The US Dollar has remained relatively stable as the trading week comes to an end. Meanwhile, gold prices are nearing record highs, and WTI crude oil prices continue to hover above key support levels. US index futures are slightly higher, though increased volatility is expected as the North American trading session approaches.

Asia-Pacific Markets
While the US economy continues to perform well, China's economic growth has slowed, at least by its own standards. Data released on Friday revealed that China's economy expanded by 4.6% in the third quarter, slightly above the forecast of 4.5% but down from the 4.7% growth seen in the second quarter.
The Japanese yen is trading within a tight range, while the Australian dollar is testing resistance around the 0.6710 level against the US dollar.

European Markets
Europe is feeling the impact of China's economic slowdown, particularly in Germany. This weakness contributed to the European Central Bank's decision to cut interest rates by 25 basis points to 3.25% on Thursday. The yield spread between US Treasuries and German bonds has widened to its highest level since late June, as investors factor in further rate cuts by the ECB.
The euro remains in a downtrend, though it has found some support around the $1.0800 level.

American Markets
In the US, some investors are positioning themselves for assets that could benefit from a potential second Donald Trump presidency. The former president currently leads Vice President Kamala Harris in betting markets, although Harris maintained a slight edge in a Reuters/Ipsos poll earlier this week. "Trump trades" are focused on assets that could thrive under policies such as tariff hikes, deregulation, and increased deficits. Analysts point to a possible "Trump effect" contributing to the recent rise in bond yields and the strength of the US dollar.