EUR/USD
The EUR/USD finished Wednesday’s session with decent gains of over 0.17% after the Federal Open Market Committee (FOMC) released its June monetary policy meeting minutes, which showed that some officials are eyeing at least one interest rate cut. As the Asian session begins, the pair trades at 1.1715, virtually unchanged, at the time of writing.
GBP/USD
GBP/USD spun a tight circle on Wednesday, trapped near the 1.3700 handle as traders await any kind of meaningful change to macroeconomic factors. The Trump administration has put the pedal to the metal on new tariff threats, issuing notices of additional double-digit tariffs on a handful of countries.
USD/JPY
USD/JPY sustains its retracement from over a two-week high for the second straight day as reviving safe-haven demand benefits the Japanese Yen. The US Dollar, on the other hand, is pressured by lingering tariff concerns, adding to the downside on the pair.
AUD/USD
AUD/USD grinds higher above 0.6500 in Asian trading on Thursday. The RBA’s hawkish on-hold rate decision earlier this week acts as a tailwind for the pair. Meanwhile, lingering trade concerns undermine the US Dollar, lending further support to the major.
NZD/USD
The NZD/USD pair extends the rally to around 0.6010 during the early Asian session on Thursday. The New Zealand Dollar (NZD) strengthens against the Greenback as the Reserve Bank of New Zealand struck a cautious tone in its latest policy meeting. Traders will keep an eye on the US weekly Initial Jobless Claims, which is due later on Thursday.
USD/CAD
The USD/CAD pair posts a modest gain around 1.3685 during the early Asian session on Thursday, bolstered by a firmer US Dollar (USD). Traders will closely monitor negotiations between the United States and its trading partners. The US weekly Initial Jobless Claims is due later on Thursday.
USD/CHF
The USD/CHF pair gathers strength around 0.7975 during the early European session on Thursday, bolstered by a firmer US Dollar (USD). However, the concerns about renewed trade tensions triggered by US President Donald Trump might cap the upside for the pair.
CRUDE OIL
Oil prices steadied near two-week highs in Asian trading on Thursday as investors assessed new trade tariff announcements by U.S. President Donald Trump, while a sharp increase in U.S. crude inventories highlighted demand worries.
Gold price extends the rebound from weekly lows of $3,283 in Asian trading on Thursday, helped by increased concerns surrounding US President Donald Trump’s latest tariff announcements and falling US Treasury bond yields.
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