Trading news

The Euro (EUR) remains under broad selling pressure against the US Dollar (USD) on Thursday, extending losses below the 1.1600 mark as the abrupt resignation of French Prime Minister Sébastien Lecornu sparks caution among investors and dampens appetite for the common currency.

EUR/JPY trades at 177.32 on Thursday, down 0.10% on the day at the time of writing, after reaching a record high of 177.94 earlier in the day. The pair consolidates its recent gains after four bullish days.

United States EIA Natural Gas Storage Change above expectations (76B) in October 3: Actual (80B)

The Euro (EUR) edges higher against the Swiss Franc (CHF) on Thursday, erasing earlier losses after a volatile start to the day.

The GBP/JPY pair edges lower on Thursday, trading around 204.40, down about 0.1% on the day. After four consecutive days of gains, the British Pound (GBP) takes a breather against the Japanese Yen (JPY).

Russia Central Bank Reserves $ climbed from previous $713.3B to $722.5B

Gold (XAU/USD) steadies on Thursday after smashing through the $4,000 psychological mark and setting a fresh all-time high of $4,059 on the previous day.

The Euro (EUR) is trading defensively with a marginal 0.1% decline against the US Dollar (USD), softening back toward Wednesday’s lows around 1.16, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

Mexico Headline Inflation registered at 0.23%, below expectations (0.27%) in September

Brazil IPCA Inflation came in at 0.48% below forecasts (0.52%) in September

Mexico 12-Month Inflation registered at 3.76%, below expectations (3.79%) in September

Mexico Core Inflation above expectations (0.32%) in September: Actual (0.33%)

The Canadian Dollar (CAD) is trading flat against the US Dollar (USD) and extending its recent consolidation around a cluster of key technical levels, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

There is a chance for US Dollar (USD) to test 153.00 again before a more sustained and sizeable pullback can be expected. In the longer run, further USD strength is likely; the level to watch is 153.80, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.

This week’s US Dollar (USD) rally is showing signs of exhaustion and movement among most of the G10 currencies is limited as we head into Thursday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret note.

The accounts of the European Central Bank's (ECB) September policy meeting showed on Thursday that policymakers felt no immediate pressure to change the policy rate, per Reuters.

The NZD/USD pair trader 0.25% lower to near 0.5770 during the late European trading session on Thursday. The Kiwi pair faces selling pressure as the New Zealand Dollar (NZD) continues to underperform, following the monetary policy announcement by the Reserve Bank of New Zealand (RBNZ).

Silver (XAG/USD) accelerated its recovery on Thursday, with precious metals trading firmer despite the US Dollar’s strength.

The USD/CHF pair posts a fresh monthly high near 0.8040 during the European trading session on Thursday. The Swiss Franc pair trades firmly as the US Dollar (USD) trades close to its two-month high ahead of the speech from Federal Reserve’s (Fed) Chair Jerome Powell at 12:30 GMT.

South Africa Manufacturing Production Index (YoY) fell from previous -0.7% to -1.5% in August