The Swiss Franc (CHF) has pulled back from session highs against the US Dollar (USD) on Thursday, following the release of softer-than-expected Swiss Consumer Price Index (CPI) figures.

MUFG strategist Michael Wan argues Japanese rates "clearly have to head higher" after a positive Tankan survey, strong capital investment appetite and rising inflation expectations.

The USD/CAD pair trades flat around 1.4210 during the European trading session on Thursday. The Loonie pair has remained sideways for over a week, with investors seeking fresh cues regarding the United States (US) interest rate outlook.

United Overseas Bank’s (UOB) Quek Ser Leang highlights that EUR/USD closed softer at 1.1376 after choppy trading between 1.1361 and 1.1423. Short-term momentum is turning lower, with scope to test 1.1360 while keeping the major 1.1335 support intact.

The British Pound (GBP) trades higher against its major currency peers, rising 0.1% to near 1.3290 against the US Dollar (USD) during the European trading session on Thursday.

The EUR/GBP cross loses ground to around 0.8565 during the early European trading hours on Thursday. Fading expectation that the European Central Bank (ECB) will raise the interest rates this year weweighsn the Euro (EUR) against the British Pound (GBP).

The Indian Rupee (INR) opens higher against the US Dollar (USD) on Thursday after a sharp decline the previous day. The USD/INR pair declines to near 95.00 as lower oil prices due to progress in talks between the United States (US) and Iran have improved the appeal of the Indian Rupee.

USD/JPY continues its downside after pulling back from 40-year highs, trading around 162.40 during the Asian hours on Thursday. The pair loses ground as the Japanese Yen (JPY) captures support from growing trader expectations of government intervention.

The AUD/USD pair seesaws between tepid gains/minor losses through the Asian session on Thursday as traders opt to wait on the sidelines ahead of the crucial US Nonfarm Payrolls (NFP) report.

The USD/CHF pair declines to around 0.8085 during the early European trading hours on Thursday. The US Dollar (USD) weakens against the Swiss Franc (CHF) on the weaker-than-expected ADP June employment report.

The EUR/USD pair ticks higher during the Asian session on Thursday, though it lacks bullish conviction as traders keenly await the release of the crucial US Nonfarm Payrolls (NFP) report. Spot prices currently trade around the 1.1385 area and remain close to the weekly low, touched on Wednesday.

The EUR/JPY cross trades on a negative note around 184.95 during the early European session on Thursday. Eurozone inflation fell more than expected in June, easing pressure on the European Central Bank (ECB) to raise rates at its next meeting on July 23.

XAG/USD gains ground for the third consecutive day, trading around $60.20 per troy ounce during the Asian hours on Thursday. Silver prices find support following a less hawkish tone than expected from Federal Reserve (Fed) Chairman Kevin Warsh at Wednesday's ECB Forum on Central Banking.

The GBP/USD pair gains traction to near 1.3290 during the Asian trading hours on Thursday. The British Pound (GBP) strengthens against the US Dollar (USD) as the UK's likely next Prime Minister, Andy Burnham, has eased market concerns by pledging strict fiscal discipline.

The NZD/USD pair edges higher following the previous day's two-way price moves and trades around the 0.5685 region during the Asian session on Friday.

AUD/USD inches higher after registering modest losses in the previous day, trading around 0.6900 during the Asian hours on Thursday. The pair holds ground as the Australian Dollar (AUD) remains stronger following the release of domestic Trade Balance data.

The USD/CAD pair consolidates above the 1.4200 mark during the Asian session on Friday as traders opt to wait for the release of the crucial US monthly employment details before positioning for any further gains.

The USD/JPY holds steady around 162.55 during the early Asian trading hours on Thursday. Traders prefer to wait on the sidelines ahead of the key US June employment report later on Thursday. Fears of currency intervention from Japanese authorities also caps the upside for the pair.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.8088 compared to the previous day's fix of 6.8067 and 6.7929 Reuters estimate.

The EUR/USD pair posts modest gains near 1.1380 during the early Asian session on Thursday. The US Dollar (USD) edges lower against the Euro (EUR) on less hawkish remarks from Federal Reserve (Fed) Chairman Kevin Warsh. Traders will closely monitor the US jobs data for June later on Thursday.

Pound Sterling has spent the past week fighting for every pip, and the effort is starting to show its limits.

The Japanese Yen has done something close to remarkable and been punished for it anyway.

The Pound Sterling rises against the Japanese Yen, up 0.17% on Wednesday, despite Japanese authorities' threats to intervene in the foreign exchange markets to propel the Yen. At the time of writing, the GBP/JPY trades at 215.93, up 0.16%.

The Australian Dollar has spent the past two weeks doing very little, and that stillness is the whole story.

The Mexican Peso loses ground versus the Greenback on Wednesday amid growing speculation for a cancellation of the USMCA free trade signed in 2020, alongside overall US Dollar strength. At the time of writing, the USD/MXN trades at 17.55, up 0.37%.

The USD/JPY pair trades without a clear direction near 162.50 on Wednesday as investors digest mixed United States (US) economic data and persistent pressure on the Japanese Yen (JPY).

The Pound Sterling registers a gain of 0.14% on Wednesday amid broad US Dollar strength and comments by the Fed Chair Kevin Warsh, who reiterated that the central bank would not provide forward guidance, despite accepting that inflation remains too high.

AUD/USD fell to 0.6900 on Wednesday and is now trading cautiously as investors digest mixed United States (US) economic data. The latest ISM Manufacturing Purchasing Managers Index (PMI) showing factory activity remained in expansion, while ADP private payrolls pointed to a softer pace of hiring.

EUR/USD pares some of its losses on Wednesday as softer-than-expected US economic data and remarks from Federal Reserve (Fed) Chair Kevin Warsh weigh on the US Dollar (USD).

USD/CHF trims gains on Wednesday as remarks from Federal Reserve (Fed) Chair Kevin Warsh weigh modestly on the US Dollar (USD). However, expectations for a Fed rate hike and a lack of clarity surrounding US-Iran negotiations keep the Greenback's downside contained.