Sweden Trade Balance (MoM) down to -7.3B in April from previous 9.3B

The United States (US) Bureau of Economic Analysis (BEA) will publish the Personal Consumption Expenditures (PCE) Price Index data for April on Thursday at 12:30 GMT. 

Solana (SOL) extends its losses trading toward the $80 mark as of writing on Thursday. The price correction is further supported by the fresh US-Iran tensions weighing on risk sentiment.

The Japanese Yen (JPY) is marginally lower against the US Dollar (USD), but outperforms its other peers during the late Asian trading session on Thursday. The USD/JPY is slightly higher to near 159.55, close to its four-week high of 159.65 posted earlier in the day.

Dogecoin (DOGE) faces intense selling pressure, extending its decline below $0.1000 at press time on Thursday. Roughly $10 million has been wiped out from DOGE futures over the last 24 hours, reflecting a sell-off wave under broader market pressure.

The USD/CHF pair gains momentum to around 0.7895 during the early European trading hours on Thursday. Renewed tensions in the Middle East boost the US Dollar (USD) against the Swiss Franc (CHF).

The USD/CAD pair is seen building on the previous day's breakout momentum through the 1.3810-1.3815 confluence hurdle and gaining positive traction for the third straight day on Thursday.

Aave Labs has proposed deploying its V4 protocol on Avalanche, alongside a dedicated hub for real-world assets (RWAs), according to a Wednesday post on its governance forum.

The Australian Dollar (AUD) slumps over 0.5% to near 0.7100 during the Asian trading session on Thursday. The Aussie par slumps as the antipodean underperforms its peers due to risk-off market sentiment and diminished hawkish Reserve Bank of Australia (RBA) bets.

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

Ripple (XRP) remains under pressure, extending its correction and trading below the $1.30 support on Thursday.

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains some positive traction during the Asian session on Thursday and recovers a major part of the previous day's losses to its lowest level since April 21.

Silver price (XAG/USD) tumbles to around $72.30, the lowest since May 6, during the early European trading hours on Thursday. The precious metal faces some selling pressure amid renewed tensions between the US and Iran. 

Bitcoin (BTC) hovers below $74,000 at press time on Thursday, extending its third consecutive day of loss. US President Donald Trump addresses the growing pressure on crypto and focuses on future-proofing the market structure with the Digital Asset Market Clarity (CLARITY) Act. 

The Euro (EUR) slides 0.3% to near 1.1590 against the US Dollar (USD) during the Asian trading session on Thursday.

Gold (XAU/USD) remains under some selling pressure for the third straight day and drops to sub-$4,400 levels or a fresh two-month low during the Asian session on Thursday.

The US Dollar (USD) attracts significant bids in the Asian trading session on Thursday, as Iran retaliates against the United States (US) attack near Bandar Abbas airport, Tasnim agency reported.

The New Zealand Dollar (NZD) drops to near 0.5883 against the US Dollar (USD) during the Asian trading session on Thursday, following the New Zealand (NZ) budget 2026 announcement.

Citing Tasnim News Agency, Reuters reported on Thursday that Iran’s Islamic Revolutionary Guard Corps (IRGC) said it targeted the US airbase in response to attack near Bandar Abbas airport.

The United States (US) Treasury Department said on Wednesday that it has sanctioned the Persian Gulf Strait Authority, the body Iran has set up to manage the Strait of Hormuz, the conduit for about a fifth of the global oil supply.

Chicago Fed President Austan Goolsbee made comments on the impact of supply shocks on monetary policy on Thursday.

The GBP/USD pair attracts some sellers near 1.3400 during the Asian trading hours on Thursday. The British Pound (GBP) weakens against the US Dollar (USD) on fresh geopolitical developments.

Japan’s Finance Minister Satsuki Katayama said that she hopes  the Bank of Japan (BoJ) will adopt suitable monetary policy to stably, sustainably reach 2% inflation target with rising wages. 

The USD/JPY pair trades with a positive bias for the third straight day and touches a four-week high, around the 159.60 region, during the Asian session on Thursday.

New Zealand’s Finance Minister Nicola Willis delivered the government's Budget 2026 on Thursday with the details below.

The USD/CAD pair attracts buyers for the third consecutive day and trades near mid-1.3800s, or its highest level since April 13, during the Asian session on Thursday.

Australia Private Capital Expenditure registered at 6.5% above expectations (1%) in 1Q