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Fed's Jefferson: The Fed should proceed slowly with extra rate cuts
Fed Vice Chair Philip Jefferson said on Friday that the central bank should take its time with any further rate cuts, explaining that policy is getting closer to a neutral stance.

Gold holds firm near $4,000 amid risk-off sentiment
Gold (XAU/USD) trades slightly firmer on Friday, holding within the familiar $3,900-$4,050 range as the prolonged United States (US) government shutdown and cautious sentiment across global markets keep safe-haven demand steady.

USD/CAD pulls back to levels near 1.4100 with Canadian jobs on tap
The US Dollar has lost some momentum on Friday's European trading session, and the USD/CAD pulled back to the 1.1410 area from session highs at 1.4125.

When is the Canada employment data and how could they affect USD/CAD?
The Canadian labour market data for October is due for release today at 13:30 GMT. Statistics Canada is expected to show that employers laid off 2.5K workers, against hiring of 60.4K job-seekers in September.

USD/CNH: Likely to lead to a lower range of 7.1170/7.1280 - UOB Group
Slight increase in downward momentum is likely to lead to a lower range of 7.1170/7.1280. In the longer run, USD has likely entered a range-trading phase between 7.1120 and 7.1330, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/JPY: Likely to trade with a downward bias - UOB Group
US Dollar (USD) could weaken, but it is unclear whether there is enough momentum for it to break below 152.40.

NZD/USD might weaken to 0.5600 next - UOB Group
There is room for New Zealand Dollar (NZD) to edge lower, but any decline is likely part of a lower range of 0.5620/0.5650. In the longer run, downward pressure has increased; NZD could weaken to 0.5600 next, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

AUD/USD holds key support level of 0.6450 as RBA dovish bets cool down
The AUD/USD pair stays above its key support level of 0.6450 from Wednesday. During the European trading session on Friday, the Aussie pair trades 0.1% higher to near 0.6490 as the Australian Dollar (AUD) outperforms its peers.

USD/CNH steadies amid weak October China trade data - BBH
USD/CNH trades near the midpoint of a two-month range as China's October trade data shows soft exports and weak domestic demand, BBH FX analysts report.

AUD/USD: Major support at 0.6445 is unlikely to come under threat - UOB Group
Australian Dollar (AUD) could test 0.6460; the major support at 0.6445 is unlikely to come under threat. In the longer run, outlook for AUD is negative now, but last month's low near 0.6445 may not come into view so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

GBP/USD slides below 1.3100 after BOE dovish hold - BBH
GBP/USD is down under 1.3100 after recovering to a high around 1.3140 overnight. The Bank of England (BOE) delivered a dovish hold yesterday. The BOE left the policy rate at 4.00% (70% priced-in) and signaled the bar is low to resume easing at the next December meeting, BBH FX analysts report.

GBP/USD: Any advance is unlikely to break clearly above 1.3175 - UOB Group
Pound Sterling (GBP) could rise further, but any advance is unlikely to break clearly above 1.3175.

USD/CAD consolidates near multi-month highs - BBH
USD/CAD is holding near multi-month highs above 1.4100 ahead of Canada's October jobs report, which will test the Bank of Canada's guidance following last week's 25bps rate cut, BBH FX analysts report.

EUR/JPY climbs as risk appetite returns, BoJ hawkish tone contrasts with ECB caution
EUR/JPY trades higher on Friday, around 177.10 at the time of writing, gaining 0.20% for the day, after briefly losing ground toward 176.50 earlier in the day.

EUR/USD has scope to extend to 1.1570 before a pause can be expected - UOB Group
Euro (EUR) has scope to extend to 1.1570 before a pause can be expected. In the longer run, weakness from a week ago has stabilized; EUR is likely to trade in a range of 1.1485/1.1610 for the time being, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/CHF Price Forecasts: Dollar recovery stalls at the 0.8080 previous support
The US Dollar is faring better than the Swiss Franc amid the cautious market mood on Friday.

USD retraces losses as stocks stabilize - BBH
US Dollar (USD) retraced some of yesterday's losses and stock markets stabilized after selling off yesterday. USD will struggle to gain more upside traction as it's trading above the level implied by US-G6 2-year bond yield spreads.

NOK: Norges Bank delivers no surprises - Commerzbank
Norges Bank did not announce any surprises yesterday, Commerzbank's FX analyst Michael Pfister notes.

USD/CAD: Canada jobs data in focus - ING
Markets eye Canadian jobs data, with a modest October decline expected, while soft Chinese trade figures weigh on commodity currencies and USD/CAD upside, ING's FX analyst Chris Turner notes.

China confirms suspension of rare earth export measures announced in October
China confirms on Friday that it will suspend the measures relating to curbs on rare earth exports that were announced on October 9. And, they also reaffirm that this suspension is part of the trade truce agreement with Washington that was agreed recently.
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