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GBP/USD slips as strong US jobs data offsets upbeat risk mood
The GBP/USD dropped by 0.17% on Thursday as US jobs data outshone UK Gross Domestic Product (GDP) data revealed during the European session. expectations for a peace deal between the US and Iran, keep the market mood upbeat. The pair trades at 1.3534 after reaching a high shy of the 1.36 handle.
Fxstreet
Thu, Apr 16
USD/CAD declines as Hormuz disruptions keep Oil elevated, US-Iran talks in focus
USD/CAD trades with a negative bias on Thursday, extending losses for a fourth straight day as elevated Oil prices support the commodity-linked Canadian Dollar (CAD), even as the US Dollar (USD) strengthens against most of its peers.
USD/JPY edges higher as geopolitical risks and policy divergence support the US Dollar
The USD/JPY pair is trading near the 159.20 price region, having surged roughly 100 pips from its intraday low and posting modest daily gains as markets continue to digest developments in the Middle East and shifting expectations around central bank policy.
Fxstreet
Thu, Apr 16
USD/CHF edges higher as USD rebounds, mixed US data and inflation risks in focus
USD/CHF edges higher on Thursday as the US Dollar (USD) stages a modest recovery after eight consecutive days of losses, putting pressure on the Swiss Franc (CHF). At the time of writing, the pair is trading around 0.7828, up nearly 0.11% on the day.
Fxstreet
Thu, Apr 16
USD/JPY: Intervention risk versus hedge overhang – BNY
BNY’s Bob Savage notes that Japanese equities have reclaimed record highs, but international allocations to Japan and Japanese Yen (JPY) hedges have not fully normalized. JPY remains pressured by persistent foreign hedging and limited Japanese outflows.Fxstreet
Thu, Apr 16
EUR/GBP: Recovery extends as energy risks ease – MUFG
Lee Hardman at MUFG observes that both Euro (EUR) and Pound (GBP) have fully reversed their initial Middle East conflict losses versus the US Dollar (USD), helped by falling European energy prices and stronger United Kingdom (UK) Gross Domestic Product (GDP) data.
Fxstreet
Thu, Apr 16
ECB: Cautious as inflation edges higher – BNY
BNY reports that European Central Bank (ECB) officials are signaling a preference to hold rates at the April meeting, despite Eurozone inflation rising to 2.6% year-on-year in March. Policymakers stress the need for more data given Iran-related growth and oil risks.Fxstreet
Thu, Apr 16
USD/JPY edges up above 159.00 as the Strait of Hormuz curbs risk appetite
The US Dollar (USD) has retraced previous losses against the Japanese Yen (JPY) on Thursday, returning to levels right above 159.00 at the time of writing, as the US-Iran rift over the Strait of Hormuz dampens optimism about the peace process.Fxstreet
Thu, Apr 16
EUR/CHF rebounds after Eurozone inflation data, markets eye ECB signals
EUR/CHF trades around 0.9230 on Thursday at the time of writing, virtually unchanged on the day. The pair is nevertheless rebounding from its intraday low of 0.9198 reached earlier in the day, following the release of the Eurozone’s March inflation data.
Fxstreet
Thu, Apr 16
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