The USD/CAD pair clings to losses near an almost three-week low around 1.3600 during the Asian trading session on Thursday.
The Indian Rupee (INR) opens on a positive note against the US Dollar (USD) on Thursday after a five-day losing streak.
The EUR/USD pair extends its upside to around 1.1775 during the early European session on Thursday. The Euro (EUR) edges higher against the US Dollar (USD) amid hope for the European Union (EU) and the United States (US) trade deal.
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India HSBC Composite PMI: 60.7 (July) vs previous 61
India HSBC Manufacturing PMI: 59.2 (July) vs 58.4
India HSBC Services PMI: 59.8 (July) vs previous 60.4
The USD/CHF pair enters a bearish consolidation phase during the Asian session on Thursday and oscillates in a range around the 0.7920 area, close to a three-week low touched the previous day.
GBP/USD remains steady after four days of gains, trading around 1.3580 during the Asian hours on Thursday.
Gold prices remained broadly unchanged in India on Thursday, according to data compiled by FXStreet.
The AUD/JPY cross declines to near 96.60 during the Asian trading hours on Thursday. The Australian Dollar (AUD) remains weak against the Japanese Yen (JPY) despite the hawkish remarks from the Reserve Bank of Australia (RBA) policymakers.
Gold price (XAU/USD) remains on the defensive during the Asian session on Thursday and looks to extend the previous day's sharp retracement slide from its highest level since June 16.
EUR/JPY breaks its five-day winning streak, trading around 171.90 during the Asian hours on Thursday. The bullish bias is strengthening as the technical analysis of the daily chart shows that the currency cross moves upwards within the ascending channel pattern.
Reserve Bank of Australia Governor Michele Bullock said on Thursday that the US Federal Reserve (Fed) is preserving its independence in challenging times. Bullock added that monthly job numbers pop up and down, and the board would have made the same rate decision.
Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking at the Anika Foundation in Sydney on Thursday, with audience questions expected.
Silver price (XAG/USD) extends its losses for the second successive session, trading around $39.10 per troy ounce during the Asian hours on Thursday. The price of Silver struggles due to weakened safe-haven demand, driven by the optimism over further trade deals between the US and key partners.
The Japanese Yen (JPY) strengthens against its American counterpart for the fourth consecutive day and advances to a nearly three-week peak during the Asian session on Thursday.
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, extends the decline to around 97.15, the lowest since July 7, during the Asian trading hours on Thursday.
The Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday, extending its gains for the fifth consecutive day. The AUD/USD pair is reaching fresh eight-month highs above 0.6600 following the release of Australia's preliminary Judo Bank Purchasing Managers Index (PMI) data.
Reserve Bank of New Zealand Chief Economist Paul Conway said on Thursday that tariffs will mean a weaker global economy and weaker demand and the country will constantly monitor data.
The NZD/USD pair trades in positive territory near 0.6055 during the early Asian session on Thursday, bolstered by improved risk sentiment. Traders will keep an eye on the prospects of US-China trade deals that could improve the global economic outlook.
On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1385 as compared to the previous day's fix of 7.1414.
Japan Jibun Bank Services PMI rose from previous 51.7 to 53.5 in July
Japan Jibun Bank Manufacturing PMI below expectations (50.2) in July: Actual (48.8)
US Treasury Secretary Scott Bessent said on Thursday that the announcement of a new Federal Reserve (Fed) Chair nominee is expected to occur in December or January next year, per Bloomberg.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.30 during the early Asian trading hours on Thursday. The WTI posts modest gains as a new US trade deal boosts market optimism.
GBP/USD climbed on Wednesday, posting strong gains for a third straight day and clawing back toward the 1.3600 handle.
The preliminary reading of Australia's Judo Bank Manufacturing Purchasing Managers Index (PMI) came in at 51.6 in July versus 50.6 prior, the latest data published by Judo Bank and S&P Global showed on Thursday.
The USD/CAD pair holds steady near 1.3600 during the early Asian session on Thursday. However, positive sentiment from a new US trade deal could improve the global economic outlook and lift the Canadian Dollar (CAD).
South Korea Gross Domestic Product Growth (QoQ) came in at 0.6%, above forecasts (0.5%) in 2Q
South Korea Gross Domestic Product Growth (YoY) registered at 0.5% above expectations (0.4%) in 2Q
Australia S&P Global Manufacturing PMI rose from previous 50.6 to 51.6 in July
Australia S&P Global Composite PMI increased to 53.6 in July from previous 51.6
Australia S&P Global Services PMI rose from previous 51.8 to 53.8 in July
The EUR/USD advanced during the North American session, up 0.16%, as rumors had grown that the United States and the European Union (EU) are about to sign a deal, similar to the one inked between Washington and Tokyo on Tuesday.
South Korea BOK Manufacturing BSI fell from previous 70 to 68 in August