Australian Dollar gains on China data boost, cautious RBA outlook

The Australian Dollar (AUD) advances against the US Dollar (USD) on Friday, recovering losses registered in the previous session. The AUD/USD pair gains ground following the release of China’s Industrial Production and Retail Sales data for October.

US Dollar Index posts modest losses to near 99.00 as Fed rate cut doubts emerge

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a positive note around 99.15 during the Asian trading hours on Friday.

USD/CAD stays below 1.4050 as Oil gains, US data concerns persist

USD/CAD inches lower after registering gains in the previous session, trading around 1.4020 during the Asian hours on Friday. The pair remains subdued as the commodity-linked Canadian Dollar (CAD) receives support from higher Oil prices.

GBP/USD slips near 1.3150 as UK government drops plans to raise tax rates

GBP/USD retraces its recent gains from the previous session, trading around 1.3150 during the Asian hours on Friday. The pair depreciates as the Pound Sterling (GBP) declines amid rising concerns over fiscal discipline and political stability in the United Kingdom (UK).

Japanese Yen hangs near nine-month low against USD amid BoJ rate-hike uncertainty

The Japanese Yen (JPY) edges higher against a broadly weaker US Dollar (USD), though it lacks bullish conviction and remains close to a nine-month low, touched the previous day.