USD/JPY recovers on de-escalating US-China trade tensions ahead of critical NFP report
USD/JPY recovers on de-escalating US-China trade tensions ahead of critical NFP report
The Japanese Yen (JPY) is weakening against the US Dollar (USD) on Thursday following news of a productive phone call between US President Donald Trump and Chinese President Xi Jinping.
USDJPY
Fundamental Analysis
Majors
Macroeconomics
Technical Analysis
Australian Dollar climbs despite weak trade balance data, NFP in focus
Australian Dollar climbs despite weak trade balance data, NFP in focus
The Australian Dollar (AUD) extends its rally against the US Dollar (USD) for a second day on Thursday, brushing aside weak domestic data as the Greenback loses ground following a string of disappointing US economic releases.
AUDUSD
Fundamental Analysis
TradeBalance
BoC Deputy Governor Kozicki: Many businesses expect activity to weaken in the near term
BoC Deputy Governor Kozicki: Many businesses expect activity to weaken in the near term
Bank of Canada (BoC) Deputy Governor Sharon Kozicki warned on Thursday that a growing number of Canadian businesses are bracing for a general slowdown in overall activity in the coming months, which could undercut job growth performance and put downward pressure on the Canadian economy.
BOC
Canada
CentralBanks
Fed's Kugler: I see greater upside risks to inflation and downside risks to employment
Fed's Kugler: I see greater upside risks to inflation and downside risks to employment
Federal Reserve (Fed) Board of Governor member Adrianna Kugler noted on Thursday that although growth remains firm (albeit subdued) and Fed policy appears to be holding at a moderate level, key risks are growing, specifically in regards to inflation and a growing bubble of layoff intentions from bus
Fed
CentralBanks
Inflation
Carney and Trump are holding secret talks, US ambassador says
Carney and Trump are holding secret talks, US ambassador says
They aim to hammer out a trade and security framework
Politics
The Trump-Musk divorce is official
The Trump-Musk divorce is official
Trump comments on Elon Musk
USD
Stocks
Trump says call with Xi went 'very well'
Trump says call with Xi went 'very well'
Trump reiterates positive take on the phone call
Politics
Silver prices surge to multi-year highs, posting intraday gains near 3.50%
Silver prices surge to multi-year highs, posting intraday gains near 3.50%
Silver (XAG/USD) surged sharply on Thursday, rallying nearly 4% intraday and reaching their highest level in more than a decade, as precious metals continue to attract investors amid escalating trade tensions and increased US Dollar outflows. 
Silver
XAGUSD
Technical Analysis
Metals
Fundamental Analysis
US Pres. Trump: Concluded a very good phone call with President Xi of China
US Pres. Trump: Concluded a very good phone call with President Xi of China
United States (US) President Donald Trump said on Truth Social on Thursday that he had a "very good phone call" with Chinese President Xi Jinping, during which they discussed the intricacies of the trade deal.
UnitedStates
China
Politics
Macroeconomics
USD/CAD slips below 1.3650 as US jobless claims rise, Canada’s PMI contract
USD/CAD slips below 1.3650 as US jobless claims rise, Canada’s PMI contract
USD/CAD extended its losses on Thursday amid a busy schedule on both sides of the border, with US unemployment benefits data coming in above forecasts. At the same time, Canada’s Ivey PMI shows that business activity contracted for the second straight month.
USDCAD
Majors
Currencies
Macroeconomics
EUR/USD climbs to six-week high as ECB cuts interest rates, US Jobless Claims disappoint
EUR/USD climbs to six-week high as ECB cuts interest rates, US Jobless Claims disappoint
The Euro (EUR) edges higher against the US Dollar (USD) on Thursday, following choppy price action, as traders react to the European Central Bank’s (ECB) widely expected interest rate cut and disappointing US Initial Jobless Claims, which weigh on the Greenback.
EURUSD
Eurozone
ECB
InterestRate
Goldman Sachs: What we expect from tomorrow's US May payrolls
Goldman Sachs: What we expect from tomorrow's US May payrolls
Non-farm payrolls will be released Friday, June 6
GBP/USD advances to multi-year highs above 1.3600 on renewed USD weakness
GBP/USD advances to multi-year highs above 1.3600 on renewed USD weakness
GBP/USD gained traction in the American session on Thursday and climbed to its highest level since February 2022 above 1.3600. At the time of press, the pair was up 0.4% on the day at 1.3605.
Majors
GBPUSD
Currencies
Macroeconomics
Commodity currencies climb as Xi and Trump hold a phone call
Commodity currencies climb as Xi and Trump hold a phone call
Still waiting for details and readout. Big moment in markets
Lagarde speech: Getting to the end of the monetary policy cycle
Lagarde speech: Getting to the end of the monetary policy cycle
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to lower key rates by 25 basis points at the June policy meeting and responds to questions from the press.
