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EUR/GBP extends decline to 0.8673 following upbeat UK data
The Euro is trading lower for the second consecutive day, retracing most of the gains taken on Tuesday and reaching intra-day lows at 0.8673 as the Pound Sterling rallies on the back of stronger-than-expected UK manufacturing data.Manufacturing production expanded at a 0.7% pace in August, beating e

ECB's Wunsch: Probability of another cut has been receding
European Central Bank (ECB) policymaker and National Bank of Belgium acting Governor Pierre Wunsch said during the European trading session on Thursday that the probability of more interest rate cuts by the central bank has been easing.

AUD/USD recovers early losses driven by weak Aussie employment data
The AUD/USD pair claws back its early losses and recovers to near 0.6500 during the European trading session on Thursday. The Aussie pair attracts bids after sliding to near 0.6480.

USD/CAD Price Forecast: Testing support at the 1.4025 area
The US Dollar is trimming gains against the Canadian Dollar for the second consecutive day on Thursday.

EUR/USD ticks higher as trade war fears weigh on US Dollar
EUR/USD is trading higher for the third consecutive day on Thursday and changes hands at one-week highs beyond 1.1650 at the time of writing.

Pound Sterling remains steady as UK GDP grew expectedly by 0.1%
The Pound Sterling (GBP) trades broadly calm against its major peers on Thursday after the release of the United Kingdom (UK) monthly Gross Domestic Product (GDP) and factory data for August.

NZD/USD holds gains near 0.5750 due to prevailing US-China trade tensions
NZD/USD halts its seven-day losing streak, trading around 0.5740 during the early European hours on Thursday. The pair holds gains as the US Dollar (USD) struggles as traders adopt caution amid the ongoing trade tensions between the United States (US) and China, the world's two largest economies.

Forex Today: Markets await comments from central bankers, Gold renews record-high
Here is what you need to know on Thursday, October 16:

FX option expiries for Oct 16 NY cut
FX option expiries for Oct 16 NY cut at 10:00 Eastern Time via DTCC can be found below.

USD/CHF bounces off two-week low, down a little above mid-0.7900s
The USD/CHF pair continues losing ground for the third straight day - also marking the fourth day of a negative move in the previous five - and drops to an over two-week low during the Asian session on Thursday.

EUR/JPY Price Forecast: First upside barrier emerges near 177.00
The EUR/JPY cross gains ground near 176.15 during the early European session on Thursday. The Japanese Yen (JPY) weakens against the Euro (EUR) as political uncertainty in Japan would set the stage for the Bank of Japan (BoJ) to delay raising interest rates.

EUR/GBP steadies near 0.8700 ahead of UK economic data
EUR/GBP moves little after registering losses in the previous session, trading around 0.8690 during the Asian hours on Thursday.

EUR/USD rises further to near 1.1670 as US Dollar continues to decline
The EUR/USD pair extends its two-day upside move to near 1.1670 during the Asian trading session on Thursday.

BoJ's Tamura: Central bank should push rates closer toward levels deemed neutral
The Bank of Japan (BoJ) board member Naoki Tamura said on Thursday that the central bank should push the interest rates closer toward levels deemed neutral.

ECB's Dolenc: Inflation risks are balanced around the baseline scenario
European Central Bank (ECB) policymaker and Slovenia's central bank acting Governor Primoz Dolenc said on Thursday that the central bank should hold interest rates steady unless new shocks hit. Dolenc pushed back on arguments that inflation could fall too low without further easing.

USD/INR falls further on hopes of US-India trade deal
The Indian Rupee (INR) extends its Wednesday's strong recovery move against the US Dollar (USD) on Thursday. The USD/INR pair slides to near 87.80 as the Indian Rupee strengthens on hopes that the United States (US) and India will reach a trade agreement soon.

GBP/JPY trades with positive bias above mid-202.00s ahead of UK macro data
The GBP/JPY cross turns positive for the second straight day following an Asian session dip to sub-202.00 levels and climbs to a fresh daily top in the last hour.

India Gold price today: Gold rises, according to FXStreet data
Gold prices rose in India on Thursday, according to data compiled by FXStreet.

When are the UK data releases and how could they affect GBP/USD?
The United Kingdom (UK) docket has the Gross Domestic Product (GDP) and Industrial Production data for August to be released by the Office for National Statistics (ONS) on Thursday, later this session at 06:00 GMT.

USD/CAD remains below 1.4050 due to ongoing US-China trade tensions
USD/CAD extends its losses for the second successive session, trading around 1.4030 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) struggles amid market caution, driven by the escalating United States (US)-China trade tensions, the world's two largest economies.
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