Euro remains pinned near 13-month lows following soft German consumer confidence
The Euro (EUR) edges lower against the US Dollar (USD) on Thursday, extending its decline for the fourth consecutive day.
ECB’s Schnabel: Interest rates need to raise further to bring inflation down to 2% target
European Central Bank (ECB) policymaker Isabel Schnabel reiterates that the central bank is not done with monetary tightening yet, according to her remarks released by Econostream released during the European trading session on Thursday.
US Dollar: Cooler core PCE risks and peak rally view – ING
ING’s Francesco Pesole argues the Dollar rally may be nearing its peak as calmer risk sentiment and softer Federal Reserve (Fed) pricing take hold.
Japanese Yen: Holds near 2024 low against US Dollar – MUFG
MUFG’s Lloyd Chan notes USD/JPY is trading close to its 2024 highs as resilient US data and elevated US yields underpin Dollar carry appeal.
AUD/JPY Price Forecast: Softens to near 111.50 on intervention fears and bearish technical bias
The AUD/JPY cross trades in negative territory around 111.50 during the early European trading hours on Thursday. The Japanese Yen (JPY) strengthens against the Australian Dollar (AUD) amid fears of currency intervention from Japanese authorities.
Australian Dollar: Soft data reinforce no-hike RBA view – Commerzbank
Commerzbank’s Volkmar Baur says recent Australian labor market and inflation data provided little new momentum for the Australian Dollar (AUD) and support the view that the Reserve Bank of Australia (RBA) is unlikely to hike again this year.
AUD/USD Price Forecast: Likely to find support near 0.6830 amid hawkish Fed bets
The AUD/USD pair trades marginally lower to near 0.6890 during the European trading session on Thursday.
France Consumer Confidence meets forecasts (84) in June
France Consumer Confidence meets forecasts (84) in June
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Thursday, according to data compiled by FXStreet.
Indonesian Rupiah receives support from foreign capital inflows
USD/IDR loses ground after three days of gains, trading around 17,970 during the Asian hours on Thursday. The pair depreciates as the Indonesian Rupiah (IDR) gains ground on improved domestic market sentiment.
Japan Leading Economic Index came in at 116.1, above expectations (115.9) in April
Japan Leading Economic Index came in at 116.1, above expectations (115.9) in April
Japan Coincident Index rose from previous 117.9 to 118.1 in April
Japan Coincident Index rose from previous 117.9 to 118.1 in April