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USD steadies but undertone remains bearish - Scotiabank

The US Dollar (USD) is trading a little higher overall on the session but its performance is more mixed against the G10 currencies and it slipped to its lowest since November against the CNY in overnight trade, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

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GBP: UK composite PMI drops to 2-month low as services sector slows

Pound Sterling (GBP) is underperforming most major currencies, BBH's FX analysts report.

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Dow Jones futures dip despite the upbeat mood on the latest US trade deals

Wall Street futures anticipate a mixed opening on Thursday, as the enthusiasm about trade deals wears off. Dow Jones futures are trading 0.30% lower at the time of writing, while S&P 500 Index futures trade 0.10% higher and the Nasdaq Index advances 0.3%, pointing to new record highs.

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USD/CNH: 7.1295 is probably out of reach for now - UOB Group

Risk for US Dollar (USD) remains on the downside against Chinese Yuan (CNH); the significant support level at 7.1295 is probably out of reach for now. In the longer run, USD view is negative; it could drop to 7.1295, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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EUR steady ahead of ECB meeting - BBH

EUR/USD pared back some of yesterday's gains but is holding above 1.1700, BBH's FX analysts report.

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EU spokesperson: Negotiated outcome with US is within reach

The European Union (EU) continues to engage intensively with the United States (US) on tariffs and focuses on finding a negotiated outcome, a European Commission spokesperson said on Thursday, per Reuters.

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USD/JPY: Likely to trade in a range of 145.95/146.95 - UOB Group

US Dollar (USD) is likely to trade in a range of 145.95/146.95 against Japanese Yen (JPY). In the longer run, rapid increase in momentum indicates USD could weaken to 145.75, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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USD finds support amid trade deal hopes - BBH

USD bounces after a string of losses, the MSCI All Country World Index surged to a record high, and global bond yields are drifting higher, BBH's FX analysts report.

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USD/JPY claws back losses as US Dollar gains ground

The USD/JPY pair recovers its early losses and flattens around 146.50 during the European trading session on Thursday.

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NZD/USD: May test 0.6060 before leveling off - UOB Group

As long as New Zealand Dollar (NZD) holds above 0.6015 against US Dollar (USD), it may test 0.6060 before leveling off. In the longer run, NZD could continue to rise; the next level to watch is 0.6080, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

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AUD/USD maintains uptrend above 50-DMA - Societe Generale

AUD/USD remains supported above its 50-DMA, with positive momentum pointing to further upside toward 0.6685 and beyond. Short-term support holds near 0.6500, Societe Generale's FX analysts report.

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AUD/USD eases trims gains but remains near YTD highs above 0.6600

The Aussie is pulling back from the eight-month highs at 0.6625 hit earlier today, as the US Dollar pares some losses, but remains above 0.6600, consolidating gains after having rallied about 2% over the last five days.The trade deal between the US and Japan and hopes of an immediate agreement with

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AUD/USD: Any advance may not reach 0.6625. - UOB Group

Australian Dollar (AUD) could continue to rise against US Dollar (USD); deeply overbought conditions suggest any advance may not reach 0.6625.

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EUR/USD eyes resistance at 1.1830 - Societe Generale

EUR/USD is recovering after finding support near 1.1555, but the pair faces a key test at 1.1830. A failure to break above this resistance could trigger a period of consolidation, Societe Generale's FX analysts report.

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GBP/USD: Likely to test 1.3610 before leveling off - UOB Group

Pound Sterling (GBP) could test 1.3610 before leveling off; the next resistance at 1.3650 is unlikely to be threatened.

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Silver price today: Silver falls, according to FXStreet data

Silver prices (XAG/USD) fell on Thursday, according to FXStreet data.

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EUR/USD: Likely to edge above 1.1795 - UOB Group

While negative divergence is forming, Euro (EUR) could edge above 1.1795 against US Dollar (USD); the major resistance at 1.1830 is likely out of reach for now.

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TRY: Rate cuts to resume today - Commerzbank

Expectations have intensified for the Turkish central bank (CBT) to resume cutting interest rates today: with analyst forecasts for a cut between 250bp and 350bp (majority expectation for 250bp).

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TRY: Restart of cutting cycle is here - Commerzbank

The Turkish central bank is likely to return to the cutting cycle today after tightening conditions in March and April. We expect a 250bp cut to 43.50% in line with market surveys. However, expectations are tilted towards a larger rate cut.

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USD/CHF climbs toward 0.7950 as Swiss Franc weakens due to diminished safe-haven demand

USD/CHF edges higher for the second successive day, trading around 0.7940 during the European hours on Thursday.

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