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EUR/GBP briefly traded to 0.8650 yesterday - a move which seems to coincide with the sell-off in UK gilts. That UK gilts even underperformed US Treasuries is quite remarkable and probably very unnerving for the UK's Debt Management Office, ING's FX analyst Chris Turner notes.

Created : 2025.04.10 19:21

Last updated : 2025.04.10

The European Union is considering pausing its countermeasures, due on April 15, against the United States' tariffs for 90 days, Reuters reported on Thursday, citing EU diplomats.

Created : 2025.04.10 19:11

Last updated : 2025.04.10

Reserve Bank of Australia (RBA) Governor Michele Bullock spoke at the Chief Executive Women 40th Anniversary Melbourne Annual Dinner, on Thursday.

Created : 2025.04.10 19:08

Last updated : 2025.04.10

Markets are watching closely as China weighs a response to the latest US tariff hike. With limited trade impact, the focus shifts to potential currency movements and consumer strain, ING's FX analyst Chris Turner notes.

Created : 2025.04.10 19:07

Last updated : 2025.04.10

Sharp rally in Australian Dollar (AUD) seems to have enough momentum to test 0.6195 before leveling off. In the longer run, for the time being, AUD is expected to trade in a 0.6000/0.6290 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Created : 2025.04.10 19:04

Last updated : 2025.04.10

Gold price (XAU/USD) is delivering a jaw-breaking performance this Thursday in the early trading session, moving around $3,107 at the time of writing. Since Tuesday morning, the precious metal has rallied nearly 5.00%.

Created : 2025.04.10 18:47

Last updated : 2025.04.10

The clean take-away from the pause in the worst of the tariffs was a re-assessment of global trade prospects on the view that perhaps tariffs were more transactional after all, and US equity losses are indeed proving a brake on the President's desires to rewire the global trading systems, ING's FX a

Created : 2025.04.10 18:41

Last updated : 2025.04.10

USD/CAD loses ground for the second successive day, trading around 1.4090 during the European hours on Thursday. The pair loses ground as the US Dollar (USD) remains subdued ahead of the high-impact Consumer Price Index (CPI) inflation report for March set to be published on Thursday at 12:30 GMT.

Created : 2025.04.10 18:15

Last updated : 2025.04.10

Pound Sterling (GBP) is still trading in a range vs US Dollar (USD), expected to be between 1.2750 and 1.2870. In the longer run, GBP could decline further; it is unclear if it can reach the next major support at 1.2580, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Created : 2025.04.10 18:11

Last updated : 2025.04.10

Elsewhere, the Norwegian krone is having a good rally today, ING's FX analyst Chris Turner notes.

Created : 2025.04.10 17:56

Last updated : 2025.04.10

Silver (XAG/USD) struggles to capitalize on its modest intraday uptick and retreats slightly after touching a fresh weekly high, around the $31.30 region during the early European session on Thursday.

Created : 2025.04.10 17:49

Last updated : 2025.04.10

Sharp decline in Euro (EUR) vs US Dollar (USD) has room to test 1.0895 before stabilisation is likely; any further decline is unlikely to reach 1.0850.

Created : 2025.04.10 17:49

Last updated : 2025.04.10

The EUR/USD market is sometimes referred to as a 'washing machine' where global trade and portfolio flows meet and cancel each other out, ING's FX analyst Chris Turner notes.

Created : 2025.04.10 17:33

Last updated : 2025.04.10

In March, China's CPI and PPI were weighed by weak consumer goods and food prices, lower international oil prices and price pressure in the export industries.

Created : 2025.04.10 17:29

Last updated : 2025.04.10

The NZD/USD pair is trading around 0.5680 in early European hours on Thursday, marking its second consecutive day of gains.

Created : 2025.04.10 17:17

Last updated : 2025.04.10

Here is what you need to know on Thursday, April 10:

Created : 2025.04.10 16:49

Last updated : 2025.04.10

A joint statement is out from the Chinese Commerce Ministry and Foreign Ministry, noting that they "will take further measures to oppose US bullying."

Created : 2025.04.10 16:29

Last updated : 2025.04.10

China's Commerce Ministry said in a statement on Thursday that "the position on trade is clear and consistent."

Created : 2025.04.10 16:25

Last updated : 2025.04.10

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades in negative territory for the third consecutive day near 102.70, down 0.28% on the day.

Created : 2025.04.10 16:12

Last updated : 2025.04.10

The AUD/JPY pair recovered its daily losses and is trading above the 91.00 mark during Thursday's Asian session. The Australian Dollar (AUD) is finding support amid optimism over renewed trade negotiations between Australia and the European Union (EU).

Created : 2025.04.10 16:10

Last updated : 2025.04.10