Trading news

The GBP/USD pair extends the decline to near 1.3625 during the Asian trading hours on Thursday. The Pound Sterling (GBP) faces some selling pressure amid a selloff in British government bonds.

AUD/JPY retraces its recent gains from the previous session, trading around 94.50 during the Asian hours on Thursday. As per the technical analysis of the daily chart, the currency cross remains within the ascending channel pattern, indicating a prevailing bullish bias.

EUR/USD remains subdued for the second successive session, trading around 1.1800 during the Asian hours on Thursday.

EUR/JPY remains steady following recent gains registered in the previous session, trading around 169.50 during the Asian hours on Thursday.

Silver (XAG/USD) attracts some sellers near the $36.55-$36.60 region during the Asian session on Thursday and erodes a part of the previous day's strong move up to the top end of the weekly range.

South Korean President Lee Jae-myung said on Thursday that “US tariff negotiations looking very difficult.”

The Japanese Yen (JPY) trades with a mild positive bias against a bearish US Dollar (USD) during the Asian session on Thursday and remains close to a nearly one-month peak touched earlier this week.

The NZD/USD pair loses traction to near 0.6080 during the Asian trading hours on Thursday. The New Zealand Dollar (NZD) weakens against the US Dollar (USD) after the disappointing Chinese economic data. The US Nonfarm Payrolls (NFP) data for June will be the highlight later on Friday. 

The Australian Dollar (AUD) holds losses against the US Dollar (USD) on Thursday following the release of key economic data.

Bank of Japan (BoJ) Board Member Hajime Takata said on Thursday that the Japanese central bank is currently only pausing its policy rate hike cycle and it should continue to make a ‘gear shift’ after a certain period of ‘wait and see.’

China's Services Purchasing Managers' Index (PMI) fell to 50.6 in June from 51.1 in May, the latest data published by Caixin showed on Thursday.

China Caixin Services PMI came in at 50.6, below expectations (51) in June

Australia’s Trade Surplus narrowed to 2,238M MoM in May versus 5,091M expected and 4,859M (revised from 5,431M) in the previous reading, according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday.

Australia Exports (MoM) fell from previous -2.4% to -2.7% in May

Australia Trade Balance (MoM) came in at 2238M below forecasts (5091M) in May

Australia Imports (MoM) rose from previous 1.1% to 3.8% in May

On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1523 as compared to the previous day's fix of 7.1546 and 7.1618 Reuters estimate.

New Zealand ANZ Commodity Price down to -2.3% in June from previous 1.9%

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, remains on the defensive near 96.70 during the early Asian session on Thursday.

Japan Jibun Bank Services PMI above expectations (51.5) in June: Actual (51.7)