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EUR/USD steadies as Fed divide offsets shutdown drag

EUR/USD consolidates on Friday amid a quiet trading session due to the lack of a fresh catalyst, sponsored by a US government shutdown that seems poised to extend beyond the current week. The pair trades at 1.1738, up 0.28%, at the time of writing.

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Fed's Miran insists Fed has room for more cuts

Federal Reserve (Fed) Board of Governors plant Stephen Miran doubled down on his belief that the Fed has a lot more room to cut its way to neutral interest rates.

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Fed's Jefferson nods to risks on both sides of the Fed's mandate

Federal Reserve (Fed) Vice President and Board of Governors member Phillip Jefferson acknowledged that ongoing risks to both sides of the Fed's policy mandates are seeing growing risks.

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Gold climbs as shutdown fuels haven demand, eyes record high

Gold price advances during the North American session on Friday, up by 0.70% for the day as the US government shutdown extends to three days, poised to end the week positively for the seventh straight week. At the time of writing, XAU/USD trades at $3,882 after hitting a daily low of $3,838.

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Fed's Logan warns inflation pressures persist, could be made worse

Federal Reserve (Fed) Bank of Dallas President Lorie Logan struck a nervous tone on Friday, warning that despite a rapidly-weakening labor market, a lot of potential policy moves could accidentally spark another round of renewed inflationary pressures.

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Dow Jones Industrial Average rises 300 points on Friday

The Dow Jones Industrial Average (DJIA) caught a firm bid on Friday, rising 482 points, or 1.04%, bottom-to-top. The Dow briefly pierced the 47,000 major price handle for the first time ever, before easing back to a more sedate +300 points (0.65%) on the day.

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AUD/USD holds near 0.6600 as Greenback weakens on US shutdown and soft PMI data

The Australian Dollar (AUD) holds modest gains versus the US Dollar (USD) on Friday, supported by a weaker Greenback as the United States (US) government shutdown drags on and the ISM Services Purchasing Managers Index (PMI) softens.

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EUR/USD holds modest bid amid US shutdown and mixed PMI readings

The Euro (EUR) trades with a modest bid against the US Dollar (USD) on Friday, with EUR/USD stuck in this week's range of 1.1750-1.1700.

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GBP/USD rises as US shutdown prolongs, Fed data gap grows

The Pound Sterling advances some 0.26% on Friday as the US government began its third day of shutdown and skipped the release of Nonfarm Payroll figures for September. Purchasing Managers Index (PMI), data from S&P Global and ISM in the US, are the main drivers of price action.

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EUR/JPY rebounds after dip to one-month low

The Euro (EUR) gains traction against the Japanese Yen (JPY) on Friday, recovering after briefly slipping to its lowest level since September 9 on Thursday. At the time of writing, EUR/JPY trades near 173.00, staging a modest rebound from recent lows.

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Fed's Miran: Inflation expectations are reasonably well anchored

Fed policymaker Stephen Miran stressed the importance of forward-looking analysis in shaping monetary policy.

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GBP/JPY steadies near 198.00 as Yen weakens, UK PMI signals slowdown

The GBP/JPY steadies on Friday, snapping a four-day losing streak after sliding to its lowest level since August 7 on Thursday. At the time of writing, the cross is holding firm near the 198.00 handle, easing back from an intraday high around 198.55.

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Fed's Goolsbee: The labour market remains pretty stable

Chicago Fed President Austan Goolsbee struck a cautious but steady tone in fresh remarks. He pointed to resilience in the labor market, played down tariff effects on services inflation, and warned against moving too aggressively on rate cuts.

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Gold steadies above $3,850 as US shutdown drags on; ISM Services PMI in focus

Gold (XAU/USD) stabilizes above $3,850 on Friday, maintaining a steady tone through the European session after dipping to an intraday low near $3,838, as the US Dollar (USD) eases following its modest rebound a day earlier.

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JPY holds defensive ahead of LDP vote - BNY

The Japanese Yen (JPY) has taken a relatively defensive stance ahead of tomorrow's LDP leadership vote.

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USD/CAD trades firmly near 1.3970 ahead of US ISM Services PMI data

The USD/CAD pair demonstrates strength near a four-month high around 1.3970 during the European trading session on Friday.

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JPY soft and underperforming G10 - Scotiabank

The Japanese Yen (JPY) is down a marginal 0.1% against the US Dollar (ISD) and underperforming all of the G10 currencies in an environment broad-based USD weakness.

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GBP up marginally and soft - Scotiabank

The Pound Sterling (GBP) is up a marginal 0.1% against the US Dollar (USD) as it underperforms on the crosses heading into Friday's NA open, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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EUR extends tight trading range - Scotiabank

The Euro (EUR) is up a modest 0.2% vs. the US Dollar (USD) and a mid-performer among the G10 currencies as we head into Friday's NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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USD/CNH: Likely to trade in a range of 7.1260/7.14100 - UOB Group

US Dollar (USD) is likely to trade in a range of 7.1260/7.1410. In the longer run, for the time being, USD is likely to trade in a range between 7.1000 and 7.1480, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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