The US Federal Reserve (Fed) will announce monetary policy decisions following the November policy meeting on Thursday, just barely two days after Donald Trump was elected as the 47th president of the United States.

The Dow Jones Industrial Average (DJIA) is trading in a tight range on Thursday, testing close to record highs set earlier this week near 43,800.

The Mexican Peso rallied against the Greenback on Thursday after Donald Trump’s victory in the US presidential election.

The GBP/USD barely moved after the Federal Reserve (Fed) cut rates by 25 basis points (bps) to the 4.50%—4.75% range.

EUR/USD trimmed its wick on Thursday, easing back below the 1.0800 handle after the Federal Reserve (Fed) delivered a widely-anticipated 25 bps rate trim.

The US Dollar Index (DXY) rebounded somewhat after the Federal Reserve (Fed) cut its benchmark interest rate by 25 basis points, bringing it to 4.50%-4.75%.

The AUD/USD currency pair declined but holds gains around 0.6640 after the Federal Reserve (Fed) cut its target range for the federal funds rate by 25 basis points on Thursday.

Gold prices held firm and posted gains of over 1% after the Federal Reserve (Fed) lowered interest rates by 25 basis points (bps), as expected.

USD/JPY roiled just north of the 153.00 handle on Thursday as investors grapple to find something motivational after the Federal Reserve (Fed) widely met market expecations and delivered a quarter-point interest rate cut on November 7.

US Dollar Index (DXY) declined marginally after the Federal Reserve's 25 basis point rate cut.

The Greenback came under pressure as investors cashed out part of Wednesday’s “Trump trade” robust gains, while the Fed delivered a largely telegraphed 25 bps rate cut and Chief Jerome noted that inflation keeps heading towards the 2% target.

Gold prices climbed above $2,700 after the Federal Reserve (Fed) decided to lower interest rates and acknowledged that US election effects would not be felt in the near term.

The USD/CAD pair flat lines near 1.3860 during the early Asian session on Friday.

The NZD/USD pair trades with a mild negative bias near 0.6020 during the early Asian session on Friday.

The GBP/USD pair edges lower to around 1.2975 during the Asian trading hours on Friday.

The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Friday.

The Japanese Yen (JPY) edges lower against its American counterpart during the Asian session on Friday and stalls the previous day's recovery move from the lowest level since July 30.

The Indian Rupee (INR) weakens on Friday. The local currency depreciated to record lows again in the previous session amid weak domestic equities and sustained foreign fund outflows.

West Texas Intermediate (WTI) Oil price steadies around $71.50 per barrel during the Asian session on Friday, positioning for a weekly gain of over 3%.

Gold price (XAU/USD) struggles to capitalize on the previous day's solid rebound from the 50-day Simple Moving Average (SMA) support near the $2,643 area, or over a three-week low and attracts some sellers during the Asian session on Friday.

NZD/USD depreciates as the New Zealand Dollar (NZD) receives downward pressure from the concerns about Donald Trump’s proposals to raise tariffs on Chinese goods, given that New Zealand is a close trading partner to China.

The GBP/USD pair struggles to build on the previous day's positive move and faces rejection near the 100-day Simple Moving Average (SMA) during the Asian session on Friday.

The EUR/USD pair plunges to near 1.0780 amid the renewed US Dollar (USD) demand on Friday during the Asian trading hours.

The GBP/USD pair struggles to build on the previous day's positive move and faces rejection near the 100-day Simple Moving Average (SMA) during the Asian session on Friday.

He also said removal or demotion of any Fed board leaders, including himself, is 'not permitted under the law.'

Silver price (XAG/USD) loses ground to near $31.70 per troy ounce during the Asian hours on Friday.

The EUR/JPY cross remains under some selling pressure for the second successive day and drops to a two-week low, around mid-164.00s during the Asian session on Friday.

The USD/CHF pair drifts higher to around 0.8730 during the early European session on Friday.

The USD/CAD pair gains ground to near 1.3880 during the Asian trading session on Friday.

AUD/JPY retraces its recent gains from the previous session, trading around 101.60 during the early European hours on Friday.

The EUR/GBP cross remains on the defensive around 0.8310 on Friday during the early European trading hours.

Here is what you need to know on Friday, November 8: Following two days of highly volatile action, financial markets stay relatively quiet early Friday as investors digest the Federal Reserve's (Fed) policy announcements following Donald Trump's victory in the presidential election.

London stocks were set to rise at the open on Friday at the end of a busy week, as investors mulled rate cuts by the Bank of England and the Federal Reserve.

The US Dollar Index (DXY) maintains its position on daily gains, hovering around 104.50 during European trading hours on Friday.