The EUR/JPY cross loses ground to near 183.55 during the early European session on Thursday, pressured by safe-haven flows.

The USD/CHF pair gathers strength to around 0.7820 during the early European session on Thursday. The US Dollar (USD) strengthens against the Swiss Franc (CHF) as soaring oil prices threaten to spur inflation and force the US Federal Reserve (Fed) to adopt more hawkish policy stances.

The AUD/USD pair attracts some sellers during the Asian session on Thursday, and for now, seems to have snapped a four-day winning streak to its highest level since June 2022, around the 0.7185 region, touched the previous day.

NZD/USD remains weaker for the third consecutive day, trading around 0.5900 during the Asian hours on Thursday. The pair declines as the US Dollar (USD) remains stronger, as surging energy prices heightened inflationary risks and reduced the likelihood of Federal Reserve (Fed) interest rate cuts.

USD/INR continues its winning streak for the third successive session on Thursday.

EUR/USD extends its losses for the third successive session, trading around 1.1540 during the Asian hours on Thursday.

The GBP/USD pair attracts sellers for the third straight day and touches a fresh weekly low, around the 1.3370 region, during the Asian session on Thursday. Spot prices, however, recover a few pips in the last hour and currently trade around the 1.3400 mark, down less than 0.15% for the day.

USD/CAD loses its recent gains registered in the previous session, trading around 1.3580 during the Asian hours on Thursday.

The USD/JPY pair trades with mild losses near 158.85 during the early Asian session on Thursday. The Japanese Yen (JPY) edges higher against the US Dollar (USD) amid escalating war in the Middle East. The US weekly Initial Jobless Claims report is due later on Thursday. 

The AUD/USD pair attracts some sellers during the Asian session on Thursday, and for now, seems to have snapped a four-day winning streak to its highest level since June 2022, around the 0.7185 region, touched the previous day.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.8959 compared to the previous day's fix of 6.8917 and 6.8853 Reuters estimate.

The EUR/USD tumbles for the second straight day after clashing with the 200-day Simple Moving Average (SMA) at 1.1672 on Tuesday, due to overall US Dollar strength.

The AUD/NZD cross is trading near the 1.2100 price region on Wednesday, touching its highest level in 13 years amid market chaos due to the Middle East war between Israel, the US and Iran.

The Australian Dollar extends its gains on Wednesday amid growing speculation that the Reserve Bank of Australia (RBA) will raise rates at next week’s meeting. At the time of writing, the AUD/USD trades at 0.7152, up 0.47%.

The Euro (EUR) edges lower against the US Dollar (USD) on Wednesday as the Greenback remains well supported amid cautious market sentiment driven by the ongoing US-Iran war.

The USD/CAD pair is trading near the 1.3580 level, regaining its footing in Wednesday's American session after the International Energy Agency (IEA) agreed to release 400 million barrels of oil to address the supply disruption from the Iran war.

USD/JPY extends gains on Wednesday as the Japanese Yen (JPY) remains under pressure amid concerns over Oil supply disruptions linked to the US-Iran war, as Japan relies heavily on imported energy, particularly from the Middle East.

NZD/USD trades lower on Wednesday, hovering around 0.5910 at the time of writing and down 0.38% on the day. The Kiwi remains under pressure as investors stay cautious amid persistent risk aversion in global markets, driven by escalating geopolitical tensions in the Middle East.

The Pound Sterling remains firm during the North American session, even though the Middle East conflict entered its twelfth day of hostilities. Inflation in the US boosted the Greenback’s prospects, yet GBP/USD trades at around 1.3400, virtually unchanged.

EUR/GBP remains under pressure on Wednesday, with the Euro (EUR) extending its decline against the British Pound (GBP) for a fifth consecutive day as traders reassess the monetary policy outlook for the European Central Bank (ECB) and the Bank of England (BoE) amid rising concerns about an Oil-drive

ABN AMRO economists argue that elevated Oil and gas prices from the Iran conflict would hurt Eurozone growth more than US growth, mainly via real income and confidence.

ING’s Francesco Pesole notes EUR/GBP has fallen about 1.5% since the Iran conflict began, helped by a stronger GBP rate profile and resilient equities.

Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar is steady against the Dollar, extending a consolidation phase as narrowing interest rate differentials and higher Oil prices support further CAD strength.

The Euro (EUR) weakens against the US Dollar on Wednesday as the Greenback strengthens after US inflation data came broadly in line with forecasts. At the time of writing, EUR/USD is trading around 1.1587, extending losses for the second straight day.

AUD/USD trades around 0.7150 on Wednesday at the time of writing, up 0.42% on the day and extending its winning streak for a fourth consecutive day. The Australian Dollar (AUD) remains supported by growing expectations of monetary tightening from the Reserve Bank of Australia (RBA).

Rabobank’s FX Strategy team expects EUR/USD to remain volatile as higher Oil and food prices stoke inflation concerns and support the Dollar’s safe haven appeal.

Brazil Retail Sales (MoM) came in at 0.4%, above forecasts (-0.1%) in January

Societe Generale analysts describe EUR/USD as quiet within its recent range, with spot capped by the 200‑day moving average at 1.1676 ahead of US CPI. They flag support at 1.1560 and resistance at 1.1735, alongside sizeable nearby option expiries.

Germany 10-y Bond Auction climbed from previous 2.73% to 2.89%

Commerzbank’s Antje Praefcke expects Swedish inflation to stay below target and sees little chance of a near-term Riksbank cut.