EUR/USD
EUR/USD remains bogged down on the carts, caught in the much between 1.1000 and 1.0900 despite a broad-market recovery in investor risk appetite after the US once again pivoted away from its own tariff policies. US President Donald Trump announced via social media post that his administration would be delaying “reciprocal” tariffs for 90 days, albeit with a 10% across-the-board levy remaining on the cards for the time being. Global investors promptly found the buy button on the news, however, the Euro’s brief rally into the 1.1100 handle quickly evaporated to leave Fiber in familiar congestion territory.
GBP/USD
GBP/USD tested higher on Wednesday, climbing back over the 1.2800 handle after broad-market sentiment recovered across the board. The Trump administration has once again pivoted away from its own “no exceptions, no delays” tariff policy, and has again delayed tariffs, this time for 90 days.
USD/JPY
USD/JPY has come under intense selling presure and drops below 147.00 in the Asian session on Thursday. The US-China trade war escalation and the divergent BoJ-Fed policy expectations underpin the Japanese Yen and weigh heavily on the pair amid a renewed US Dollar downtick. US CPI awaited.
AUD/USD
AUD/USD has picked up fresh bids and regained 0.6150 in Thursday’s Asian trading, resuming the previous recovery led by US President Trump’s decision for an immediate 90-day tariff pause for many countries. However, escalating US-China trade war and Chinese disinflation could limit the Aussie’s upswimg.
NZD/USD
The NZD/USD pair softens to near 0.5630 during the early Asian section on Thursday. The New Zealand Dollar (NZD) remains weak against the Greenback after the release of China’s Consumer Price Index (CPI) report. Later on Thursday, the attention will shift to the US March CPI inflation data.
USD/CAD
The USD/CAD pair recovers some lost ground to near 1.4105 during the early Asian session on Thursday. The US Dollar (USD) edges higher against the Canadian Dollar (CAD) due to US President Donald Trump’s announcement of a 90-day delay on reciprocal tariffs. The US Consumer Price Index (CPI) inflation report will take center stage later on Thursday.
USD/CHF
The USD/CHF pair extends its downside to near 0.8435 during the early European session. The Swiss Franc (CHF) edges higher against the US Dollar (USD) as traders seek refuge from the intensifying market turmoil caused by US President Donald Trump’s sweeping tariffs and fears of a global recession.
CRUDE OIL
Oil prices fell in Asian trade on Thursday following weak inflation data from top importer China, as it gears up for a renewed trade war with the United States.
Gold price is biding time near $3.100 in Asian trading session on Thursday, gathering strength for the next push higher. The further upside in the Gold price depends on the upcoming US Consumer Price Index (CPI) data.
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