EUR/USD
EUR/USD retreats late Wednesday during the North American session, registers losses of over 0.30% as US President Donald Trump refrained from its threats of imposing tariffs over eight European countries over discussions of Greenland.
GBP/USD
The GBP/USD pair gains ground to near 1.3435 during the early European session on Thursday. The Pound Sterling (GBP) edges higher against the US Dollar (USD) as UK inflation rose more than expected in December. Markets might turn cautious later in the day ahead of a slew of US economic data.
USD/JPY
The USD/JPY pair trades in positive territory around 158.30 during the early Asian session on Thursday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) amid hopes for a solution in US President Donald Trump’s ambitions for Greenland that would avoid tariffs.
AUD/USD
The Australian Dollar advances against the US Dollar (USD) on Thursday, following the seasonally adjusted employment data from Australia, which strengthens expectations of tighter monetary policy from the Reserve Bank of Australia (RBA)
NZD/USD
NZD/USD extends its winning streak for the fifth consecutive session, trading around 0.5860 during the early European hours on Thursday. The pair gains ground as the New Zealand Dollar (NZD) receives support amid easing risk aversion after US President Donald Trump said he would step back from imposing tariffs on goods from European nations opposing his effort to take possession of Greenland.
USD/CAD
USD/CAD remains in the negative territory for the fourth consecutive session, trading around 1.3830 during the Asian hours on Thursday. The pair weakened as the commodity-linked Canadian Dollar (CAD) strengthened on higher Oil prices, reflecting Canada’s role as the largest crude exporter to the United States (US).
USD/CHF
The USD/CHF pair clings to Wednesday’s recovery move near 0.7950 during the late Asian trading session on Thursday. The Swiss Franc pair rebounded after correcting sharply in January 19-20 as the US Dollar (USD) attracted bids, following United States (US) President Donald Trump’s speech at the World Economic Forum (WEF) in Davos.
CRUDE OIL
Oil prices edged up on Thursday, after U.S. President Donald Trump ratcheted down tension with Europe over his demand for Greenland, while disruptions in supply from two large fields in Kazakhstan and a better demand outlook for 2026 lent support.
Gold (XAU/USD) recovers a major part of Asian session losses on Thursday and currently trades around the $4,925 region, or nearly unchanged for the day amid mixed cues. US President Donald Trump pulled back from his threat to slap additional tariffs on eight European nations and ruled out seizing Greenland by force. This, in turn, triggers a fresh wave of the global risk-on trade and acts as a headwind for the safe-haven precious metal.
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