The USD/CAD pair extends its winning streak for the fourth trading day on Thursday and jumps to near 1.3830 during the Asian trading session, the highest level seen in two months.
The USD/JPY pair consolidates around mid-159.00s during the Asian session on Thursday and remains within striking distance of its highest level since July 2024, touched earlier this month.
GBP/USD remains flat after two days of losses, hovering around 1.3360 during the Asian trading hours on Thursday. The pair remains steady as the US Dollar (USD) holds firm, with traders closely tracking developments in the Middle East amid persistent uncertainty over efforts to end the Iran war.
US President Donald Trump reiterated early Thursday that Iran is negotiating to end the war.
West Texas Intermediate (WTI) Crude Oil prices consolidate during the Asian session on Thursday and hold steady around the $90.50 region, well within a three-day-old range.
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.9056 compared to the previous day's fix of 6.8911.
EUR/USD holds ground after registering modest losses in the previous day, trading around 1.1560 during the Asian hours on Thursday.
Japan Foreign Investment in Japan Stocks increased to ¥-2B in March 20 from previous ¥-1772.6B
Japan Corporate Service Price Index (YoY) up to 2.7% in February from previous 2.6%
The Australian Dollar begins Thursday's session with minuscule gains of 0.04%, after posting losses of 0.68% on Wednesday, courtesy of broad US Dollar strength, despite improved risk appetite. At the time of writing, the AUD/USD trades at 0.6950.
The Reserve Bank of Australia (RBA) Assistant Governor Christopher Kent warned that if the Middle East conflict prolongs, the economic damage would be greater and policymakers would need to cap inflation amid surging energy prices.
DBS Group Research economists Byron Lam and Daisy Sharma present a China GDP Nowcast indicating real GDP growth likely improved to 4.7% in 1Q 2026 from 4.5% in Q4 2025.
