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USD/CAD extends losses, nearing 1.3700 amid optimism about Iran's war
The US Dollar (USD) extends losses against the Canadian Dollar (CAD) for the fourth consecutive day on Thursday, amid broad-based weakness in the USD as investors raise their bets on a resolution of the Middle East conflict.
Fxstreet
Thu, Apr 16
AUD: Labor data offsets rising risks – Commerzbank
Commerzbank’s Volkmar Baur writes that the Australian Dollar is supported by resilient labor market data, with unemployment steady at 4.3% and 18,000 jobs added in March. However, sentiment indicators have weakened, inflation expectations have risen, and refinery disruptions raise supply risks.
Fxstreet
Thu, Apr 16
AUD/USD Price Forecast: Needs breakout above 0.7200 for a fresh rally
The AUD/USD pair posts a fresh multi-year high around 0.7200 during the European trading session on Thursday. The Aussie pair demonstrates strength as the Australian Dollar (AUD) outperforms its peers amid a continuous risk-on market mood.Fxstreet
Thu, Apr 16
Pound Sterling gains against its peers as UK GDP data beats estimates
The Pound Sterling (GBP) attracts bids against its major currency peers, trading 0.14% higher to near 1.3580 against the US Dollar (USD) during the European trading session on Thursday after the release of the stronger-than-projected United Kingdom (UK) Gross Domestic Product (GDP) data for February
Fxstreet
Thu, Apr 16
USD/INR: RBI actions anchor range view – Commerzbank
Commerzbank’s FX team, including Charlie Lay, Dr. Henry Hao and Moses Lim, notes that USD/INR was flat near 93.38 after intraday volatility, with the Indian Rupee (INR) still pressured by elevated commodity prices and structural deficits.Fxstreet
Thu, Apr 16
USD/INR ticks lower as Iran truce hopes batter US Dollar
The Indian Rupee (INR) opens slightly higher against the US Dollar (USD) on Thursday. The USD/INR pair edges down to near 93.28 as the US Dollar (USD) faces intense selling pressure due to improving hopes of a permanent ceasefire between the United States (US) and Iran.Fxstreet
Thu, Apr 16
EUR/JPY Price Forecast: Weakens to near 187.50, while staying bullish above 100-day EMA
The EUR/JPY cross trades with mild losses near 187.50 during the early European session on Thursday. The Japanese Yen (JPY) strengthens against the Euro (EUR) amid intervention fears from Japanese authorities.
Fxstreet
Thu, Apr 16
USD/CHF slumps to near 0.7800 as US Dollar extends decline amid Iran optimism
The USD/CHF pair trades 0.2% lower to near 0.7800 during the Asian trading session on Thursday. The Swiss Franc pair faces selling pressure as the US Dollar (USD) continues to underperform amid increasing hopes that the United States (US) and Iran would reach a permanent ceasefire soon.
Fxstreet
Thu, Apr 16
NZD/USD remains stronger above 0.5900 as China’s economy expands in Q1
NZD/USD remains stronger for the fourth consecutive day, trading around 0.5920 during the Asian hours on Thursday. The pair remains stronger following China’s first-quarter Gross Domestic Product figures. China’s economic change could impact the NZD as a key trading partner for New Zealand.Fxstreet
Thu, Apr 16
Australian Dollar holds gains after mixed Australian, Chinese data
The AUD/USD pair holds positive ground around 0.7180 during the Asian trading hours on Thursday. The Australian Dollar (AUD) strengthens against the Greenback amid mixed economic data from Australian and Chinese dockets.Fxstreet
Thu, Apr 16
Canadian Dollar strengthens as risk-on mood weighs on US Dollar
USD/CAD loses ground for the fourth successive day, trading around 1.3730 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) continues to lose ground on improved market sentiment, driven by expectations of a potential de-escalation in the Middle East conflict.
Japanese Yen edges higher on intervention fears; USD/JPY eyes weekly low on weaker USD
The USD/JPY pair struggles to capitalize on the previous day's modest gains and meets with a fresh supply during the Asian session on Thursday. Spot prices drop to the 158.70-158.65 region in the last hour and remain close to the weekly trough, touched on Tuesday amid a bearish US Dollar (USD).Fxstreet
Thu, Apr 16
Pound Sterling receives support as Middle East tensions ease
GBP/USD has rebounded from the modest losses recorded in the previous day, hovering near 1.3570 during Asian trading hours on Thursday. The pair advances as market sentiment improves, driven by expectations of a potential de-escalation in the Middle East conflict.Fxstreet
Thu, Apr 16
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