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USD/CNF Price Forecast: Flat lines around 7.1620-7.1625; looks to US NFP for fresh impetus
The USD/CNH pair extends its sideways consolidative price move for the third straight day on Thursday and remains close to the year-to-date low touched earlier this week.
USD/CAD Price Forecast: Bearish outlook remains in play near 1.3600
The USD/CAD pair recovers some lost ground to near 1.3595 during the early European session on Thursday. The potential upside for the pair might be limited as weaker AUS ADP employment numbers supported market expectations of a Federal Reserve (Fed) interest rate cut.
USD/INR edges higher at open ahead of US NFP data
The Indian Rupee (INR) opens on a cautious note against the US Dollar (USD) on Thursday. The USD/INR pair ticks up to near 85.75 ahead of the United States (US) Nonfarm Payrolls (NFP) data for June, which will be published at 12:30 GMT.
USD/CHF holds losses near 0.7900 ahead of Swiss CPI data
USD/CHF retraces its recent gains registered in the previous session, trading around 0.7920 during the Asian hours on Thursday. The pair maintains its position around 0.7872, the lowest since September 2011, recorded on July 1.
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
Gold price drifts lower on US-Vietnam trade deal, NFP in focus
Gold price (XAU/USD) attracts some sellers during the Asian session on Thursday and, for now, seems to have stalled a three-day-old recovery move from a one-month low touched earlier this week. A trade agreement between the US and Vietnam eased concerns over prolonged trade tensions.
GBP/USD weakens below 1.3650 amid concerns over the UK debt position, US NFP data in focus
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 Price Forecast: Moves below 94.50, nine-day EMA acts as initial support
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 trades around 1.1800, upside appears amid rising odds of Fed rate cuts
EUR/USD remains subdued for the second successive session, trading around 1.1800 during the Asian hours on Thursday.
EUR/JPY steadies around 169.50, with upside potential due to BoJ's caution on rate hikes
EUR/JPY remains steady following recent gains registered in the previous session, trading around 169.50 during the Asian hours on Thursday.
S. Korea's President Lee: US tariff negotiations looking very difficult
South Korean President Lee Jae-myung said on Thursday that "US tariff negotiations looking very difficult."
Japanese Yen remains on the front foot against a bearish USD, ahead of US NFP report
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.
NZD/USD holds below 0.6100 as China's services sector grows less than expected in June
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.
Australian Dollar remains subdued following Trade Balance, China's Services PMI data
The Australian Dollar (AUD) holds losses against the US Dollar (USD) on Thursday following the release of key economic data.
BoJ's Takata: Central bank is currently only pausing its policy rate hike cycle
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 Caixin Services PMI drops to 50.6 in June vs. 51 expected
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.
Australia's Trade Surplus narrows to 2,238M MoM in May vs. 5,091M expected
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.
PBOC sets USD/CNY reference rate at 7.1523 vs. 7.1546 previous
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.
US Dollar Index edges lower below 97.00 on downbeat US job data, Fed rate cut bets
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.
GBP/USD struggles to regain balance ahead of key labor data
GBP/USD tumbled on Wednesday, falling back below the 1.3600 handle in a sharp plunge fueled by a sharp increase in UK bond yields.
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