The GBP/JPY pair extends its intraday upside move to near 193.00 during the late European session after the announcement of the monetary policy by the Bank of England (BoE).
The Euro (EUR) is soft, down 0.2% vs. the US Dollar (USD) and trading under 1.13 with an extension of Wednesday’s Fed-driven decline, Scotiabank's Chief FX Strategist Shaun Osborne notes.
The Canadian Dollar (CAD) is soft, down 0.3% vs. the US Dollar (USD) and underperforming most of the G10 currencies in an environment of broad USD strength, extending Wednesday’s post-Fed decline, Scotiabank's Chief FX Strategist Shaun Osborne notes.
The US Dollar (USD) is entering Thursday’s NA session with broad strength against all of the G10 currencies and is seeing notable gains vs. Japanese Yen (JPY), Swiss Franc (CHF), Canadian Dollar (CAD), and New Zealand Dollar (NZD), Scotiabank's Chief FX Strategist Shaun Osborne notes.
The US Dollar Index (DXY), which tracks the performance of the US Dollar (USD) against six major currencies, trades flat and dips back below 100.00 before the upcoming announcement by Donald Trump on a “major trade deal” between the United States (US) and, reportedly, the United Kingdom (UK).
The Mexican Peso (MXN) has been swinging between mild gains and losses against the US Dollar (USD) on Thursday, as markets digest stronger-than-expected Mexican inflation data, cautious commentary from the Fed, and the announcement of a US-UK trade deal.
US Dollar (USD) is expected to trade between 7.2070 and 7.2370 vs Chinese Yuan (CNH). In the longer run, USD could range-trade for a few days before resuming its decline; the level to watch is at 7.1700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/CAD climbs after a failed attempt to break key technical support at 1.3800, with ongoing trade uncertainties keeping pressure on the Canadian Dollar (CAD), BBH FX analysts report.
The USD/CHF pair moves higher above 0.8250 during European trading hours on Thursday. The Swiss Franc pair gains as the US Dollar (USD) trades higher after the Federal Reserve (Fed) signaled that it is in no hurry to lower interest rates.
Bias for US Dollar (USD) is tilted to the upside vs Japanese Yen (JPY), with scope for a test of 144.30. In the longer run, USD is still consolidating; moderating price swings point to a tighter range of 142.20/145.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY has firmed above 144.00 as dovish BoJ signals and downgraded forecasts reinforce the view that Japan’s rate hike cycle is near its end, BBH FX analysts report.
The BoE is expected to deliver a 25bps rate cut and a dovish tone, with EUR/GBP likely to rise as inflation undershoots and growth concerns persist, Danske Bank's FX analysts report.
GBP is outperforming most major currencies. The prospect of a UK-US trade deal significantly reduces the downside risk to UK economic activity, BBH FX analysts report.
With the Fed's 'lack of urgency'-signal being in line with expectations the market reaction proved very limited upon announcement, Danske Bank's FX analysts report.
EUR/NOK is retreating after a failed breakout above 12.05, with focus shifting to support near the 50-DMA and downside targets at 11.60 and 11.45, Société Générale's FX analysts note.
The GBP/USD rally is showing signs of fatigue near major resistance at 1.3430–1.3500, with momentum fading and key support at 1.3230 now under close watch, Société Générale's FX analysts note.
As expected, the Fed left interest rates unchanged yesterday. At the same time, Fed Chairman Jerome Powell was keen to stress that the Fed is in no hurry to cut rates.
It was a choppy session for the oil market yesterday. Initially, Brent rallied amid growing hopes of de-escalation in trade tensions between China and the US, with talks set to start this weekend, ING's commodity experts Ewa Manthey and Warren Patterson note.
Following a social media post from President Trump last night that a major trade deal would be announced at 16CET/10ET today, speculation is rife that it will be a US-UK agreement.
Important Information Before You Sign Up as a Company
Before you proceed, please read this important information about our review and rating policies.
Do – Get real customer reviews and embed our ratings widgets
Do – Get real customer reviews and embed our ratings widgets
Showcasing real experiences builds trust and drives long-term success. Our widgets highlight authentic customer feedback, boosting credibility. They link directly to your review page, making it easy for customers to share their experiences—so place them where happy clients can see and contribute.
Don't – Attempt to trick our system with fake reviews
Don't – Attempt to trick our system with fake reviews
We outperform other platforms in detecting fake reviews—our system gets smarter with more reviews. Using automated and human analysis, we monitor review trends, company history, and network and engagement patterns to flag suspicious reviews. Spam reviews appear in the spam tab, alerting the community, and repeated abuse may trigger manual violations. The best strategy? Rely on real, satisfied customers to build your rating honestly.