Dollar Down, U.S. Election and COViD-19 Worries Cap Gains

October 30, 2020 at 02:49AM

Dollar Down, U.S. Election and COViD-19 Worries Cap Gains

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Author: Investing.com | Post link: https://www.investing.com/news/forex-news/dollar-down-us-election-and-covid19-worries-cap-gains-2336892
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Gold retreats from multi-week top amid risk-on mood; downside seems limited 12 December 2025

Gold (XAU/USD) edges lower during the Asian session on Friday and erodes a part of the previous day's strong gains, snapping a three-day winning streak to the $4,285-4,286 region, or the highest level since October 21.

India Gold price today: Gold falls, according to FXStreet data 12 December 2025

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

Malaysia Gold price today: Gold falls, according to FXStreet data 12 December 2025

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

Japan Capacity Utilization up to 3.3% in October from previous 2.5% 12 December 2025

Japan Capacity Utilization up to 3.3% in October from previous 2.5%

Japan Industrial Production (YoY): 1.6% (October) vs 1.5% 12 December 2025

Japan Industrial Production (YoY): 1.6% (October) vs 1.5%

Japan Industrial Production (MoM) came in at 1.5%, above forecasts (1.4%) in October 12 December 2025

Japan Industrial Production (MoM) came in at 1.5%, above forecasts (1.4%) in October

Japanese Yen remains depressed as receding safe-haven demand counters BoJ rate hike bets 12 December 2025

The Japanese Yen (JPY) remains on the back foot against its American counterpart through the Asian session on Friday, though the downside potential seems limited.

Japan Industrial Production (MoM) above forecasts (1.4%) in October: Actual (1.6%) 12 December 2025

Japan Industrial Production (MoM) above forecasts (1.4%) in October: Actual (1.6%)

Dow Futures (YM) bullish path projects 49,900 level [Video] 12 December 2025

The cycle from the April 2025 low in Dow Futures (YM) continues to unfold as a clear impulse. Within this structure, wave (4) concluded at 45,810, as illustrated by the one‑hour chart. Following that completion, wave (5) began to develop as another sequence of five waves of lesser degree.

US Dollar Index struggles above 98 as investors expect more rate cuts in 2026 than Fed 12 December 2025

The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, seems vulnerable near its fresh seven-week low of 98.13 posted on Thursday.

Silver Price Forecast: XAG/USD drifts higher amid rising demand, US critical minerals listing 12 December 2025

Silver price (XAG/USD) climbs to near $63.75 and is poised to retest its all-time high during the Asian trading hours on Friday. The white metal extends the rally on rising industrial demand, a weaker US Dollar (USD), and the metal's entry into the US critical minerals list.

WTI rebounds above $57.50 as US seizes Venezuelan tanker 12 December 2025

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $57.85 during the Asian trading hours on Friday.

PBOC sets USD/CNY reference rate at 7.0638 vs. 7.0686 previous 12 December 2025

On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 7.0638 compared to the previous day's fix of 7.0686.

USD/CAD hangs near its lowest level since September 17, around 1.3770 area 12 December 2025

The USD/CAD pair is seen oscillating in a narrow range during the Asian session on Friday and consolidating its recent heavy losses to the lowest level since September 17, which it touched the previous day.

NZD/USD gains ground above 0.5800 on weak US Jobless Claims data 12 December 2025

The NZD/USD pair trades in positive territory near 0.5815 during the early Asian session on Friday. Weaker-than-anticipated US employment data weigh on the Greenback against the New Zealand Dollar (NZD).

AUD/USD holds steady above mid-0.6600s, close to nearly three-month peak 12 December 2025

The AUD/USD pair regains some positive traction following the previous day's two-way price move and holds steady above mid-0.6600s during the Asian session on Friday.

Gold Price Forecast: XAU/USD climbs above $4,250 as Fed rate cut weakens US Dollar 12 December 2025

Gold price (XAU/USD) rises to seven-week highs near $4,275 during the early Asian session on Friday. The precious metal extends its upside as the US Federal Reserve’s (Fed) quarter-point rate cut drags the US Dollar (USD) lower.

GBP/USD steadies at fresh near-term highs 11 December 2025

GBP/USD is holding firmly in bullish territory heading into the tail end of the week, but Cable bidders ran into a technical resistance point at the 1.3400 handle on Thursday.

USD/JPY attracts some sellers to near 155.50 on weak US jobs data 11 December 2025

The USD/JPY pair attracts some sellers to around 155.60 during the early Asian session on Friday. The US Dollar (USD) edges lower against the Japanese Yen (JPY) amid worse-than-anticipated US employment data and a less hawkish outlook than expected from the US Federal Reserve (Fed).

EUR/USD continues its rise as Dollar retreats on Fed action and soft data 11 December 2025

EUR/USD advances during the North American on Thursday up 0.41% after the Fed decided to cut rates, alongside the release of weaker than expected job data in the United States (US). At the time of writing, the pair trades at 1.1742 after bouncing off daily lows of 1.1682.

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October 30, 2020 at 02:49AM

Dollar Down, U.S. Election and COViD-19 Worries Cap Gains

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