Switzerland Unemployment Rate s.a (MoM) remains at 3% in May

Spain Industrial Output Cal Adjusted (YoY) in line with expectations (2%) in April

The USD/CAD pair trades in positive territory around 1.3905 during the early European trading hours on Thursday. A ceasefire agreement between Israel and Lebanon renewed hopes for diplomatic progress.

MUFG’s Lloyd Chan notes that Brent Oil prices remain elevated as US–Iran tensions persist, helping to support the US Dollar. Strong US data, including ADP employment and ISM services, reinforce expectations of a “higher for longer” Fed stance.

Switzerland Consumer Price Indes rises at a steady pace of 0.6% Year-on-Year (YoY) in May, but slower than estimates of 0.8%. On a monthly basis, inflationary pressures grew moderately by 0.2% vs. estimates and the previous reading of 0.3%.

The Euro (EUR) is ticking up for the second consecutive day against the British Pound (GBP) on Thursday, although it remains capped below 0.8650 so far, with the one-week low of 0.8632 at a short distance.

Commerzbank analysts report that India will introduce new Producer Price Index (PPI) and revised WPI indices on 15 June, improving measurement of producer price pressures but with limited near-term policy impact.

Switzerland Consumer Price Index (YoY) came in at 0.6% below forecasts (0.8%) in May

Switzerland Consumer Price Index (MoM) below expectations (0.3%) in May: Actual (0.2%)

AUD/USD inches higher after registering modest losses in the previous day, trading around 0.7130 during the Asian hours on Thursday.

Danske Research Team notes that equities fell on stronger macro data, Middle East headlines and higher Oil prices, but they view the move as a modest setback within an exceptionally strong rally.

UOB’s Quek Ser Leang and Lee Sue Ann keep a cautious stance on EUR/USD after the pair slipped toward 1.1590. They see scope for a test of this major support, though a sustained drop below appears unlikely for now.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.10 during the early European trading hours on Thursday. The WTI price falls as a ceasefire agreement between Israel and Lebanon renewed hopes for diplomatic progress. 

The EUR/USD pair trades marginally higher to near 1.1600 during the early European trading session on Thursday. The major currency pair edges up, but is close to its Wednesday’s low, suggesting that the outlook is still uncertain.

Hyperliquid (HYPE) price sustains an upward trend near its all-time high of $75.76 on Thursday after posting 80% gains in May, while Bitcoin (BTC) retraces below $65,000, triggering a market-wide panic.

The NZD/USD pair gains ground to near 0.5875, snapping the three-day losing streak during the early European session on Thursday. The potential upside for the New Zealand Dollar (NZD) might be limited as fresh Gulf hostilities sent oil prices higher and sapped risk appetite.

USD/IDR extends its gains for the second successive day, reaching a fresh record high of 18,074 during the Asian hours on Thursday.

Reserve Bank of Australia (RBA) Governor Michele Bullock testified on Thursday before the Senate Economics Legislation Committee.

The Indian Rupee (INR) opens flat against the US Dollar (USD) on Thursday after a strong Wednesday. The USD/INR pair holds onto previous day’s gains around 95.72 as oil prices remain higher, with United States (US)-Iran negotiations remaining in deadlock.

The USD/JPY pair attracts some sellers during the Asian session on Thursday amid fears that authorities will step in again to prop up the Japanese Yen (JPY). Furthermore, the Israel-Lebanon truce prompts some profit-taking around the US Dollar (USD) and exerts downward pressure on the currency pair.

Gold prices rose in India on Thursday, according to data compiled by FXStreet.

The EUR/JPY cross posts modest gains around 185.65 during the early European session on Thursday. The potential upside might be limited for the cross amid fears of foreign exchange intervention from Japanese authorities. 

USD/CHF halts its three-day winning streak, trading around 0.7910 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) loses ground on easing risk aversion following the news that Israel and Lebanon on Wednesday agreed to renew a ceasefire.

Gold (XAU/USD) gains some positive traction on Thursday and climbs to the $4,475 area during the Asian session, reversing a major part of the previous day's slide to a one-week low. The Israel-Lebanon truce prompts some profit-taking around the US Dollar (USD) and supports the commodity.

Silver price (XAG/USD) trades 1.2% higher to near $73.60 during the Asian trading session on Thursday.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is remaining subdued after three successive days of gains and trading around 99.50 during the Asian hours on Thursday.

Ethereum (ETH) has fallen below $1,800 on Wednesday, the first time since May 2025 following accelerated spot selling pressure and distributions from long-term holders.