New Zealand Dollar (NZD) is likely to trade in a range of 0.5725/0.5755. In the longer run, outlook for NZD remains neutral, but a narrower range of 0.5700/0.5770 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

USD/CAD holds flat near 1.40 as traders eye potential catalysts from a US-Canada trade deal and next month’s pro-growth Canadian budget, BBH FX analysts report.

Australian Dollar (AUD) is likely to trade in a range between 0.6475 and 0.6510. In the longer run, for the time being, AUD is expected to trade in a sideways range of 0.6445/0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The US Dollar keeps heading north against a weaker Japanese Yen on Thursday.

EUR/JPY extends its gains for the third successive session, trading around 177.00 during the European hours on Thursday. The technical analysis of the daily chart indicates that bullish bias is strengthening as the currency cross remains within the ascending channel pattern.

USD/JPY continued to trade higher post-parliament vote but the move higher was also driven by the broad rebound in USD, instead of just policy uncertainty. Pair was last at 152.59 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

The median consensus on Bloomberg anticipates a 100bp rate cut by the Turkish central bank (CBT) today, to 39.50% repo rate. But there is a wide range of analyst forecasts – ranging from unchanged to 250bp rate cut.

The AUD/USD pair trades 0.3% higher to near 0.6510 during the European trading session on Thursday.

The US Dollar remains firm against the Swiss Franc.

EUR/USD is hovering around 1.160, a level that, in our view, can work as an anchor again today and possibly for a few more days should US CPI fail to add much to the US Dollar (USD) narrative, ING's FX analyst Francesco Pesole notes.

The Pound Sterling (GBP) trades in a tight range around 1.3350 against the US Dollar (USD) during the European trading session on Thursday.

The Euro is giving away most of the gains taken on Wednesday on Thursday, amid the softer-than-expected UK inflation data, and returns below 0.8700.

USD/CAD moves little after two days of losses, trading around 1.3990 during the early European hours on Thursday. The technical analysis of the daily chart suggests a weakening of a prevailing bullish bias as the pair is attempting to break below the ascending channel pattern.

EUR/USD drifts lower at the European session opening on Thursday, trading right below 1.1600 at the time of writing, down from the previous day's highs at 1.1620.

Here is what you need to know on Thursday, October 23:

The NZD/USD pair trades on a flat note near 0.5735 during the early European session on Thursday. The US Dollar (USD) steadies against the New Zealand Dollar (NZD) as traders remain on edge ahead of delayed US inflation data and upcoming US-China trade talks. 

The EUR/USD pair ticks lower to near 1.1600 during the late Asian trading session on Thursday. The major currency pair faces slight selling pressure as the US Dollar (USD) gains ground after Wednesday’s corrective move.

The AUD/JPY cross trades in positive territory for the fifth consecutive day near 98.85 during the early European session on Thursday.

GBP/USD extends its losing streak for the fifth consecutive day, trading around 1.3340 during the Asian hours on Thursday.

The Indian Rupee (INR) opens on a slightly cautious note against the US Dollar (USD) on Thursday after two holidays in Indian markets.

The EUR/JPY cross loses ground to near 1.1590 during the Asian trading hours on Thursday.

USD/JPY extends its gains for the fifth successive session, trading around 152.50 during the Asian hours on Thursday.

The Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday after US President Donald Trump said that he thinks something will work out with China in a meeting scheduled with China's Xi Jinping in South Korea.

The USD/CAD pair posts modest losses near 1.3990 during the early Asian session on Thursday. The Canadian Dollar (CAD) strengthens against the US Dollar (USD) on a rise in crude oil prices.

South Korea BoK Interest Rate Decision in line with expectations (2.5%)

GBP/USD fell for a fourth straight day on Wednesday, coming within inches of 1.3300 before staging a half-hearted recovery to the 1.3350 region but still ending the day on a down note.

The USD/JPY pair trades with mild losses near 151.90, snapping the three-day winning streak during the early Asian session on Thursday. The concerns over the US-China trade front and the ongoing US federal government shutdown weigh on the US Dollar (USD) against the Japanese Yen (JPY).

The NZD/USD consolidates within the 0.5700-0.5760 for the second straight day, as the 20-day Simple Moving Average (SMA) at 0.5764 capped the pair’s advance towards the 0.58 figure. At the time of writing, the pair trades at 0.5739, virtually unchanged.

EUR/USD holds firm near the 1.1600 figure on Wednesday amid a scarce economic docket in both sides of the Atlantic as market participants await a delayed US Consumer Price Index (CPI) report, to be released on Friday.

The USD/CHF pair is down 0.10% on Wednesday, trading around 0.7950 at the time of writing, after bouncing from the 0.7900 area earlier this week.