EUR/USD
The EUR/USD pair attracts some buyers for the second straight day, though it lacks follow-through and remains confined within the previous day’s range during the Asian session on Thursday. Spot prices currently trade around the 1.1420 area, up less than 0.10% for the day, and remain at the mercy of the US Dollar (USD) price dynamics.
GBP/USD
The GBP/USD pair gathers strength near 1.3395 during the Asian trading hours on Thursday, bolstered by fading domestic political uncertainty. However, hawkish minutes from the Federal Reserve (Fed) and renewed tensions between the US and Iran might support the US Dollar (USD) and cap the upside for the major pair.
USD/JPY
The USD/JPY pair edges lower during the Asian session on Thursday and, for now, seems to have snapped a four-day winning streak, though it lacks bearish conviction. Spot prices currently trade just below mid-162.00s and remain within striking distance of a four-decade high touched last Wednesday.
AUD/USD
AUD/USD gains ground after remaining flat in the previous day, trading around 0.6930 during the Asian hours on Thursday. The currency pair maintains its position as the Australian Dollar (AUD) moves little following the Consumer Price Index (CPI) inflation data release from New Zealand’s close trading partner, China. Market attention will shift toward the US weekly Initial Jobless Claims report for further direction.
NZD/USD
NZD/USD extends its gains for the second successive day, trading around 0.5720 during the Asian hours on Thursday. The pair holds gains as the New Zealand Dollar (NZD) remains stronger following the Consumer Price Index (CPI) inflation data release from New Zealand’s close trading partner, China.
USD/CAD
The USD/CAD pair loses ground to near 1.4165 during the Asian trading hours on Thursday. A rise in crude oil prices provides some support to the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD). Traders await the US weekly Initial Jobless Claims report later on Thursday.
USD/CHF
USD/CHF remains subdued for the second successive day, trading around 0.8070 during the Asian hours on Thursday. The pair faces challenges as the US Dollar (USD) struggles following the release of Wednesday’s Federal Reserve (Fed) Meeting Minutes.
CRUDE OIL
Oil prices rose more than a dollar a barrel in post-settlement trade on Wednesday after the U.S. military began launching fresh strikes on Iran.
Gold (XAU/USD) trades with a negative bias for the fourth straight day on Thursday and remains well within striking distance of a one-week low, around the $4,020 region set the previous day. Renewed US-Iran hostilities revive inflation fears and bolster bets on a US Federal Reserve (Fed) rate increase in 2026, which continues to undermine the non-yielding yellow metal through the Asian session. Meanwhile, the US Dollar (USD) remains on the back foot in the absence of a notable hawkish shift in the FOMC Minutes, acting as a tailwind for bullion.
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