EUR/USD
The EUR/USD pair rebounds from over a three-week low, around the 1.0735-1.0730 area touched during the Asian session on Thursday, and for now, seems to have snapped a six-day losing streak. The momentum lifts spot prices to the 1.0780 region, or a fresh daily high in the last hour, and is sponsored by renewed US Dollar (USD) selling bias.
GBP/USD
GBP/USD recovers its recent losses from the previous session, climbing to around 1.2910 during Thursday’s Asian session. The pair is strengthening as the US Dollar (USD) remains under pressure due to declining Treasury yields, with the 2-year and 10-year yields hovering at 4.0% and 4.34%, respectively. Market participants are closely monitoring upcoming US economic data, including weekly Initial Jobless Claims and the final Q4 Gross Domestic Product (GDP) Annualized report, set for release later in the day.
USD/JPY
USD/JPY is dropping to test 150.00 in the Asian session on Thursday. The pair meets fresh supply in tandem with the US Dollar on US President Trump’s latest tariff exemption announcement. Further, hawkish BoJ bets and the risk-off impulse also underpin the safe-haven Japanese Yen, aiding the latest leg down
AUD/USD
AUD/USD has turned positive and regains 0.6300 in Thursday’s Asian session. The US Dollar sees a sharp pullback from three-week highs after US President Trump announced some tariff exemptions on auto part imports, supporting the pair. However, buyers remain caution amid fears of global trade war escalation.
NZD/USD
The NZD/USD pair edges lower to around 0.5730 during the early Asian session on Thursday. The fears of a global trade war ahead of US plans to unveil next week a swath of reciprocal tariffs and the rising expectation of the Reserve Bank of New Zealand (RBNZ) rate cut weigh on the Kiwi.
USD/CAD
USD/CAD remains subdued for the fourth consecutive day, hovering around 1.4260 during Asian trading hours on Thursday. The pair is under pressure as the US Dollar (USD) weakens amid declining Treasury yields.
USD/CHF
The USD/CHF pair rebounds after two consecutive days of losses, trading around 0.8840 during Asian hours on Thursday. The pair strengthens as the US Dollar (USD) finds support amid prevailing market caution ahead of US President Donald Trump’s upcoming tariff announcement on April 2.
CRUDE OIL
Oil prices edged up on Thursday on concerns about tighter global supply after U.S. tariff threats on Venezuelan oil buyers and earlier sanctions on Iranian oil buyers, while traders weighed the impact of U.S. President Donald Trump’s auto tariffs.
The gold price is finding fresh demand above $3,000 early Thursday, following a lacklustre performance on Wednesday. Gold buyers try their luck and aim for the record high of $3,058 once again as they near Friday’s US inflation test.
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