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Euro: Dollar strengthens against EUR after hot US PMIs – Danske Bank
Danske Bank’s Danske Research Team notes that strong US PMIs and hawkish Federal Reserve pricing weighed on EUR/USD. The composite PMI rose sharply, driving expectations for another Fed rate hike in October and pulling EUR/USD below 1.14.
Oil: Geopolitics tighten physical markets – Commerzbank
Commerzbank analysts note that escalating US-Iran tensions and fresh attacks in the Strait of Hormuz are tightening physical oil markets, with record premiums at Cushing pointing to strong demand for immediate supply.
ECB's Kocher says must prevent too high inflation, becoming entrenched
European Central Bank (ECB) Governing Council member Martin Kocher said on Thursday that the central bank must prevent too high inflation from becoming entrenched.
WTI falls below $91.50 amid hope for US-Iran diplomatic progress
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $91.40 during the early Asian trading hours on Thursday. WTI tumbles amid hopes for diplomatic progress between the US and Iran.Â
Norway Credit Indicator increased to 4.5% in August from previous 4.3%
Norway Credit Indicator increased to 4.5% in August from previous 4.3%
British Pound holds gains despite stronger US PMI, hawkish Fed stance
The GBP/USD pair posts modest gains near 1.3240 during the early European trading hours on Thursday. However, the potential upside for the major pair might be limited amid a widening policy gap between a hawkish Federal Reserve (Fed) and a more cautious Bank of England (BoE).Â
Indonesian Rupiah faces pressure amid fiscal concerns
Strong US manufacturing data boosts expectations for an October Fed rate hike to 69.7%.
Indian Rupee declines significantly due to oil price recovery, surging US yields
The Indian Rupee (INR) extends its losses against the US Dollar (USD) on Thursday.
Asian stock markets trade mixed ahead of Trump-Xi meeting
Asian stock markets reflect a mixed performance on Thursday ahead of the meeting between United States (US) President Donald Trump and Chinese leader Xi Jinping later in the day.
EUR/USD Price Forecast: Trades below 1.1400, near two-month low ahead of Trump-Xi summit
The EUR/USD pair drifts lower for the third straight day, hitting a fresh low since July 28 during the Asian session on Thursday, though it lacks follow-through.
Swiss Franc strengthens ahead of SNB policy decision
USD/CHF loses ground after registering modest gains the previous day, trading around 0.8240 during Asian hours on Thursday. Traders await the Swiss National Bank (SNB) interest rate decision due later in the day.
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.
New Zealand Dollar consolidates around 0.5675 vs USD as bears await Trump-Xi summit
The NZD/USD pair flatlines around the 0.5675 region, trading just above its lowest level since early July, set the previous day, as investors await a meeting between US President Donald Trump and his Chinese counterpart Xi Jinping.