Trading news

The USD/JPY pair extends the previous day's modest pullback from the 156.80-156.85 region, or a two-week high, and attracts some follow-through selling during the Asian session on Thursday.

NZD/USD extends its gains for the third consecutive day, trading around 0.6000 during the Asian hours on Thursday. The pair appreciates as the US Dollar (USD) remains under pressure amid ongoing uncertainty over the White House’s economic policies.

Gold (XAU/USD) attracts some dip-buyers following the previous day's late pullback and climbs back closer to the $5,200 mark during the Asian session on Thursday.

The Pound Sterling (GBP) holds onto weekly gains around 1.3565 against the US Dollar (USD) during the Asian trading session on Thursday. The GBP/USD pair trades firmly as the US Dollar remains under pressure due to uncertainty surrounding the United States (US) trade policy outlook.

The EUR/JPY cross loses ground to around 184.35 during the Asian trading hours on Thursday. The Japanese Yen (JPY) strengthens against the Euro (EUR) on hawkish comments from the Bank of Japan (BoJ) policymakers.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, extends its losses for the second successive session and is trading around 97.50 during the Asian hours on Thursday.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.60 during the Asian trading hours on Thursday. The WTI price edges higher amid ongoing tensions between the US and Iran.

Silver price (XAG/USD) extends its gains for the second successive day, trading around $90.00 per troy ounce during the Asian hours on Thursday. Precious metals, including Silver, draw renewed safe-haven demand amid uncertainty surrounding the White House’s economic policies.

The USD/CAD pair drifts lower for the second consecutive day on Thursday and moves away from the monthly peak, touched earlier this week. Spot prices currently trade around the 1.3665 region, down nearly 0.20% for the day, though the downside seems limited ahead of the crucial US-Iran nuclear talks.

Bank of Japan (BoJ) Board Member Hajime Takata said on Thursday that central bank must conduct further rate hikes in gradual manner.

On Thursday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.9228 compared to the previous day's fix of 6.9321 and 6.8605 Reuters estimate.

The EUR/USD pair builds on the previous day's modest gains and attracts some buyers for the second straight day on Thursday amid a softer US Dollar (USD). Spot prices, however, lack bullish conviction and trade around the 1.1815-1.1820 area during the Asian session, up 0.10% for the day.

AUD/USD remains stronger for the third successive session, trading around 0.7120 during the Asian hours on Thursday.

South Korea BoK Interest Rate Decision meets forecasts (2.5%)

The USD/JPY pair drifts lower to near 156.15 during the early Asian session on Thursday. The US Dollar (USD) softens against the Japanese Yen (JPY) amid US tariff uncertainty.

Australia Private Capital Expenditure registered at 0.4% above expectations (0%) in 4Q

GBP/USD rose 0.42% on Wednesday, recovering toward 1.3600 in a session shaped by softer-than-expected UK inflation data and broad US Dollar weakness.

NZD/USD rose 0.52% on Wednesday, climbing back into the 0.6000 handle after the US Dollar came under broad selling pressure.

New Zealand ANZ Business Confidence dipped from previous 64.1 to 59.2 in February

US Secretary of State Marco Rubio said on Thursday that Iran poses a very grave threat to the United States and has for a very long time. Rubio added that talks Thursday will focus on the nuclear programme.