Silver price (XAG/USD) extends its losses for the second successive day, trading around $53.30 per troy ounce during Asian hours on Thursday.

The AUD/USD pair gathers strength to near 0.7055 during the Asian trading hours on Thursday. The Australian Dollar (AUD) edges higher against the US Dollar (USD) as hotter inflation data bolsters expectations of Reserve Bank of Australia (RBA) rate hikes.

EUR/USD depreciates after registering modest gains in the previous day, trading around 1.1140 during Asian hours on Thursday. The pair loses ground as the US Dollar (USD) bounces back from the previous day's losses after the Federal Reserve (Fed) kept interest rates unchanged.

The USD/CAD pair loses ground to near 1.3975 during the early Asian trading hours on Thursday. The Canadian Dollar (CAD) strengthens against the US Dollar (USD) after the Bank of Canada (BoC) delivers a rate hike.

The GBP/USD pair meets with a fresh supply during the Asian session on Thursday, stalling the previous day's bounce from the 1.3275-1.3270 region, or a nearly two-week low.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7147 compared to the previous day's fix of 6.7165 and 6.6596 Reuters estimate.

USD/JPY recovers its recent losses from the previous day, trading around 158.00 during Asian hours on Thursday. The pair gains ground as the US Dollar (USD) bounces back from its previous day's losses.

Most of USD/JPY's October 22-23 drop is back, and the Fed's hold didn't add to it. The pair was above 158.00 in the run-up to the Fed's decision and made its session high, short of 158.50, as Fed Chair Warsh's press conference began.

Both central banks behind NZD/USD left their rates alone on Wednesday, and the Reserve Bank of New Zealand (RBNZ) kept 2.75% with a hike priced near 90%. NZD/USD fell below 0.5600 on the RBNZ's decision, the first time under that level since October 15.

The AUD/USD drifts higher by 0.40% on Wednesday after the Federal Reserve held rates unchanged, while Fed Chair Kevin Warsh hinted that "officials had made clear our readiness to act as circumstances require, and we have shown our willingness to act.” The AUD/USD trades at 0.7053.

The European Central Bank (ECB) decides on Thursday with EUR/USD a short way above a low it has hit twice, on October 14 and again on Wednesday. Wednesday's visit, just above 1.1100, followed five straight losing sessions.

GBP/USD's first gain in four sessions came from a weaker Dollar after the Fed's hold, and Chancellor Healey's first Budget had little to do with it. The pair's session low, just above 1.3250 and its lowest since mid-October, came well before the Budget speech.

The US Dollar (USD) has come under fresh downside pressure on Wednesday, as investors continued to digest the latest FOMC event and the mixed performance of US Treasury yields across the curve.

The Australian Dollar remains firm against the US Dollar after the Federal Reserve held rates steady, despite US inflation staying well above its 2% target. The decision was not unanimous: two members dissented in favour of a quarter-percentage-point rate hike. The AUD/USD trades at 0.7056.

The Japanese Yen lost ground against the US Dollar after the Federal Reserve kept rates steady, even though US inflation remains well above its 2% target. Of note, the decision was not unanimous, with two dissenters in favour of a quarter-percentage-point rate hike.

The Pound Sterling recovers some ground after the Federal Reserve held rates unchanged, as markets expected, in a 10–2 vote, with two dissenters voting for a rate increase. The GBP/USD trades near 1.3300.

The Bank of Canada (BoC) raised its rate to 2.50% on Wednesday and the Fed held at 3.75%-4.00%, so the Fed's lead shrank by a quarter-point in one session.

After the Fed's hold, Thursday's decision from the European Central Bank (ECB) is the week's last chance to change EUR/USD's rate gap, and a hold is expected there too. The pair rose on the statement and won back part of a slide from the session high just above 1.1150.

NZD/USD falls sharply on Wednesday, losing 0.98% on the day to trade around 0.5625 at the time of writing. The New Zealand Dollar (NZD) faces significant selling pressure after the Reserve Bank of New Zealand (RBNZ) unexpectedly left its benchmark interest rate unchanged.

AUD/USD advances on Wednesday, gaining 0.17% on the day to trade around 0.7035 at the time of writing. The Australian Dollar (AUD) benefits from hotter-than-expected inflation data in Australia, which strengthens expectations of another interest rate hike by the Reserve Bank of Australia (RBA).

USD/CHF consolidates modest gains on Wednesday ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT. The pair remains on the front foot for a fourth consecutive day as traders favour higher-yielding currencies, leaving the Swiss Franc (CHF) under pressure.

The Pound Sterling retreats for the fourth consecutive day versus the US Dollar, down 0.02% as investors brace for the Federal Reserve policy decision and also digest the UK’s Autumn Budget. The GBP/USD trades near 1.3300, barely unchanged.

UOB’s Quek Ser Leang and Lee Sue Ann note AUD/USD has shifted into a slightly higher intraday range after touching 0.7055 in early Asia, with scope to test 0.7060 while major resistance at 0.7070 is seen out of reach and support at 0.7020.

USD/CAD is little changed during American trading hours on Wednesday as the Canadian Dollar (CAD) struggles to benefit from a widely anticipated Bank of Canada (BoC) interest rate hike.

EUR/CAD trades around 1.5640 on Wednesday, gaining 0.06% on the day at the time of writing, despite the Bank of Canada’s (BoC) decision to raise its benchmark interest rate by 25 basis points (bps) to 2.50%.

Standard Chartered’s Bader Al Sarraf and Nicholas Chia note that the RBNZ unexpectedly held its OCR at 2.75% in a narrow 4-3 vote, weighing on the New Zealand dollar despite signals that further tightening remains likely.

EUR/USD trades with a positive bias during American trading hours on Wednesday as the US Dollar (USD) pauses its advance ahead of the Federal Reserve’s (Fed) monetary policy decision, due at 18:00 GMT.

Rabobank’s Senior FX Strategist Jane Foley discusses whether the Japanese Yen (JPY) has regained safe haven characteristics after strong performance versus G10 peers.

Brown Brothers Harriman’s Elias Haddad notes AUD/USD has failed to clear its 200-day moving average, but stronger-than-expected Australian inflation data supports the case for further Reserve Bank of Australia (RBA) tightening. Headline and trimmed mean Consumer Price Index (CPI) are running above the RBA’s August projections, prompting futures to increase the implied probability of a November hike to 4.85% and to price in an additional move in Q1, underpinning the Australian

The Swiss Franc (CHF) has retraced previous gains against the US Dollar (USD) on Wednesday and trades practically flat on the daily chart, stronger as investors brace for the Federal Reserve’s (Fed) monetary policy decision, due later in the day.