The Japanese Yen (JPY) adds to strong intraday gains and jumps to a fresh weekly high against a broadly weaker US Dollar (USD) heading into the European session on Thursday.
The Australian Dollar (AUD) has given up its daily gains against the US Dollar (USD) on Thursday. The AUD/USD pair gained ground as easing global trade tensions boosted demand for risk-sensitive currencies like the Aussie Dollar.
On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1963 as compared to the previous day's fix of 7.1956 and 7.2217 Reuters estimate.
The Gold price (XAU/USD) trades with mild gains near $3,180 during the early Asian session on Thursday. However, the potential upside for the yellow metal might be capped in the near term due to better risk appetite and progress in trade talks.
A top adviser to Iran’s supreme leader, Ali Shamkhani, said late Wednesday that Iran is ready to sign a nuclear deal with certain conditions with US President Donald Trump in exchange for lifting economic sanctions, per NBC.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.55 during the Asian trading hours on Thursday. The WTI price tumbles amid a surprise rise in US crude oil inventories and renewed demand concerns.
EUR/USD trimmed momentum sharply on Wednesday, sticking to a flat holding pattern near the 1.1200 handle despite an early pop in bids. European economic data has been largely a non-starter this week, as is typical.
The GBP/JPY retreated on Wednesday, losing over 0.82% after hitting a weekly high of 196.39 earlier during the Asian session. As Thursday's Asian session begins, the GBP/JPY trades at 194.48 flat.
The USD/CAD pair loses ground to near 1.3975 during the early Asian session on Thursday, pressured by a weaker US Dollar (USD). The US Retail Sales and Producer Price Index (PPI) for April will be the highlights later on Thursday, along with the speech from the Fed’s Chair Jerome Powell.
GBP/USD pared recent gains on Wednesday, trimming back to the low side of the 1.3300 handle and falling back into a choppy near-term consolidation phase as investors buckle down for Thursday’s double feature of key data prints from both the United Kingdom (UK) and the United States (US).
Silver price fell 2% on Wednesday amid elevated US Treasury bond yields as investors seemed confident that the US Federal Reserve would not reduce interest rates. At the time of writing, the XAG/USD trades at $32.20, unchanged as the Asian session begins.
Federal Reserve Bank of San Francisco President Mary Daly said late Wednesday that the strength of the US economy allows policymakers to be patient as they wait for more evidence of how the US President Donald Trump’s policies will affect businesses and households, per Bloomberg.
The AUD/NZD pair held near the 1.0900 zone on Wednesday, reflecting a steady bullish tone as the market heads into the Asian session. Price action remains close to the top of its daily range, suggesting that buyers maintain control despite some mixed momentum signals.
Australia’s Unemployment Rate steadied at 4.1% in April from 4.1% in March, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in line with the market consensus.
The Mexican Peso (MXN) extended its gains on Wednesday, hitting a seven-month high against the US Dollar (USD) as the latter retreated somewhat amid an improvement in market sentiment fueled by the US-China trade truce. At the time of writing, USD/MXN trades at 19.39, down 0.98%.
The NZD/JPY cross is trading near the 86.50 zone on Wednesday, down approximately 1% as it approaches the lower end of its daily range ahead of the Asian session.
The Canadian Dollar (CAD) lost a little bit of ground against the US Dollar (USD) on Wednesday, paring away Tuesday’s limited gains and putting USD/CAD back in touch range of the 200-day Exponential Moving Average (EMA) as the Dollar-Loonie pairing struggles to find fresh momentum and slumps into lo
The NZD/USD pair is hovering near the 0.5900 level after giving back earlier gains in Wednesday trading. The pair remains under modest pressure but shows signs of stabilization as price action consolidates near the lower end of the daily range.
The Commodity Futures Trading Commission (CFTC) issued a public warning about imposters posing as officials from its Office of Inspector General, offering fake promises to recover lost money.
The US Dollar (USD) reversed earlier losses and edged higher on Wednesday, as investors shifted away from risk-linked assets amid continued optimism around US trade policy.
US Treasury yields are climbing across the entire yield curve as market participants digest Tuesday’s US inflation data on the consumer side, with traders awaiting the release of the Producer Price Index (PPI) April figures and Retail Sales.
The US Dollar Index (DXY), which measures the value of the US Dollar against a basket of currencies, softened near 100.60 on Wednesday as cooler-than-expected inflation and news of ongoing US-South Korea currency discussions pressured the Greenback.
The Australian Dollar (AUD) is trading near 0.6435 against the US Dollar (USD) on Wednesday, down almost 1%, after failing to break above the 0.6500 psychological level.
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