United States 4-Week Bill Auction fell from previous 4.65% to 4.58%


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The Australian Dollar remains tepid against the US Dollar following two days of gains, as Australia's mixed PPI data for the third quarter was released on Friday.  However, expectations of a hawkish stance from the Reserve Bank of Australia continue to support the Aussie Dollar, limiting losses in the AUD/USD pair.

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USD/JPY: Japanese Yen loses ground as manufacturing production continues to decline

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The Japanese Yen retraces some of its recent gains following the release of the Manufacturing PMI by Jibun Bank and S&P Global on Friday. However, the USD/JPY pair declined as the JPY strengthened after post-meeting comments from Bank of Japan Governor Kazuo Ueda on Thursday.

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Gold price gains ground as traders brace for US NFP data

Gold price gains ground as traders brace for US NFP data

Gold price recovers some lost ground on Friday. The uncertainties surrounding the US presidential election and the ongoing geopolitical tensions in the Middle East provide some support to the precious metal, a traditional safe-haven asset. 

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Monthly industrial production results have been mixed but generally indicate a modest recovery in third-quarter GDP. Clear guidance from the Bank of Japan remains elusive, with each upcoming meeting being pivotal.

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