The British Pound loses ground against the Greenback on Thursday as solid economic data in the US, trump an upbeat Gross Domestic Product (GDP) report in the UK. At the time of writing, the GBP/USD trades at 1.3367, down 0.53%.
The Euro (EUR) is soft within its recent range while still trading just above the Friday/Monday lows, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The Canadian Dollar (CAD) is soft and entering Thursday’s NA session with a modest decline vs. the US Dollar (USD), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
The Euro (EUR) weakens further against the US Dollar (USD) on Thursday as the Greenback extends its advance following the release of weekly US labor-market data. At the time of, EUR/USD
AUD/USD trades around 0.6680 on Thursday at the time of writing, virtually unchanged on the day, as investors digest a batch of encouraging US economic data alongside mixed signals from Australia.
Federal Reserve Bank of Atlanta President Raphael Bostic commented that he believes inflation pressures will continue throught the year and that many businesses are still incorporating tariffs into prices at the Metro Atlanta Chamber's Board of Directors meeting on Thursday.
Federal Reserve (Fed) Bank of Chicago President Austan Goolsbee said that Despite the low claims data there is still strength in the job market at an interview with CNBC on Thursday
The British Pound (GBP) weakens against the Japanese Yen (JPY) on Thursday as renewed intervention speculation lends support to the Yen after its recent slump. At the time of writing, GBP/JPY hovers near 212.35, extending losses for a second consecutive day while holding near multi-year highs.
West Texas Intermediate (WTI) US Oil retreats for a second consecutive day and trades around $59.20 per barrel on Thursday at the time of writing, down 1.60% on the day. Crude Oil prices remain under pressure as concerns about a potential US military action against Iran gradually fade.
According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance went down to 198K for the week ending January 10.
Ripple (XRP) is trading lower above support at $2.08 at the time of writing on Thursday, as the broader cryptocurrency market mildly pulls back following a bullish start of the week.
The US Dollar remains bid against a somewhat softer Swiss Franc, weighed by a brighter market sentiment on Thursday. The Greenback keeps its bullish trend from late December lows in play, but has so far been unable to find acceptance above the 0.8020 area.
Gold (XAU/USD) holds firm above the $4,600 psychological mark on Thursday after coming under modest pressure earlier in the day, as traders book mild profits following Wednesday’s surge to a fresh record peak near $4,643.
NZD/USD hovers around 0.5740 on Thursday at the time of writing, virtually unchanged on the day, as investors digest another round of strong US economic data and remain cautious ahead of the weekly US Initial Jobless Claims figures due later in the day.
Bitcoin (BTC) is trading lower but holds above $96,000 at the time of writing on Thursday, as the broader crypto market pulls back from recent highs driven by investors' optimism and rising institutional interest.