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Gold stayed below its September peak as US Treasury yields rose after strong jobs data, with emerging market central banks' purchases at a March low.
Wall Street is bullish on the pound, expecting it to hit 1.35 by year-end and 1.40 in 12 months, though some investors are neutral on sustainability.
Oil prices edged up Thursday as investors evaluated the impact of the escalating Middle East conflict against a well-supplied global market.
Money managers are trading Latin American assets, seeking winners as major economies diverge after the Fed's first rate cut in four years.
Japan's Nikkei rose 1.5% after a 4.8% drop Monday, as investors reacted to Shigeru Ishiba, viewed as a monetary policy hawk, becoming prime minister.
Analysts stayed bullish on Asian currencies, especially the Malaysian ringgit and Thai baht, as the US dollar weakened on dovish Fed expectations.
The China A50 is set for its best week since 2008, pushing Asian shares to 2.5-year highs, while falling oil prices support global disinflation.
On September 24, the Hong Kong stock market surged, achieving its biggest one-day gain in 18 months, fueled by Federal Reserve rate cut expectations.
Oil prices were stable on Thursday as rising US fuel demand and falling stockpiles offset concerns about weak demand, particularly in China.
On Wednesday, antipodean currencies hit multi-month highs, and the yuan reached a year-long peak, driven by China's aggressive stimulus.
On Tuesday, the British pound held a two-and-a-half-year high due to a hawkish BOE, but strategists warn the UK budget could impact sentiment.
Gold held steady above $2,600 on Monday, supported by prospects of further US rate cuts and increased global geopolitical uncertainty.
Oil prices were steady in early Asian trade on Friday, set to rise for a second week due to a US interest rate cut and declining global stockpiles.
Asian stocks rose after the Fed's rate cut, while US stocks fell amid volatility. Concerns grow that the cut signals economic trouble.
