Thursday's session was a downer for the British Pound. GBP/USD opened near 1.3300, sold off steadily through the day, and closed around 1.3220, losing 0.65%.
USD/JPY is heading into Friday's Asia session trading just below 159.60, and the setup going into the long Easter weekend is about as uncomfortable as it gets for Yen traders on either side.
Commerzbank’s Volkmar Baur highlights that China’s economy started 2026 slightly better than expected, driven by a sharp rise in exports and a swelling current account surplus.
South Korea FX Reserves dipped from previous 427.62B to 423.66B in March
United Overseas Bank’s Quek Ser Leang notes that USD/SGD is currently under near-term pressure toward 1.2760, but the broader technical backdrop still points to a recovery phase in the second quarter.
The Australian Dollar retreats by 0.36% on Thursday following harsh remarks by US President Donald Trump, who, rather than seeking to de-escalate the conflict, warned that it would last 2 to 3 weeks and would hit Iran harder.
DBS Group Research economist Radhika Rao discusses new Reserve Bank of India (RBI) measures aimed at defending the Indian Rupee (INR). The RBI has barred banks from offering rupee NDF contracts to residents and offshore users while keeping deliverable hedging channels open.
Standard Chartered’s Ethan Lester notes that global manufacturing PMIs stayed in expansionary territory in March for an eighth straight month, even as the pace of growth eased from February’s 44‑month high.
Silver (XAG/USD) trades with a downside bias on Thursday, coming under pressure as macro headwinds stemming from the ongoing US–Israel war with Iran weigh on sentiment.
The US Dollar Index (DXY) bounced back toward the 100.00 area after United States (US) President Donald Trump said the US would intensify strikes on Iran over the next two to three weeks, crushing hopes for a near-term de-escalation and reviving safe-haven demand for the Greenback.
Gold price recoils by some 2% as the US Dollar rises after US President Donald Trump revealed that the war on Iran would last from two to three weeks, pouring cold water on hopes for a quick resolution to the Middle East conflict.
Commerzbank’s Volkmar Baur expects the Chinese Yuan (CNY) to edge higher against the US Dollar (USD) while staying undervalued versus most other currencies. The bank projects USD/CNY at 6.90 by June 2026 and 6.70 by late 2027, with EUR/CNY broadly stable.
