CAD/CHF Exchange rate

EUR/USD continues to fluctuate in a tight channel at around 1.0400 in the European session on Friday. The absence of fundamental drivers and thin trading conditions on the holiday-shortened week make it difficult for the pair to find direction.

GBP/USD moves up and down in a narrow band above 1.2500 on Friday after posting small losses on Thursday. The cautious market mood doesn't allow the pair to gain traction, while trading volumes remain low following the Christmas break.

Gold enters a consolidation phase slightly above $2,630 on Friday after closing in positive territory on Thursday. The risk-averse market atmosphere helps XAU/USD hold its ground as investors refrain from taking large positions heading into the end of the holiday-shortened week.

Floki DAO — the organization that manages the memecoin Floki — has proposed allocating a portion of its treasury to an asset manager in a bid to launch an exchange-traded product (ETP) in Europe, allowing institutional investors to gain exposure to the memecoin.

As the door closes in 2024, and while the year feels like it has passed in the blink of an eye, a lot has happened. If I had to summarise it all in four words, it would be: ‘a year of surprises’.