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

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

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.

Canada New Housing Price Index (MoM) below expectations (0%) in October: Actual (-0.4%)

Canada Retail Sales (MoM) meets forecasts (-0.7%) in September

Canada Retail Sales ex Autos (MoM) above expectations (-0.5%) in September: Actual (0.2%)

Federal Reserve (Fed) Bank of New York President John Williams said on Friday that the Fed can still cut rates in the near term, given current policy is modestly restrictive, per Reuters.

The Silver market is set to remain undersupplied for a fifth consecutive year, with physical demand declining but ETF flows pushing the overall deficit to a decade-high, Commerzbank's FX analyst Michael Pfister notes.

The World Platinum Investment Council and Metals Focus, a research company specializing in precious metals, have revised their forecast for the Platinum supply deficit this year down to 692,000 ounces. In September, the forecast was 850,000 ounces, Commerzbank's FX analyst Michael Pfister notes.

Mexico Gross Domestic Product (QoQ) meets forecasts (-0.3%) in 3Q

Mexico Gross Domestic Product (YoY) registered at -0.1% above expectations (-0.2%) in 3Q

US Dollar (USD) is likely to trade between 7.1100 and 7.1220. In the longer run, for the time being, USD is likely to trade between 7.1020 and 7.1285, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The US Dollar’s (USD) muted response to stronger US jobs data suggests positioning is far more balanced than in recent months, even as markets push Fed cut expectations from December to January.

European Union (EU) Commission President Ursula von der Leyen said at the G20 event on Thursday that the continent is rigorously working to finalize bilateral trade deals with a number of Asia-Pacific countries.

The S&P 500 has broken below its multi-month ascending channel and surrendered the 50-DMA, with lower highs and lows confirming a pullback phase, Société Générale's FX analysts note.

The private sector activity in the United Kingdom (UK) economy expanded at a softer-than-expected pace in November. The S&P Global Composite Purchasing Managers' Index (PMI) has come in lower at 50.5, compared to estimates of 51.8 and October’s final reading of 52.2.

United Kingdom S&P Global Services PMI came in at 50.5 below forecasts (52.1) in November

United Kingdom S&P Global Composite PMI registered at 50.5, below expectations (51.8) in November

United Kingdom S&P Global Manufacturing PMI above expectations (49.3) in November: Actual (50.2)

Japan Finance Minister (FM) Satsuki Katayama said during Friday’s European session that the latest economic stimulus package of 21.3 trillion yen approved by the cabinet would be insufficient to prompt inflation through households’ demand.