking a little higher overall into the end of the week, with a minor gain for the Euro (EUR) leaving it as the only currency in the green on the day, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

EUR/CHF holds near two-week highs as Swiss Franc weakens on fading safe-haven demand
The Euro (EUR) trades on the front foot against the Swiss Franc (CHF) on Friday as fading safe-haven demand keeps the Franc under pressure. At the time of writing, EUR/CHF is trading around 0.9287, holding firm near a two-week high as investors digest the latest Eurozone inflation figures.

Fed's Logan: Would find it difficult to cut rates again in December
Dallas Federal Reserve (Fed) President Lorie Logan said on Friday that she did not see a need to cut rates this week; explaining that the economic outlook did not call for it, per Reuters.

Fed's Schmid: Dissented against rate cut because of continued momentum in economy
In a statement published on Friday, Federal Reserve (Fed) Bank of Kansas City President Jeffrey Schmid explained he voted in favor of keeping the policy rate unchanged because "the labor market is largely in balance, the economy shows continued momentum, and inflation remains too high."

ECB's Villeroy: We must maintain full optionality to act as necessary
European Central Bank (ECB) policymaker Francois Villeroy de Galhau said on Friday that the ECB is in a good position following Thursday's decision but added that this position is not a fixed one.

USD/CHF trades near two-week high amid Fed caution, SNB dovishness
USD/CHF trades slightly higher on Friday, up 0.15% for the day at 0.8030 at the time of writing, extending its advance near a two-week high at 0.8037.

USD/CNH rises toward 7.1200 on USD strength - BBH
USD/CNH is up near 7.1200 on US Dollar (USD) strength. China's October PMI was soggy, BBH FX analysts report.

USD/JPY consolidates below 155 amid Yen weakness - BBH
USD/JPY is consolidating yesterday's sharp gains with the next major resistance offered at 155.00, BBH FX analysts report.

USD/JPY might test 154.50 before a pullback can be expected - UOB Group
US Dollar (USD) could test 154.50 before a pullback can be expected. In the longer run, sharp increase in upward momentum could lead to further USD advance toward 154.90, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
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