Rabobank’s Senior Market Strategist Benjamin Picton notes that Australia entered the conflict period with solid momentum, as the February trade surplus beat expectations and Q1 job vacancies rose.
The USD/JPY pair is up 0.4% to near 159.50 in the early European trade on Thursday. The pair recovers strongly after a two-day corrective move as the safe-haven demand of the US Dollar (USD) has revived, following threats that the United States (US) will hit Iran extremely hard in the coming weeks.
Switzerland Consumer Price Index (MoM) below expectations (0.5%) in March: Actual (0.2%)
The GBP/USD pair attracts some sellers to near 1.3215 during the early European trading hours on Thursday. The Pound Sterling (GBP) weakens against the US Dollar (USD) as US President Donald Trump’s comments dampen de-escalation hopes.
DBS strategist Philip Wee argues that the US Dollar’s near-term haven support could pause unless US equities make fresh year lows.
Switzerland Consumer Price Index (YoY) registered at 0.3%, below expectations (0.5%) in March
The US Dollar (USD) is retracing Wednesday’s losses against the Canadian Dollar on Thursday, as investors resume the cautious trade witnessed in March, amid dwindling hopes of a de-escalation in Iran.
Commerzbank analysts Dr. Henry Hao and Moses Lim note that the Reserve Bank of India (RBI) has banned authorised dealers from offering non-deliverable INR derivative contracts to residents and non-residents, and from transacting FX derivatives with related parties.
Gulf nations are considering pipeline projects to bypass the Strait of Hormuz amid concerns over Iran's potential control of the strategic waterway, the Financial Times reported on Thursday.
The AUD/USD pair is down 0.7% to near 0.6870 in the late Asian trading session on Thursday. The Aussie pair faces intense selling pressure as the Australian Dollar (AUD) underperforms due to a risk-off mood.
The USD/CHF pair jumps to around 0.7985 during the early European session on Thursday. The Greenback strengthens against the Swiss Franc (CHF) following an address to the nation by US President Donald Trump.
AUD/JPY loses ground after two days of gains, trading around 109.60 during the Asian hours on Thursday.
