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China's President Xi: Current challenges facing EU do not come from China
Chinese President Xi Jinping said on Thursday that the current challenges facing the European Union (EU) do not come from China, adding that he hopes that the bloc will keep trade and investment markets open, according to Xinhua.
USD/CAD Price Forecast: A downside move to near 1.3400 seems warranted
The USD/CAD pair clings to losses near an almost three-week low around 1.3600 during the Asian trading session on Thursday.
USD/INR corrects as Indian Rupee snaps five-day losing streak
The Indian Rupee (INR) opens on a positive note against the US Dollar (USD) on Thursday after a five-day losing streak.
EUR/USD extends the rally above 1.1750 ahead of ECB rate decision
The EUR/USD pair extends its upside to around 1.1775 during the early European session on Thursday. The Euro (EUR) edges higher against the US Dollar (USD) amid hope for the European Union (EU) and the United States (US) trade deal.
FX option expiries for Jul 24 NY cut
FX option expiries for Jul 24 NY cut at 10:00 Eastern Time via DTCC can be found below.
USD/CHF consolidates above 0.7900 as a weaker USD offsets receding safe-haven demand
The USD/CHF pair enters a bearish consolidation phase during the Asian session on Thursday and oscillates in a range around the 0.7920 area, close to a three-week low touched the previous day.
GBP/USD rises to near 1.3600 due to risk-on mood, UK PMI data eyed
GBP/USD remains steady after four days of gains, trading around 1.3580 during the Asian hours on Thursday.
India Gold price today: Gold steadies, according to FXStreet data
Gold prices remained broadly unchanged in India on Thursday, according to data compiled by FXStreet.
AUD/JPY weakens to near 96.50 on optimism over trade deal
The AUD/JPY cross declines to near 96.60 during the Asian trading hours on Thursday. The Australian Dollar (AUD) remains weak against the Japanese Yen (JPY) despite the hawkish remarks from the Reserve Bank of Australia (RBA) policymakers.
Gold price remains depressed below $3,400 amid trade optimism; downside seems limited
Gold price (XAU/USD) remains on the defensive during the Asian session on Thursday and looks to extend the previous day's sharp retracement slide from its highest level since June 16.
EUR/JPY Price Forecast: Trades around 172.00 after breaking below nine-day EMA
EUR/JPY breaks its five-day winning streak, trading around 171.90 during the Asian hours on Thursday. The bullish bias is strengthening as the technical analysis of the daily chart shows that the currency cross moves upwards within the ascending channel pattern.
RBA's Bullock: Monthly job numbers pop up and down
Reserve Bank of Australia Governor Michele Bullock said on Thursday that the US Federal Reserve (Fed) is preserving its independence in challenging times. Bullock added that monthly job numbers pop up and down, and the board would have made the same rate decision.
RBA's Bullock: Measured, gradual approach to monetary policy easing is appropriate
Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking at the Anika Foundation in Sydney on Thursday, with audience questions expected.
Silver Price Forecast: XAG/USD falls to near $39.00 due to trade deals optimism
Silver price (XAG/USD) extends its losses for the second successive session, trading around $39.10 per troy ounce during the Asian hours on Thursday. The price of Silver struggles due to weakened safe-haven demand, driven by the optimism over further trade deals between the US and key partners.
Japanese Yen rallies to two-week top against USD amid trade optimism
The Japanese Yen (JPY) strengthens against its American counterpart for the fourth consecutive day and advances to a nearly three-week peak during the Asian session on Thursday.
US Dollar Index extends downside to near 97.00 as traders assess new trade deal
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, extends the decline to around 97.15, the lowest since July 7, during the Asian trading hours on Thursday.
Australian Dollar extends winning streak following improved PMI data
The Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday, extending its gains for the fifth consecutive day. The AUD/USD pair is reaching fresh eight-month highs above 0.6600 following the release of Australia's preliminary Judo Bank Purchasing Managers Index (PMI) data.
RBNZ's Conway: Full impacts of tariffs uncertain, constantly monitoring data
Reserve Bank of New Zealand Chief Economist Paul Conway said on Thursday that tariffs will mean a weaker global economy and weaker demand and the country will constantly monitor data.
NZD/USD gathers strength to above 0.6050 on trade optimism
The NZD/USD pair trades in positive territory near 0.6055 during the early Asian session on Thursday, bolstered by improved risk sentiment. Traders will keep an eye on the prospects of US-China trade deals that could improve the global economic outlook.
PBOC sets USD/CNY reference rate at 7.1385 vs. 7.1414 previous
On Thursday, the People's Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1385 as compared to the previous day's fix of 7.1414.
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