United States 4-Week Bill Auction: 4.04% vs previous 4.06%

Pound Sterling (GBP) is trading sharply lower against the US Dollar (USD), with the cable losing 0.4% on the day at 1.3567. The fall in GBP/USD is largely fueled by a global rebound in the USD, while the Bank of England (BoE) meeting earlier this Thursday failed to surprise markets.

United States EIA Natural Gas Storage Change above expectations (80B) in September 12: Actual (90B)

The Japanese Yen (JPY) retreated further against the US Dollar (USD) on Thursday, with the USD/JPY pair gaining almost 0.5% on the day at 147.70, after briefly bottoming out at 145.48 on Wednesday following the Federal Reserve (Fed) meeting.

South Africa SARB Interest Rate Decision meets forecasts (7%)

Russia Central Bank Reserves $: $705.1B vs $698.5B

According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance went down to 231K for the week ending September 13.

Canada Employment Insurance Beneficiaries Change (MoM) down to 1.2% in July from previous 3.4%

United States Philadelphia Fed Manufacturing Survey registered at 23.2 above expectations (2.3) in September

United States Initial Jobless Claims below forecasts (240K) in September 12: Actual (231K)

United States Continuing Jobless Claims below expectations (1.95M) in September 5: Actual (1.92M)

United States Initial Jobless Claims 4-week average fell from previous 240.5K to 240K in September 12

The US Dollar (USD) is mixed and G10 currencies are showing some divergence in the aftermath of Wednesday’s FOMC, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

Slight uptick in upward momentum is likely to lead US Dollar (USD) trading in a higher range of 7.0930/7.1130. In the longer run, USD must break and hold below 7.0860 before further downside is likely, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The Bank of Canada’s more dovish policy stance relative to the Norges Bank supports the downtrend in CAD/NOK, BBH FX analysts report.

United Kingdom BoE MPC Vote Rate Unchanged meets expectations (7)

United Kingdom BoE MPC Vote Rate Hike meets forecasts (0)

United Kingdom BoE Interest Rate Decision meets forecasts (4%)

The United States (US) Initial Jobless Claims data for the week ending September 12 is due for release today at 12:30 GMT. The Department of Labour is expected to show that the number of individuals seeking jobless benefits for the first time dropped to 240K from the prior reading of 263K.

As widely expected, the Fed has resumed cutting interest rates with a 25bp move yesterday. They think three more cuts will be enough to boost growth and prompt a revival in the jobs market, but the market is sceptical.

The Bank of England (BOE) will likely keep rates on hold today, following a hawkish cut in August. Markets are also pricing in no chance of a cut today, but the November decision still appears to be hanging in the balance.

BoC cuts rates to 2.50%, signals caution on further easing – OCBC

At the September meeting, the FOMC decided to lower the target range for the Fed funds rate by 25bps to 4.00-4.25%, in line with expectations, OCBC's FX analysts Frances Cheung and Christopher Wong note.

Spain 10-y Obligaciones Auction climbed from previous 3.2% to 3.23%

Spain 30-y Bond Auction increased to 4.074% from previous 3.974%

Spain 3-y Bond Auction up to 2.217% from previous 2.204%

New Zealand’s GDP contracted by 0.9% q/q in 2Q25, following an upwardly-revised 0.9% q/q lift in 1Q25 (+0.8% q/q previously).

Q2 GDP contracted 0.9% q/q, much weaker than both consensus and the RBNZ’s -0.3% forecast. Weakness was broad-based across sectors, with construction and manufacturing leading the drag. Markets now expect two further 25bps cuts by the RBNZ, taking the OCR to a 2.50% terminal rate.

European Central Bank Vice President Luis de Guindos is participating in a livestreamed MNI Connect discussion about the Eurozone economic growth and inflation outlook in London, United Kingdom (UK), on Thursday.

Eurozone Current Account s.a registered at €27.7B, below expectations (€34.6B) in July