The EUR/USD pair struggles to capitalize on its gains registered over the past two days, reaching the weekly top the previous day, and attracts heavy selling during the Asian session on Thursday.
USD/CAD rebounds after two days of losses, trading around 1.3900 during the Asian hours on Thursday. The pair appreciates as the US Dollar (USD) strengthens after US President Donald Trump’s latest address showed no clear Middle East de-escalation, keeping geopolitical risk elevated.
Silver price (XAG/USD) continues to lose ground after registering tiny losses in the previous day, trading around $72.90 during the Asian hours on Thursday. The safe-haven demand for the precious metal fades amid rising optimism over Middle East peace.
The GBP/USD pair meets fresh supply during the Asian session on Thursday. It retreats further from the weekly high, which was around the 1.3345 area touched the previous day. Spot prices decline to the mid-1.3200s after US President Donald Trump's comments.
The NZD/USD pair tumbles to near 0.5725 during the Asian trading hours on Thursday. The US Dollar (USD) edges higher against the New Zealand Dollar (NZD) as market caution persists due to the ongoing conflict in the Middle East, which boosts safe-haven demand.
The USD/JPY pair gains momentum to near 159.20 during the Asian trading hours on Thursday. The US Dollar (USD) strengthens against the Japanese Yen (JPY) following US President Donald Trump’s speech from the White House.
AUD/USD depreciates after two days of gains, trading around 0.6900 during the Asian hours on Thursday.
West Texas Intermediate (WTI) Crude Oil prices catch aggressive bids during the Asian session on Thursday and surge past the $97.00 mark as US President Donald Trump's prime-time address gets underway.
US President Donald Trump said on Thursday that Iran's ability to launch missiles and drones has been curtailed. Trump added that the US does't need oil from the Middle East.
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.8880 compared to the previous day's fix of 6.9025 and 6.8764 Reuters estimate.
The EUR/USD pair holds steady around 1.1590 during the early Asian session on Thursday. Markets turn cautious ahead of US President Donald Trump’s address on the Iran war. The US weekly Initial Jobless Claims report is due later on Thursday.
Australia’s Trade Surplus widened to 5,686M MoM in February versus 2,258M in the previous reading (revised from 2,631M), according to the latest foreign trade data published by the Australian Bureau of Statistics on Thursday. The market consensus was for 2,500M.
