USD/JPY rallied on Friday, gaining six-tenths of one percent and snapping a two-day losing streak as the Greenback finds broad-market support and bolsters the Dollar-Yen pairing from a fresh tap of the 50-day Exponential Moving Average (EMA).
Gold's price dropped late in the North American session, but it is set to finish the week with gains of over 0.40% as market players await the inauguration of US President-elect Donald Trump.
AUD/USD returns to negative territory near 0.6200 on Friday, failing to preserve the momentum sparked by China’s stronger-than-expected economic indicators.
The Canadian Dollar (CAD) slumped back into familiar multi-year lows on Friday, sending USD/CAD back above the 1.4400 handle and keeping the Loonie at its lowest bids since the pandemic era.
The Mexican Peso (MXN) stages a recovery after weakening to a new yearly low of 20.93 and appreciates against the Greenback due to an improvement in risk appetite following China’s upbeat GDP figures.
The Dow Jones Industrial Average (DJIA) added over a full percentage point in value on Friday, climbing around 500 points and vaulting back over 43,500 as market expectations for further rate cuts increased.