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The Indian Rupee (INR) extends its decline against the US Dollar (USD) on Friday, with the USD/INR pair hitting fresh all-time highs at 90.86.

The GBP/JPY cross attracts fresh buyers following the previous day’s modest decline and climbs back above mid-208.00s during the Asian session on Friday.

The EUR/USD pair retreats from a 10-week high to near 1.1735 during the early European session on Friday, pressured by a modest rebound in the US Dollar (USD).  The potential downside for the major pair might be limited amid the prospect of the US Federal Reserve (Fed) rate cuts next year.

The EUR/USD pair retreats from a 10-week high to near 1.1735 during the early European session on Friday, pressured by a modest rebound in the US Dollar (USD).  The potential downside for the major pair might be limited amid the prospect of the US Federal Reserve (Fed) rate cuts next year.

Gold prices fell in Saudi Arabia on Friday, according to data compiled by FXStreet.

The United Kingdom (UK) economic docket features the monthly Gross Domestic Product (GDP) print for October and Industrial Production figures, to be published by the Office for National Statistics (ONS) this Thursday at 07:00 GMT.

Gold prices fell in Philippines on Friday, according to data compiled by FXStreet.

Gold prices fell in United Arab Emirates on Friday, according to data compiled by FXStreet.

• Trump on Venezuela: It’s going to be starting on land pretty soon
• Trump: Probably only one winner in AI, China or the USA
• Japan October industrial production +1.5% y/y vs +1.6% prelim
• Canada’s Carney inches closer to a majority as Conservative switches parties
• Magnitude 6.7 earthquake leads to 1m tsunami in Japan
• GPT-5.2 is looking like another leap forward

Markets:

• Gold down $15 to $4267
• US 10-year yields up 1.6 bps to 4.15%
• WTI crude up 44-cents to $58.04
• Nikkei up 0.7%
• GBP leads, JPY lags

Flows were light to wrap up the week in Asia but stocks were lively. The Nikkei gapped higher at the open and continued above 51,000 and a test of the monthly high. It failed though and there was some profit taking as the 1.7% gain was cut in half.

Gold also saw some selling after the big rally in US trade. It’s under some mild pressure while silver is flat after hitting a record earlier.

The FX market was struggling to find a reason to get going during a light day of news flow.

The most-meaningful headline was Trump talking about an escalation to ground attacks in Venezuela. That’s led to some moderate bids in crude but had little effect on the overall risk mood. It’s something to keep an eye on.

This article was written by Adam Button at investinglive.com.

Gold prices fell in Pakistan on Friday, according to data compiled by FXStreet.