The NZD/USD pair trades with a negative bias near the 0.5860 area on Friday, April 24, as the US Dollar (USD) remains supported despite a slight loss of momentum in the broader index.

GBP/JPY advance stalls around 215.70, then retreats to 215.00 as risk appetite deteriorates amid Middle East headlines, leaving traders uncertain about the conflict's outcome. The cross trades at 215.06 at the time of writing.

Standard Chartered’s Dan Pan expects Banco Central do Brasil (BCB) to continue its cautious easing cycle, projecting a 25bps cut at the 29 April meeting as inflation risks remain elevated.

USD/CHF trades flat on Thursday, with choppy price action and two-way swings as traders refrain from aggressive directional bets amid cautious market sentiment driven by ongoing US-Iran tensions. At the time of writing, the pair is trading around 0.7845.

USD/JPY trades around 159.45 on Thursday, virtually unchanged on the day but still close to recent highs after a series of three bullish days.

GBP/USD steadies at around 1.3500 as tensions in the Middle East rise with the US and Iran escalating the conflict as both began to seize ships or oil vessels near the Strait of Hormuz. Meanwhile, a Pakistani official revealed that negotiations between Washington and Tehran had frozen.

The AUD/USD pair trades neutrally near the 0.7160 price zone on Thursday, as the US Dollar (USD) gathered some strength following a fresh batch of solid United States (US) economic data.

EUR/USD rebounds on Thursday after trading under pressure earlier in the day, as the US Dollar (USD) loses momentum, allowing the Euro (EUR) to recover from intraday lows despite upbeat US Purchasing Managers Index (PMI) data and cautious market sentiment amid US-Iran tensions.

Commerzbank’s Tatha Ghose says their worst-case scenario materialised after the Turkish central bank left policy unchanged, relying on FX intervention and ad hoc liquidity tightening instead of rate hikes.

Scotiabank strategists Shaun Osborne and Eric Theoret note the Pound (GBP) is marginally softer versus the US Dollar (USD) but outperforming most G10 currencies, supported by better‑than‑expected United Kingdom (UK) Purchasing Managers' Index (PMI) data.

NZD/USD edges lower on Thursday, trading around 0.5875 at the time of writing, down 0.47% on the day, as risk aversion dominates market sentiment.

Societe Generale analysts note the Brazilian Real's (BRL) performance and highlight that USD/BRL failed to clear its downward‑sloping 200‑day moving average during recent consolidation, confirming the broader bearish trend.

Rabobank Senior FX Strategist Jane Foley highlights that stronger-than-expected New Zealand Consumer Price Index (CPI) and a hawkish Reserve Bank of New Zealand (RBNZ) stance have driven aggressive market pricing for policy tightening and supported the New Zealand Dollar (NZD).

The British Pound (GBP) weakens against the Japanese Yen (JPY) on Thursday as the Yen outperforms most of its major peers amid intervention warnings from Japanese authorities, with USD/JPY trading close to the 160.00 level.

AUD/USD trades around 0.7140 on Thursday, down 0.27% on the day, moving within a tight range as market sentiment remains pressured by geopolitical tensions.

USD/CAD trades around 1.3670 on Thursday, virtually unchanged on the day, as investors adopt a cautious stance ahead of the release of S&P Global PMI data in the United States (US).

The USD/JPY pair extends its two-day upside to near 159.75 during the European trading session on Thursday. The pair reflects strength as the US Dollar (USD) outperforms its peers due to rising oil prices amid the prolonged closure of the Strait of Hormuz.

Silver (XAG/USD) resumes its immediate bearish trend on Thursday, following a frail recovery attempt the previous day.

The Euro (EUR) depreciates for the third consecutive day against the British Pound (GBP) on Thursday.

GBP/USD trades around 1.3500 on Thursday, virtually unchanged on the day, after recovering earlier losses following the release of stronger-than-expected UK activity data.

The Euro (EUR) posts marginal losses against the US Dollar (USD) on Wednesday, trading at 1.1700 at the time of writing, following mixed Eurozone business activity data for April.

Danske Research Team underlines that Japan’s March national Consumer Price Index (CPI) is unlikely to show a surge, contrasting with global inflation trends, with consensus at 1.8% for CPI excluding fresh food.

The US Dollar (USD) trades higher for the third consecutive day against the Swiss Franc (CHF) on Thursday, as the lack of progress in the US-Iran peace process dampens investors’ appetite for risk.

Eurozone HCOB Manufacturing PMI above expectations (50.8) in April: Actual (52.2)

Eurozone HCOB Composite PMI registered at 48.6, below expectations (50.2) in April

Eurozone HCOB Services PMI below expectations (49.8) in April: Actual (47.4)

The Australian Dollar (AUD) edges lower against the US Dollar (USD) on Thursday.

Germany HCOB Services PMI came in at 46.9 below forecasts (50.3) in April

Germany HCOB Composite PMI below expectations (51.1) in April: Actual (48.3)

Germany HCOB Manufacturing PMI below expectations (51.3) in April: Actual (51.2)