The New Zealand Dollar (NZD) edges higher against the US Dollar (USD) on Thursday, with NZD/USD extending gains for the second straight session after reversing earlier losses as the Greenback softened in the wake of the latest US inflation release.
The Pound Sterling (GBP) is down 0.2% against the US Dollar (USD) and a mid-performer among the G10 as we head into Thursday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The AUD/JPY cross loses ground to near 97.45 during the early European session on Thursday. The upbeat Japanese economic data, including the Reuters Tankan poll and revised Gross Domestic Product (GDP), keep the door open for an imminent Bank of Japan (BoJ) interest rate hike by the year-end.