Hezbollah said that it fired rockets toward northern Israel in response to “ceasefire violations” committed by the Israeli army, Reuters reported on Thursday.
Sporadic fighting continued in the Middle East, including in Lebanon, killing hundreds of people and drawing a threat of retaliation from Iran, Reuters reported on Thursday.
Gold price (XAU/USD) trades in negative territory around $4,705 during the early Asian session on Thursday. The precious metal edges lower amid a temporary two-week ceasefire between the US and Iran.
GBP/USD surged more than 1% on Wednesday after the US and Iran agreed to a Pakistan-brokered two-week ceasefire, pushing Cable to a session high close to 1.3485.
United Kingdom RICS Housing Price Balance below forecasts (-18%) in March: Actual (-23%)
USD/JPY fell around 0.66% on Wednesday, retreating from the session high near 160.00 to settle close to 158.50.
AUD/USD gave back a portion of Wednesday's sharp rally, settling around 0.7050 after surging over 1% earlier in the session.
The NZD/USD pair is trading with a cautious tone around the 0.5830 region on Thursday, as the New Zealand Dollar (NZD) regains some traction following shifting geopolitical headlines.
The Australian Dollar extended its gains versus the Japanese Yen, driven by an improvement in risk appetite amid the two-week pause in the Middle East conflict between the US and Iran.
The NZD/USD pair rallies sharply on Wednesday, boosted by a double whammy: The de-escalation of the Middle East conflict and hawkish remarks by the Reserve Bank of New Zealand (RBNZ) Governor, Anna Breman, following the bank’s monetary policy meeting.
MUFG’s Senior Currency Analyst Lloyd Chan argues Singapore’s energy system and fiscal strength materially limit near‑term tail risks from Middle East tensions.
The US Dollar Index (DXY) holds firm near 99.10, supported by safe-haven demand late in the American session with expectations that the Federal Reserve (Fed) will remain cautious on easing.
