TD Securities strategists note that Australian employment data for March broadly matched the Reserve Bank of Australia’s (RBA) expectations, with steady unemployment and solid full-time job gains.

Brown Brothers Harriman’s (BBH) Elias Haddad notes that the recovery narrative is overshadowing the International Monetary Fund's (IMF) weaker growth outlook, with global equities at record highs and the US Dollar (USD) retracing losses.

MUFG’s Senior Currency Analyst Lee Hardman notes that the Japanese Yen (JPY) has remained weak even as the Dollar has corrected lower, with USD/JPY still threatening the 160.00 level.

Bitcoin (BTC) price holds its gains, trading above $75,000 on Thursday as risk appetite improves amid hopes of a US-Iran peace deal. Institutional demand shows signs of optimism as spot Bitcoin Exchange Traded Funds (ETFs) recorded their second consecutive day of inflows this week.

The US Dollar (USD) has retraced previous losses against the Japanese Yen (JPY) on Thursday, returning to levels right above 159.00 at the time of writing, as the US-Iran rift over the Strait of Hormuz dampens optimism about the peace process.

Pi Network (PI) extends gains by roughly 1.55% at press time on Thursday, crossing above the $0.1700 mark. The social buzz surrounding PI is stabilizing, while daily flows on Centralized Exchanges (CEXs) show renewed retail interest.  

Commerzbank’s Dr. Henry Hao notes that China’s Q1 2026 GDP grew 5.0% year-on-year, at the top of Beijing’s 4.5%–5.0% target, easing immediate pressure for aggressive stimulus.

EUR/CHF trades around 0.9230 on Thursday at the time of writing, virtually unchanged on the day. The pair is nevertheless rebounding from its intraday low of 0.9198 reached earlier in the day, following the release of the Eurozone’s March inflation data.

Crude prices edge up on Thursday, but remain trading within the previous day’s range.

ING’s commodities team says Copper has climbed to around a one‑month high alongside broader industrial metals as markets price reduced macro risks and potential US–Iran talks.

Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $79.65 per troy ounce, up 0.83% from the $78.99 it cost on Wednesday.

Standard Chartered’s Steve Englander and Dan Pan argue that United States (US) labour market strength may be overstated once model-based adjustments are stripped out.

According to a statement from a senior Iranian official, Pakistani army chief Field Marshal Asim Munir’s trip to Iran has helped reduce differences in some areas; however, issues regarding Tehran’s nuclear ambitions and uranium enrichment remain unsolved.

TD Securities’ Global Strategy Team notes that US rates moved higher as the S&P 500 reached a record high, with comments from Treasury Secretary Bessent acknowledging eventual Federal Reserve rate cuts but allowing for a pause.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, halts its losing streak that began on April 6 and is trading around 98.20 during the European hours on Thursday.

Eurozone Harmonized Index of Consumer Prices (MoM) above forecasts (1.2%) in March: Actual (1.3%)

Eurozone Core Harmonized Index of Consumer Prices (MoM) remains at 0.8% in March

Eurozone Harmonized Index of Consumer Prices (YoY) registered at 2.6% above expectations (2.5%) in March

Eurozone Core Harmonized Index of Consumer Prices (YoY) meets forecasts (2.3%) in March

United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann highlight a sharp AUD/USD surge to 0.7178, far above their prior 0.7100–0.7155 range expectation, leaving the pair deeply overbought. They see scope for a test of 0.7190 intraday, but doubt a sustained break higher.

The US Dollar (USD) is trading practically flat against the Swiss Franc (CHF) on Thursday, with the USD/CHF pair holding above the 0.7800 area for now, yet upside attempts are capped below Monday’s highs at 0.7830, as hopes of a resolution of the Middle East Conflict are weighing on the safe-haven G

Danske Research Team notes that the Norwegian Krone (NOK) strengthened on risk-on sentiment, pushing EUR/NOK back to just above 11.00, while EUR/SEK initially resisted positive risk before slipping below 10.80 later.

AUD/JPY continues its winning streak that began on April 6, trading around 114.10 during the European hours on Thursday. The technical analysis of the daily chart suggests a bullish bias as the currency cross moves upwards within the ascending channel pattern.

European Central Bank (ECB) policymaker and governor of the Bank of France, François Villeroy de Galhau, said during European trading hours on Thursday that it is premature to price in an interest rate hike in the policy meeting later this month.

Rabobank’s Global Strategist Michael Every argues that markets are treating the Iran conflict and Hormuz disruption as largely resolved, with Oil futures not fully reflecting physical supply risks.

ING’s Chris Turner notes that EUR/USD has fully retraced its March losses, helped by fading expectations for an April ECB hike while a June hike remains priced. The ECB is seen keeping a hike option open as it assesses scenarios.

No immediate response by the Swiss Franc (CHF) after the SNB minutes release. However, USD/CHF is rising in the European trade and has recovered its early losses, turning flat around 0.7820 as the US Dollar (USD) bounces back.