Trading news

Silver (XAG/USD) trims a part of its earlier losses on Friday after marking a fresh weekly low at $48.64. At the time of writing, the metal is trading around $49.69, recovering modestly but still down nearly 1.50% on the day, and remains on track for a weekly decline.

USD/CHF trades around 0.8070 on Friday, up 0.10% on the day at the time of writing, as the US Dollar (USD) finds moderate support from mixed but generally resilient US data releases.

United States Michigan Consumer Expectations Index above forecasts (49) in November: Actual (51)

United States UoM 1-year Consumer Inflation Expectations came in at 4.5% below forecasts (4.7%) in November

United States Wholesale Inventories came in at 0%, above forecasts (-0.2%) in August

United States UoM 5-year Consumer Inflation Expectation came in at 3.4%, below expectations (3.6%) in November

United States Michigan Consumer Sentiment Index came in at 51, above expectations (50.5) in November

United States S&P Global Manufacturing PMI below forecasts (52) in November: Actual (51.9)

United States S&P Global Services PMI above expectations (54.8) in November: Actual (55)

United States S&P Global Composite PMI climbed from previous 54.6 to 54.8 in November

The Canadian Dollar (CAD) holds steady against the US Dollar (USD) on Friday, with USD/CAD hovering near 1.4100 as the Greenback stages a rebound after briefly losing momentum on dovish comments from New York Federal Reserve (Fed) President John Williams.

Dallas Bank Federal Reserve (Fed) President Lorie Logan delivered these remarks at “The SNB and its Watchers 2025” Conference at the Karl Brunner Institute on Friday.

Canada New Housing Price Index (YoY) unchanged at -1.8% in October

Federal Reserve Bank of Boston President Susan Collins spoke in an interview with CNBC on Friday. She claimed that the September jobs data was mixed and that, with limited data, economic activity remains resilient.

Federal Reserve (Fed) governor Stephen Miran spoke in an interview for Bloomberg TV on Friday. He said that the Fed should be forecast-dependent, not data-dependent

The Japanese Yen (JPY) is up an impressive 0.4% against the US Dollar (USD) and outperforming all of the G10 currencies as we head into the end of the week, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Pound Sterling (GBP) is soft, down a marginal 0.1% against the US Dollar (USD) and a mi performer among the G10 in an environment of persistent USD strength, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Euro (EUR) is soft, down a marginal 0.1% as it drifts back toward Thursday’s low just above 1.15, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Canadian Dollar (CAD) is little changed on the day, with spot holding gains towards the 1.41 area yesterday amid the US equity market sell-off, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The US Dollar (USD) remains amid firm weak risk appetite but the JPY is outperforming on the session, reflecting a ratcheting up of intervention rhetoric as Finance Minister Katayama warned of 'appropriate action' being taken against disorderly FX moves.