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US Dollar flat after small recovery staged on Wednesday
The US Dollar Index (DXY), which tracks the Greenback's value against six major currencies, is further stabilising and trying to recover further towards levels seen last week before US President Donald Trump's inauguration.
Gold rally hits curb and faces selling pressure for the first time this week
Gold's price (XAU/USD), $2,747 at the time of writing, is seeing investors start to book some gains after a fierce three-day rally that brought over 2.0% gains.
USD/JPY edges lower to near 156.30 ahead of BoJ's policy decision
The USD/JPY pair ticks lower to near 156.30 in Thursday's European session.
US tariffs on China: Catch me if you can - Standard Chartered
No immediate tariffs announced on China, signaling a more transactional strategy under Trump 2.0. Tariffs on China are likely to be raised more gradually to allow negotiations on broader issues. US likely to broaden the tariff war to more countries, as the US C/A deficit continues to widen.
USD/CNH: Decline in USD seems excessive - UOB Group
Slight increase in momentum is likely to lead to a higher trading range of 7.2700/7.2980. In the longer run, decline in US Dollar (USD) seems excessive, but there is potential for a test of 7.2420, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY to retest 156.70 before pulling back - UOB Group
Chance for US Dollar (USD) to retest 156.70 before a more sustained pullback is likely. In the longer run, USD weakness has stabilized; it is likely to consolidate between 155.30 and 157.55 for the time being, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
NZD/USD: To trade between 0.5640 and 0.5685 - UOB Group
Further range trading is likely, probably between 0.5640 and 0.5685. In the longer run, New Zealand Dollar (NZD) is likely to continue to rise, potentially reaching the major resistance at 0.5750, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/CAD wobbles around 1.4400 as investors shift focus to BoC-Fed monetary policy
The USD/CAD pair trades in a tight range around 1.4400 in Thursday's European session.
EUR/USD trades cautiously as investors assess consequences of Trump's tariffs
EUR/USD ticks lower to near 1.0400 in Thursday's European session as the US Dollar (USD) gains ground.
TRY: Attractive carry despite cutting cycle - ING
The Central Bank of Turkey (CBT) is scheduled to meet today, the first time since the start of the cutting cycle in December, ING's FX analyst Frantisek Taborsky notes.
AUD/USD: Further sideways trading appears likely - UOB Group
Further sideways trading appears likely, probably in a 0.6240/0.6295 range. In the longer run, current price action is likely the early stages of a recovery phase that could potentially reach 0.6350, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.
GBP/JPY holds losses near 192.50 due to increased likelihood of BoJ rate hikes
GBP/JPY pauses its four-day rally, trading near 192.50 during Thursday's European session.
USD: Some short-term uncertainty - ING
Monday's correction in the dollar has not run very far at all. That sell-off was premised on Day One not nearly being as aggressive with tariffs as many had feared. Currently, the market's attention is on two significant upcoming dates, ING's FX analyst Chris Turner notes.
GBP/USD: Set to move to 1.2410 - UOB Group
Current price movements are likely part of a 1.2280/1.2355 range trading phase. In the longer run, Pound Sterling (GBP) view is positive, anticipating a move to 1.2410, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.
EUR: Correction has been lacklustre - ING
This week's EUR/USD bounce has been pretty muted so far. As above, there is no way investors can expect to hear an 'all-clear' signal on tariffs.
EUR/USD: To trade in range between 1.0380 and 1.0440 - UOB Group
Euro (EUR) is likely to trade in range between 1.0380 and 1.0440. In the longer run, current price action is part of a recovery phase that could extend to 1.0480, UOB Group's FX analysts Quek Ser Leang and Lee Sue Ann note.
NZD/USD drops to near 0.5650 as US Dollar appreciates ahead of Initial Jobless Claims
NZD/USD continues to remain subdued for the third consecutive session, trading around 0.5660 during the European hours on Thursday.
GBP/USD Forecast: Pound Sterling loses strength after failing to clear technical hurdle
GBP/USD climbed to a two-week-high near 1.2380 in the European session on Wednesday but lost its traction to close the day marginally lower.
China's Commerce Ministry: Willing to work with US to promote stable development of trade ties
China's Commerce Ministry said in a statement on Thursday that they are "willing to work with the US to promote stable and healthy development of economic and trade ties." "Tariff measures are not good for China, US, and the rest of the world," the Ministry said.
Pound Sterling trades with caution as BoE seems certain to cut interest rates next month
The Pound Sterling (GBP) trades cautiously against its major peers on Thursday as the higher-than-expected United Kingdom (UK) Public Sector Net Borrowing in December has weighed on the economic outlook.
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