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USD/CAD weakens as Oil supports CAD, focus shifts to BoC Governor speech
USD/CAD weakens on Thursday, trading around 1.4100 at the time of writing, down 0.1% on the day after hitting a seven-month peak at 1.4140 in the previous day.

NZD/USD treads water above 0.5650 after rejection at the 0.5670 area
The New Zealand Dollar is failing to capitalise on the increasing appetite for risk and a somewhat softer US Dollar, and trades without a clear bias on Thursday, as the reversal from 0.5670 highs has been contained above 0.5650 so far.Kiwi trimmed some losses on Wednesday, bouncing up from seven-mon

AUD/USD ticks up to near 0.6510 as US Dollar corrects further
The AUD/USD pair edges higher to near 0.6505 during the European trading session on Thursday. The Aussie pair ticks up as the US Dollar (USD) extends its correction amid rising United States (US) economic concerns due to the ongoing federal shutdown.

EUR/GBP Euro is tests support at 0.8800 area with all eyes on the BoE
The Euro remains on its back foot against the British Pound for the second consecutive day on Thursday.

NOK gains as Norges Bank holds rate at 4.00% - BBH
Norwegian Krone (NOK) strengthens as the Norges Bank keeps policy steady at 4.00% and signals cautious future rate cuts, BBH FX analysts report.

EUR/JPY steady as Eurozone retail sales meet expectations, BoJ minutes hawkish
EUR/JPY trades without a clear trend on Thursday, hovering around 177.00, virtually unchanged on the day. The pair remains stable after the release of mixed data from both the Eurozone and Japan, maintaining a fragile balance between the two currencies.

USD/JPY: Likely to trade in a range between 153.30 and 154.40 - UOB Group
US Dollar (USD) could trade in a range between 153.30 and 154.40. In the longer run, USD appears to have entered a 152.40/154.40 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

NZD/USD: Likely part of a range-trading phase between 0.5640 and 0.5680 - UOB Group
The current price movements are likely part of a range-trading phase between 0.5640 and 0.5680. In the longer run, downward pressure has increased; NZD could weaken to 0.5600 next, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

GBP/USD holds above 1.3000 ahead of BOE decision - BBH
GBP/USD is holding above key support at 1.3000, BBH FX analysts report.

USD/JPY holds above 153.50 amid wage data - BBH
USD/JPY is consolidating above 153.50, just shy of its recent high near 154.50, BBH FX analysts report.

AUD/USD: Expected to consolidate in a range of 0.6485/0.6525 - UOB Group
Australian Dollar (AUD) is expected to consolidate in a range of 0.6485/0.6525. In the longer run, outlook for AUD is negative now, but last month's low near 0.6445 may not come into view so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD pulls back after testing 200-DMA - BBH
USD retraced some of its recent gains after testing resistance at the 200-day moving average. No policy-relevant data will be released today but a full slate of Fed speakers could generate some market volatility (Williams, Barr, Hammack, Waller, Paulson, and Musalem), BBH FX analysts report.

GBP/USD: Likely to continue to trade in a range - UOB Group
Slowing downward momentum suggests Pound Sterling (GBP) is likely to continue to trade in a range, expected to be between 1.3030 and 1.3090. In the longer run, GBP is still negative, but further downside may be limited.

EUR/NOK carves interim low at 11.53 - Société Générale
EUR/NOK is consolidating between 11.53 and 11.83, showing no clear directional bias after stalling near September's low, Société Générale's FX analysts note.

EUR/USD: Likely to trade between 1.1475 and 1.1525 - UOB Group
Tentatively slowing downward momentum and oversold conditions suggest consolidation in EUR, likely between 1.1475 and 1.1525. In the longer run, EUR is expected to weaken further; the next level to watch is 1.1450, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

SEK: Brief and concise statement from Riksbank - Commerzbank
As expected, on Wednesday, the Riksbank left its key interest rate unchanged at 1.75% yesterday and signaled that it does not anticipate any further changes in the foreseeable future. Its statement was correspondingly brief and concise, Commerzbank's FX analyst Antje Praefcke notes.

Eurozone Retail Sales rise 1% YoY in September, as expected
The Eurozone's Retail Sales increased by 1% year-over-year (YoY) in September, following a revised 1.6% growth in August, according to official data released by Eurostat on Thursday.

ECB's de Guindos: Optimistic on growth and services inflation
European Central Bank (ECB) Vice President Luis de Guindos said in the webinar "Euro area current policy challenges" via online livestream on Thursday that he is comfortable with where interest rates currently are.

USD/JPY: Nearing recent highs again - OCBC
USD/JPY rebounded to trade closer to 154, after trading briefly below 153 overnight. Pair was last seen at 153.54 levels. The rebound overnight tracked UST yields higher, after US data surprised to the upside, OCBC's FX analysts Frances Cheung and Christopher Wong note.

EU Gas market faces winter risk amid heavy shorting - ING
Turning to Natural Gas, the latest positioning data shows that investment funds cut their net long in TTF by 24.8TWh over the last week to 21.4TWh, the smallest net long held since March 2024, ING's commodity experts Ewa Manthey and Warren Patterson note.
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