The US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, is trading flat near 100.70 on Thursday as the market digests the Federal Reserve's (Fed) 50-basis-point (bps) cut.

The Federation of Unions of South Africa (Fedusa) said the 25-basis point cut in the repo rate will have a positive effect on workers and households already burdened by the high cost of living and affordability.

The Bank of Japan is anticipated to maintain its policy rate unchanged.

US Treasury Secretary Janet Yellen said on Friday that the US Federal Reserve (Fed) rate cut is very positive sign for the US economy.

Japan’s National Consumer Price Index (CPI) climbed 3.0% YoY in August, compared to the previous reading of 2.8%, according to the latest data released by the Japan Statistics Bureau on Friday, Further details unveil that the National CPI ex Fresh food arrived at 2.8% YoY in August versus 2.7% prior.

The Japanese Yen (JPY) trims its daily gains following the post-meeting comments from Bank of Japan (BoJ) Governor Kazuo Ueda.

SA will not necessarily mirror the US on interest rates.

BoE governor says the central bank needed “to be careful not to cut too fast or by too much” as UK inflation stays above its target.

The AUD/JPY cross loses ground around 97.05, snapping the four-day winning streak during the Asian trading hours on Friday.

Speaking at the post-policy meeting press conference on Friday, Bank of Japan (BoJ) Governor Kazuo Ueda said that the Bank “will keep adjusting the degree of easing if our economic and price outlooks are to be realized.” The BoJ left the benchmark interest rate at 0.15%-0.25% following its September policy meeting.

The EUR/JPY cross gains momentum around 160.00 during the early European session on Friday.

Officials at the Bank of Japan decided to leave interest rates unchanged on Friday, as the central bank upgraded its few on consumption and signalled greater confidence in the economic recovery.

Gold (XAU/USD) breaks to a new record high in the $2,610s on Friday on heightened expectations that global central banks will follow the Federal Reserve (Fed) in easing policy and slashing interest rates.

Governor Andrew Bailey sounded a note of caution when he said it is “vital that inflation stays low”

The USD/JPY delivers a sharp rally to near 144.00 in Friday’s European session.

The US Dollar (USD) trades broadly steady on Friday after Thursday’s sharp decline, when traders revalued the Greenback after the US Federal Reserve (Fed) joined the European Central Bank (ECB) and several others by starting its interest-rate cutting cycle.