AEX Exchange rate

EUR/USD trades in the upper half of its daily range slightly above 1.0650 in the American session on Friday. Following the mixed PMI data releases from the US, the US Dollar struggles to find demand helps the pair holds its ground ahead of the weekend.

GBP/USD gained traction and advanced above 1.2250 in the second half of the day on Friday, erasing a large portion of its daily losses in the process. The improving risk mood, as reflected by rising US stocks, limits the US Dollar's gains and provides support to the pair.

Gold price clings to small recovery gains above $1,920 following Thursday's sharp decline. Following the mixed September PMI data from the US, the benchmark 10-year US Treasury bond yield is down nearly 1% on the day at around 4.45%, allowing XAU/USD to stay in positive territory.

FTX exchange initiated legal proceedings against former employees of Salameda, a Hong Kong incorporated entity that is affiliated with the platform.

BABA stock surged more than 4% in Friday’s premarket after the Chinese ecommerce leader announced that its shipping and logistics business, Cainiao, will file for an initial public offering (IPO) in Hong Kong as soon as next week.