According to the Iranian state media, Iran’s Revolutionary Guards (IRG) have reported that they targeted United States (US)-linked steel and aluminum facilities in Gulf states.
The Canadian Dollar (CAD) trades higher against its major currency peers, except the US Dollar (USD), during the European trading session on Thursday.
The Euro (EUR) declines more than 0.5% against the safe-haven US Dollar (USD) on Thursday, extending its reversal from Wednesday’s highs near 1.1625 to session lows just below 1.1520 so far.
French President Emmanuel Macron said during the European trading session on Thursday that it is difficult to reopen the Strait of Hormuz without a military response.
The Australian Dollar (AUD) trades lower against its major currency peers, is down 0.75% to near 0.6875 against the US Dollar (USD) during the European trading session on Thursday.
The US Dollar (USD) is outperforming its peers and rallies about 0.6% against the Japanese Yen (JPY) on Thursday.
Societe Generale analysts note a quiet data calendar ahead of key US payrolls, with a market whisper of 40k versus a 60k consensus and an SG economics forecast of 75k.
Silver prices (XAG/USD) fell on Thursday, according to FXStreet data. Silver trades at $71.46 per troy ounce, down 4.84% from the $75.09 it cost on Wednesday.
ING’s Ewa Manthey and Warren Patterson report Aluminium prices above $3,500/t after unconfirmed reports of major Gulf smelter disruptions at EGA and Alba.
Dow Jones futures decline 0.88%, below 46,400 during European hours on Thursday, ahead of the United States (US) regular market open. Meanwhile, S&P 500 and Nasdaq 100 futures fall 1.1% and 1.4% below 6,550 and 23,900, respectively, at the time of writing.
The Indian Rupee (INR) extends its two-day recovery against the US Dollar (USD) on Thursday. The USD/INR pair declines to near 93.65 as the Indian currency attracts bids following the Reserve Bank of India (RBI) 's announcement of additional measures to curb speculative activity.
Commerzbank’s Michael Pfister highlights that Bank of England (BoE) Governor Andrew Bailey has pushed back against aggressive tightening expectations, stressing labour market weakness and limited pricing power.
