Instead of continuing to rise, US Dollar (USD) is more likely to trade in a range of 144.15/145.25 against Japanese Yen (JPY). In the longer run, USD has likely entered a range trading phase, probably between 143.50 and 145.95, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Silver (XAG/USD) is trading with a modest positive bias on Thursday, holding steady near $36.75 during the American trading session after easing from an earlier high of $37.07.
The Euro is trading lower against the British Pound on Thursday, retreating from the 3 ½ month highs at 0.8670 hit on Wednesday as the uncertainty about Chancellor Rachel Reeves revived concerns about the UK’s fiscal health.UK Prime Minister, Keir Starmer, was forced to show the Government’s support