The Indian Rupee (INR) finds some buying interest against the US Dollar in the early session after a weak opening on Thursday. According to a Reuters report, the Indian central bank has likely intervened to limit the decline in the Indian Rupee.
USD/CHF inches lower after reaching nearly 16-month highs the previous day, trading around 0.8250 during the Asian hours on Thursday.
The AUD/JPY cross trades in positive territory around 110.90 during the early European session on Thursday. Elevated energy prices due to the ongoing conflict in the Middle East weigh on the Japanese Yen (JPY) against the Australian Dollar (AUD) as Japan is an oil-dependent economy.
The NZD/USD pair gains some positive traction during the Asian session on Thursday in reaction to New Zealand's better-than-expected GDP print, snapping a three-day losing streak to its lowest level since July 9, touched the previous day.
EUR/JPY declines after three days of gains, trading around 178.90 during Asian hours on Thursday. Technical analysis of the daily chart shows the currency cross trading within a descending channel, keeping the overall bearish bias.
The Canadian Dollar (CAD) trades weakly against the US Dollar (USD) on Thursday. In the Asian session, the USD/CAD pair posts a fresh five-week high to near 1.4000.
The EUR/USD pair declines to around 1.1460 during Asian trading hours on Thursday. The Euro (EUR) weakens against the US Dollar (USD) following an interest rate hike from the US Federal Reserve (Fed). The US Initial Jobless Claims data will be released later on Thursday.
Silver price (XAG/USD) gains ground after posting losses the previous day, trading around $63.80 per troy ounce during the Asian hours on Thursday. The white metal finds support as oil prices retreated amid easing concerns over supply disruptions and inflation.
The USD/JPY pair edges lower during the Asian session on Thursday, snapping a three-day winning streak and eroding a part of the previous day's gains to a nearly two-week high.
The AUD/USD pair gains ground to around 0.7090 during the early Asian trading hours on Thursday. Traders continue to assess the Federal Reserve (Fed) interest rate hike and US President Donald Trump’s comments. The US Initial Jobless Claims data will be published later on Thursday.
The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7580 compared to the previous day's fix of 6.7628 and 6.7241euters estimate.
The GBP/USD pair enters a bearish consolidation phase during the Asian session on Thursday and currently trades around the 1.3380-1.3375 region, near the lowest level since July 30.
The NZD/USD pair falls to near 0.5725 during the early Asian session on Thursday. The New Zealand Dollar (NZD) remains under selling pressure against the US Dollar (USD) despite the upbeat New Zealand economic data. The US Initial Jobless Claims data is due later on Thursday.
The Fed raised rates by a quarter point to 3.75-4.00% on Wednesday, the first hike since 2023, and the vote was 12-0. The middle of the new range is 3.875%, which puts US rates above the UK's 3.75% for the first time this year.
The European Central Bank (ECB) raised its deposit rate to 2.50% on September 10, and the Euro has fallen every session since. The Fed raised its own rate to 3.75-4.00% on Wednesday, by the same quarter point, and the day's drop was the biggest of the run.
The Bank of Japan meets on Friday, and the market has a quarter-point hike to 1.25% priced at 100%. The Yen has been falling anyway. USD/JPY is up three sessions in a row, Wednesday's gain was the biggest of the three, and the pair is trading just under 156.50 after the Fed's hike to 3.75-4.00%.
New Zealand reports second-quarter growth later on Wednesday, or early on Thursday depending on where you are relative to the international date line, and the forecast is 0.1% for the quarter, down from 0.8% in the first three months of the year.
NZD/USD has dropped in six straight sessions. The run started near 0.5900 on September 8, went through both long-run averages near 0.5850 early in the run, and the last three sessions have been the biggest of the lot.
Australia's central bank pays more than the Federal Reserve (Fed) does. The cash rate is 4.35%, the Fed's new range is 3.75-4.00% after Wednesday's quarter-point hike, and most of the big Australian banks expect the RBA to raise again before the end of the year, and none of that has helped.
The Fed has raised its rate to 3.75-4.00%, its first increase since 2023 and its first move since the cut in December 2025. The Bank of Canada has not moved at all.
The USD/JPY pair trades at fresh weekly highs in the 155.50 price zone after the United States (US) Federal Reserve (Fed) delivered the expected 25 basis point (bps) interest rate hike. The US Dollar (USD) resumed its weekly advance with the headlines, following a pause ahead of the announcement.
AUD/USD extends losses on Wednesday after the Federal Reserve (Fed) raises interest rates and releases a hawkish set of policy projections. The pair slides nearly 20 pips in the immediate reaction and trades around 0.7113 at the time of writing.
The Fed has raised its rate to 3.75-4.00%, its first increase since 2023 and its first move since the cut in December 2025. The UK Bank Rate, the Bank of England's own rate, has been 3.75% since December 2025.
The Fed has raised its rate to 3.75-4.00%, its first increase since 2023 and its first move of any kind since the cut in December 2025. Six days ago the European Central Bank (ECB) raised its deposit rate, the return banks earn on money parked with it, by the same quarter-point to 2.50%.
NZD/USD trades around 0.5755 at the time of writing on Wednesday, virtually unchanged on the day after rebounding from an over two-month low at 0.5737.
The Pound trades just above 1.3450, down 23 pips, after a morning that ran in two directions. It climbed into the August inflation release at 06:00 GMT, spiked on it, then spent six hours handing the move back and another 30 pips with it.
Scotiabank strategists Shaun Osborne and Eric Theoret note the Euro (EUR) is consolidating in a tight range around the mid-1.15s as markets await the Federal Open Market Committee (FOMC).
Brown Brothers Harriman’s (BBH) Elias Haddad notes GBP/USD is trading heavy near its 200-day moving average as United Kingdom (UK) gilts stabilize. August Consumer Price Index (CPI) slightly exceeded the Bank of England's (BoE) projections, but he still expects the BoE to hold rates at 3.75%.
AUD/USD trades in a narrow range on Wednesday as investors hold back from taking strong positions ahead of the Federal Reserve’s (Fed) monetary policy announcement. At the time of writing, AUD/USD trades around 0.7134, little changed on the day.