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USD/CAD remains above 1.4100 near six-month highs despite decreasing Fed rate cut odds
USD/CAD continues its winning streak that began on October 30, trading around 1.4120 during the Asian hours on Friday. The pair remains near the six-month high of 1.4140, reached on November 5, as the US Dollar (USD) rebounds after posting losses in the previous session.

NZD/USD drifts lower below 0.5650 as China's Trade Surplus narrows in October
The NZD/USD pair attracts some sellers near 0.5620 during the Asian trading hours on Friday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) after a narrowing of China's trade surplus in October and a weak New Zealand jobs report.

Japanese Yen pulls back from over one-week top against USD on weaker domestic data
The Japanese Yen (JPY) retreats slightly from an over one-week high touched against the US Dollar (USD) during the Asian session on Friday, following the disappointing release of Japan's Household Spending data.

US Dollar Index rebounds after a sharp decline, Michigan Consumer Sentiment eyed
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is rebounding after losing nearly 0.5% in the previous session and trading around 99.80 during the Asian hours on Friday.

Australian Dollar inches lower ahead of China's Trade Balance data
Australian Dollar (AUD) declines against the US Dollar (USD) on Friday, extending its losses for the second successive session. The AUD/USD pair remains weaker ahead of China's Trade Balance data due later in the day.

WTI drifts higher above $59.50 on weaker US Dollar, fears of oil glut might cap its upside
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.60 during the Asian trading hours on Friday. The WTI recovers some lost ground on the weaker US Dollar (USD). However, the potential upside might be limited amid increasing excess supply concerns.

PBOC sets USD/CNY reference rate at 7.0836 vs. 7.0865 previous
The People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Friday at 7.0836 compared to the previous day's fix of 7.0865 and 7.1131 Reuters estimate.

When is the China Trade Balance and how could it affect AUD/USD?
The General Administration of Customs will publish its data for October on Friday at 03.00 GMT. Trade balance is expected to widen to $95.60B in October, compared to $90.45 in the previous reading. Exports are expected to rise by 3%, while Imports are projected to climb by 3.2%.

GBP/USD extends much-needed recovery as Cable recovers 1.31
GBP/USD climbed on Thursday, driven into the high side by over-extended bearish price action that has plagued the pair, as well as a surprisingly close Bank of England (BoE) vote on interest rate moves that gave investors hope that the BoE might be moving to support the UK's flagging economy despite

Gold Price Forecast: XAU/USD holds gains near $4,000 as US shutdown lifts safe-haven demand
Gold price (XAU/USD) trades in positive territory near $3,990 during the early Asian session on Friday. The precious metal edges higher amid a weaker US Dollar (USD) and a renewal of safe-haven demand. Traders await the release of the flash U-Mich Consumer Sentiment survey later on Friday.

Fed's Hammack: Keeping the Fed policy restrictive will help bring inflation down
Federal Reserve (Fed) Bank of Cleveland President Beth Hammack said late Thursday that keeping the Fed policy restrictive will help bring inflation down.

USD/JPY tumbles to near 153.00 as US government shutdown woes persist
The USD/JPY pair slumps to near 153.05 during the early Asian session on Friday. The US Dollar (USD) faces some selling pressure as the US government shutdown extends further, hitting a record with still no solution in sight.

Canadian Dollar struggles to end bearish slide on Thursday
The Canadian Dollar (CAD) continues to hold on the weak side against the US Dollar (USD) on Thursday, finding the brakes enough to slow a near-term one-sided backslide, but not enough to stage a meaningful technical recovery.

EUR/USD climbs as weak US jobs data fuels Fed cut bets
EUR/USD recovers some ground on Thursday, post gains of 0.45% after bouncing off daily lows of 1.1486 as the Greenback weakened. A soft jobs data in the US increased speculation for a Fed rate cut at the December meeting. The pair trades at 1.1545 at the time of writing.

FX Today: US flash U-Mich gauge and the Canadian jobs report come to the fore
The US Dollar (USD) added to Wednesday's small correction, slipping back to multi-day lows in the context of a widespread recovery in the risk-associated galaxy. In the meantime, the US federal government shutdown extended further, hitting a record with still no solution in sight.

Banxico cut rates as expected to 7.25%, Heath dissents again
Banco de Mexico (Banxico) decided to cut interest rates by 25 basis points in a 4 to 1 vote split, to 7.25% with Deputy Governor Jonathan Heath voting to keep rates unchanged at 7.50%.

Dow Jones Industrial Average drops 400 points as AI selloff continues
The Dow Jones Industrial Average (DJIA) tumbled 400 points on Thursday, falling to its lowest valuation in nearly two weeks as equity indexes were crushed underfoot by a broad pivot out of AI tech stocks.

Gold holds near $4,000 as US shutdown, layoffs boost safe-haven demand
Gold price advances on Thursday after reaching a daily high of $4,019, but retreats below the $4,000 mark even though the US Dollar and US Treasury yields tumbled. At the time of writing, XAU/USD trades with gains of over 0.10% at around $3,985.

EUR/USD extends rebound as US Dollar retreats from five-month high
The Euro (EUR) strengthens against the US Dollar (USD) on Thursday amid renewed broad weakness in the Greenback. At the time of writing, EUR/USD is trading around 1.1543, rising to a five-day high after slipping to a fresh three-month low on Wednesday.

USD/CHF drops amid US political risks, Swiss Franc safe-haven appeal
USD/CHF weakens on Thursday, down 0.35% around 0.8070 at the time of writing. Risk-off sentiment dominates the markets, supporting demand for safe-haven assets such as the Swiss Franc (CHF), while US political uncertainty continues to weigh on the US Dollar (USD).
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