EUR/USD
The EUR/USD pair declines to around 1.1355 during the early Asian trading hours on Thursday. The Euro (EUR) weakens to its lowest level since June 2025 against the US Dollar (USD) as traders increase their bets on US interest rate hikes later this year. The US May Personal Consumption Expenditures (PCE) inflation data will be the highlight on Thursday.
GBP/USD
The GBP/USD pair recovers some lost ground to near 1.3175 during the Asian trading hours on Thursday. However, the potential upside for the major pair might be limited amid UK political instability and rising expectations of US interest rate hikes this year. Traders await the US May Personal Consumption Expenditures (PCE) inflation data on Thursday for fresh impetus.
USD/JPY
The USD/JPY pair edges lower during the Asian session on Thursday, albeit it lacks follow-through and finds support ahead of the 161.50 level. Nevertheless, spot prices remain well within striking distance of a 40-year high as traders look forward to the US Personal Consumption Expenditures (PCE) Price Index for a fresh impetus.
AUD/USD
AUD/USD continues its losing streak for the eighth consecutive day, trading around 0.6900 during the Asian hours on Thursday. The pair remains subdued as the Australian Dollar (AUD) holds losses following the release of domestic labor market data.
NZD/USD
The NZD/USD pair attracts sellers for the seventh straight day and drifts back closer to its lowest level since November 25, set the previous day. Spot prices currently trade around the 0.5640-0.5635 region and seem vulnerable amid a bullish US Dollar (USD).
USD/CAD
USD/CAD halts its winning streak that began on June 10, trading around 1.4230 during the Asian hours on Thursday. The currency pair depreciate as the US Dollar (USD) declines despite rising market expectations of Federal Reserve (Fed) interest rate hikes later this year.
USD/CHF
The Swiss Franc (CHF) slides to its weakest level in more than ten months on Wednesday as hawkish Federal Reserve (Fed) outlook boosts the US Dollar (USD). At the time of writing, USD/CHF trades around 0.8126, extending its gains for a sixth consecutive day.
CRUDE OIL
Oil prices fell for a fourth consecutive session on Thursday, sliding to their lowest levels since before the Iran war as concerns over disruptions to Middle East crude supplies continued to ease amid improving traffic through the Strait of Hormuz.
Gold (XAU/USD) meets with a fresh supply during the Asian session on Thursday and slides back to the lowest level since November 2025, set the previous day. The commodity retains bearish bias for the third straight day as traders look forward to the release of the US Personal Consumption Expenditures (PCE) Price Index. The crucial data will dictate the Federal Reserve’s (Fed) policy path and directly affect the non-yielding bullion.
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