CentralBanks
ECB
Lagarde speech: We are in a good place after 25 bps rate cut today
Lagarde speech: We are in a good place after 25 bps rate cut today
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to lower key rates by 25 basis points at the June policy meeting and responds to questions from the press.
ECB
CentralBanks
Lagarde speech: Survey data point to some weaker prospects in near term
Lagarde speech: Survey data point to some weaker prospects in near term
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB's decision to lower key rates by 25 basis points at the June policy meeting and responds to questions from the press.
ECB
CentralBanks
US President Trump and Chinese President Xi hold phone call – Xinhua
US President Trump and Chinese President Xi hold phone call – Xinhua
According to Xinhua news agency, United States (US) President Donald Trump and Chinese President Xi Jinping held a phone call on Trump's request to engage in discussions and reflect ongoing diplomatic communication amidst tensions.
UnitedStates
China
Macroeconomics
AUDUSD
US weekly Initial Jobless Claims rise to 247K vs. 235K expected
US weekly Initial Jobless Claims rise to 247K vs. 235K expected
There were 247,000 initial jobless claims in the week ending May 31, according to data published Thursday by the United States (US) Department of Labor (DOL). This figure followed the previous week's print of 239,000 (revised from 240,000) and came in worse than the market expectation of 235,000.
UnitedStates
Employment
EconomicIndicator
Macroeconomics
US initial jobless claims 247K vs 235K expected
US initial jobless claims 247K vs 235K expected
Weekly US initial jobless claims and continuing claims data for the week ending May 31, 2025
US April trade balance -61.6B vs -70.0B expected
US April trade balance -61.6B vs -70.0B expected
April 2025 US international trade balance data
USD/INR holds near 85.85 as markets brace for RBI's interest rate decision and US NFP
USD/INR holds near 85.85 as markets brace for RBI's interest rate decision and US NFP
The Indian Rupee (INR) is trading flat against the US Dollar (USD) on Thursday during the American session, as USD/INR trims its earlier losses despite weaker US labor market data.
USDINR
India
Fundamental Analysis
Technical Analysis
ICYMI: NY Fed survey found most firms passed through tariffs to their customers
ICYMI: NY Fed survey found most firms passed through tariffs to their customers
Some findings from the NY Fed survey on tariffs passthrough
market overview
ForexLive European FX news wrap: Currencies little changed while silver jumps, ECB up next
ForexLive European FX news wrap: Currencies little changed while silver jumps, ECB up next
Forex news from the European morning session on Jun 5, 2025
Session wrap
Wrap Europe
USD/CAD dips to test YTD lows at 1.3650 amid generalised Dollar weakness
USD/CAD dips to test YTD lows at 1.3650 amid generalised Dollar weakness
The US Dollar’s recovery has been short-lived.
USDCAD
Currencies
BOC
JPY is soft and fading from range high – Scotiabank
JPY is soft and fading from range high – Scotiabank
Japanese Yen (JPY) is soft, down 0.3% against the US Dollar (USD) and underperforming all of the G10 currencies as it fades a portion of Wednesday’s push toward the upper end of its local range, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDJPY
Banks
Technical Analysis
BOJ
Japan
GBP is extending recent gains – Scotiabank
GBP is extending recent gains – Scotiabank
Pound Sterling (GBP) is up a modest 0.2% against the US Dollar (USD), outperforming most of the G10 currencies as it pushes toward last week’s multi-year high, Scotiabank's Chief FX Strategist Shaun Osborne notes.
GBPUSD
Banks
Technical Analysis
NZD/USD Price Forecast: Sets to rally towards 0.6100
NZD/USD Price Forecast: Sets to rally towards 0.6100
The NZD/USD pair posts a fresh seven-month high near 0.6055 on Thursday. The Kiwi pair strengthens as the New Zealand Dollar (NZD) outperforms across the board despite growing uncertainty over trade relations between the United States (US) and China.
NZDUSD
Fed
China
UnitedStates
TradeWar
US Challenger May layoffs 93.82k vs 105.44k prior
US Challenger May layoffs 93.82k vs 105.44k prior
Latest data released by Challenger, Gray & Christmas, Inc. - 5 June 2025
CAD holds near yesterday’s high on soft USD, unfazed by BoC – Scotiabank
CAD holds near yesterday’s high on soft USD, unfazed by BoC – Scotiabank
The Canadian Dollar (CAD) is steady, holding near yesterday’s high against the US Dollar (USD). The BoC’s 'dovish hold' outcome yesterday was largely as expected, Scotiabank's Chief FX Strategist Shaun Osborne notes.
USDCAD
Banks
Technical Analysis
BOC
Canada
EUR quietly consolidating on mixed data ahead of ECB – Scotiabank
EUR quietly consolidating on mixed data ahead of ECB – Scotiabank
EUR is quietly consolidating in a tight range just above 1.14, entering Thursday’s NA session unchanged from Wednesday’s close, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Banks
Technical Analysis
EURUSD
ECB