EUR/USD
The EUR/USD pair loses ground to around 1.0465 during the Asian trading hours on Thursday. The Euro (EUR) weakens after US President Donald Trump threatened to slap 25% tariffs on the European Union. Investors await the release of the estimate of US Gross Domestic Product (GDP) for the fourth quarter (Q4) and the weekly Initial Jobless Claims for fresh impetus, which are due later on Thursday.
GBP/USD
GBP/USD depreciates after two consecutive sessions of gains, trading around 1.2660 during Asian hours on Thursday. The pair loses ground as the US Dollar (USD) strengthens amid increased risk aversion and rising US Treasury yields.
USD/JPY
USD/JPY gains meaningful traction above 149.00, jumping off year-to-date (YTD) lows in Thursday’s Asian affair. The US Dollar holds the rebound and offsets the BoJ rate hike bets-led Japanese Yen strength, allowing the pair to stage a comeback ahead of top-tier US data.
AUD/USD
AUD/USD has come under moderate selling pressure and trades back below 0.6300 in Asian trading on Thursday. The pair is unermuned by an extended US Dollar rebound and a weak Australian Private Capex data amid a cautious risk tone on taiff concerns. The Aussie fades hawkish RBA-speak led uptick.
NZD/USD
The NZD/USD pair remains on the defensive around 0.5695 during the early Asian session on Thursday. The tariff uncertainty from US President Donald Trump weighs on the New Zealand Dollar (NZD). Investors brace for the preliminary reading of Gross Domestic Product (GDP) for the fourth quarter (Q4), which is due later on Thursday.
USD/CAD
The USD/CAD pair continues its winning streak for the fifth successive day, trading around 1.4360 during the Asian hours on Thursday.
USD/CHF
The USD/CHF pair edges higher to near 0.8950, snapping the four-day losing streak on Thursday during the early European trading hours. The US Dollar (USD) recovers from an 11-week low despite weak US economic data and tariff worries from US President Donald Trump.
CRUDE OIL
Oil prices edged up from two-month lows on Thursday after U.S. President Donald Trump announced a reversal of a license given to Chevron (NYSE:CVX) to operate in Venezuela, potentially tightening crude supply.
Gold price is unable to hold on to the modest gains booked on Wednesday as buyers and sellers enter a tug-of-war situation early Thursday, courtesy of the uncertainty around US President Donald Trump’s tariff plans and lingering US economic concerns.
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