USD/CAD remains calm after six days of gains, trading around 1.3700 during the Asian hours on Thursday. The pair stays silent as the US Dollar (USD) moves little as market caution prevails ahead of a pivotal summit in Beijing between US President Donald Trump and Chinese President Xi Jinping.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.8401 compared to the previous day's fix of 6.8426 and 6.7888 Reuters estimate.

The USD/JPY pair trades on a flat note near 157.85 during the early Asian session on Thursday.

West Texas Intermediate (WTI) crude oil price continues to slide for a second straight day, trading near $96.80 per barrel during Asian market hours on Thursday.

The EUR/USD pair recovers some lost ground to near 1.1720 during the early Asian session on Thursday. The Euro (EUR) edges higher against the US Dollar (USD) on hawkish signals by European Central Bank (ECB) officials.

Japan Money Supply M2+CD (YoY) rose from previous 2% to 2.3% in April

Japan Foreign Investment in Japan Stocks: ¥1437.5B (May 8) vs ¥301.5B

Japan Foreign Investment in Japan Stocks down to ¥301.5B in May 1 from previous ¥807.9B

A Bitcoin (BTC) holder allegedly regained access to roughly 5 BTC, worth nearly $400,000, after misplacing his password, according to a viral X post on Wednesday.

Japan Foreign Investment in Japan Stocks: ¥1437.5B (May 1) vs ¥807.9B

US President Donald Trump arrived in Beijing for a state visit to China, where he will meet with Chinese President Xi Jinping to discuss topics including trade and the Iran war, Bloomberg reported on Wednesday. This is the first state visit to China by a US leader in nine years.

Gold price (XAU/USD) trades in positive territory near $4,700 during the early Asian session on Thursday. The precious metal edges higher as markets turn cautious ahead of the US President Donald Trump-Chinese President Xi Jinping summit in Beijing.

United Kingdom RICS Housing Price Balance registered at -34%, below expectations (-25%) in April

The GBP/JPY hovers around 213.50 on Wednesday, finishing the session barely unchanged, up a mediocre 0.04% as the Yen weakened against most G10 FX currencies.

GBP/USD ended Wednesday little changed on a net basis, though the session included a sharp intraday swing of around 65 pips.

NZD/USD ended Wednesday virtually flat, though the session produced a sharp two-way range of close to 50 pips.

AUD/USD gained roughly 0.3% on Wednesday, climbing through the session before peaking just below the recent cycle highs and pulling back into the close.

BNP Paribas explains that Thailand shifted from broad price freezes to targeted subsidies for vulnerable households and firms.

OCBC’s Christopher Wong notes USD/SGD has risen with broader USD/AXJ but the move has been milder, reflecting Singapore Dollar's (SGD) lower beta. Wong observes fading bearish momentum and moderated RSI, suggesting two-way trade.

Ethereum (ETH) is facing increasing selling pressure on the spot side following signs of cracks in US-Iran peace talks. With Oil prices surging higher, the top altcoin has failed to recover the $2,300 key level on Wednesday.

Fidelity International launched its first tokenized fund on Wednesday, the Fidelity USD Digital Liquidity Fund (FILQ), bringing regulated on-chain yield-bearing liquidity products to its clients.

BNP Paribas economists note that Malaysia has kept stable the price of RON 95 fuel used mainly by households, limiting the fiscal impact of subsidies to about 0.2% of GDP if Oil stays below USD 100.

The US Dollar Index (DXY) rises toward the 98.50 region, reaching its highest level since late April after US Producer Price Index (PPI) data came in much hotter than expected.

Philip Lane, Member of the European Central Bank (ECB), told an audience in London on Wednesday that the propagation of the Iran shock may be more contained than in 2022, but stronger and faster than historical averages.

OCBC’s Christopher Wong reports South Korean Won (KRW) led declines in Asia FX, pressured by higher Oil, firmer UST yields, softer risk tone and heavy foreign equity outflows.

The European Central Bank (ECB) Chief Economist Philip Lane crossed the wires, saying that the energy shock caused by the Iran war will require a restrictive policy at a conference in London.

Gold (XAU/USD) price edges lower during Wednesday’s session following another high inflation print in the US: input prices for producers, which hit their highest level in four years. At the time of writing, the XAU/USD pair trades at $4,699, down some 0.30%.