The British Pound (GBP) trades on the backfoot against the Japanese Yen (JPY) on Thursday, as the Yen strengthens broadly on growing expectations of a Bank of Japan (BoJ) rate hike next week.

Sterling rallies during the North American session, up over 0.68% after the Federal Reserve delivered as expected a 25-basis points rate cut and a softer than expected jobs report, weighed on the Dollar. At the time of writing, the GBP/USD trades at 1.3417 after bouncing off daily lows of 1.3354.

USD/JPY trades sharply lower on Thursday around 155.10 at the time of writing, down 0.50% on the day.

The Euro (EUR) edges lower against the Swiss Franc (CHF) on Thursday as the CHF strengthens in the aftermath of the latest Swiss National Bank (SNB) interest rate decision.

Brazil Retail Sales (MoM) came in at 0.5%, above forecasts (-0.2%) in October

EUR/JPY trades around 182.40 on Thursday, unchanged on the day at the time of writing, as the fundamental backdrop remains balanced between stabilization in Europe and gradually rising tightening expectations in Japan.

Silver (XAG/USD) sits comfortably above the $62.00 level on Thursday’s European trading session, with the all-time high of $62.89 at a short distance.

The AUD/USD pair is down 0.45% to near 0.6630 during the European trading session on Thursday. The Aussie pair faces intense selling pressure, following the release of the unexpectedly weak Australian employment data.

The Swiss Franc is drawing support from the Swiss National Bank's (SNB), monetary policy decision.

The Pound Sterling (GBP) trades cautiously against its major peers on Thursday, broadly holding the gains after the Fed rate cut, as investors prepare for the release of key United Kingdom (UK) economic data before the Bank of England (BoE) decision next week.

EUR/USD is practically flat on Thursday, trading at 1.1695 at the moment of writing, right below the almost two-month highs above 1.1700 hit on Wednesday.

The GBP/JPY cross attracts some dip-buyers in the vicinity of the 208.00 mark on Thursday, though it lacks follow-through and sticks to a negative bias through the early European session.

AUD/JPY slumps to around 103.50 during the early European session on Thursday. The Australian Dollar (AUD) softens against the Japanese Yen (JPY) following the release of mixed Australian employment data.

The Indian Rupee (INR) faces intense selling pressure against the US Dollar (USD) at open on Thursday. The USD/INR pair jumps to near 90.40 as the Indian Rupee slumps amid uncertainty surrounding trade talks between the United States (US) and India.

The GBP/USD pair trades in negative territory near 1.3365 during the early European trading hours on Thursday, pressured by the rebound in the US Dollar (USD).

The EUR/USD pair posts modest losses near 1.1690 during the early European trading hours on Thursday. However, the US Federal Reserve's (Fed) dovish rate cut on Wednesday could weigh on the US Dollar (USD) against the Euro (EUR).

The Japanese Yen (JPY) builds on the previous day's strong move up against a broadly weaker US Dollar (USD) and gains some follow-through positive traction for the second straight day on Thursday.

The USD/CAD pair enters a bearish consolidation phase during the Asian session on Thursday and oscillates in a narrow band, just below the 1.3800 mark, or its lowest level since October 22.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 7.0686 compared to the previous day's fix of 7.0753.

The AUD/USD pair drifts lower during the Asian session on Thursday and erodes a part of the previous day's strong gains to its highest level since September 17.

The NZD/USD pair holds steady above the 0.5800 mark, close to an over two-month high touched the previous day, during the Asian session. Moreover, the fundamental backdrop favors bullish traders and suggests that the path of least resistance for spot prices remains to the upside.

GBP/USD punched a fresh hole into seven-week highs on Wednesday, rising back into the 1.3400 neighborhood after the Federal Reserve (Fed) delivered a widely expected third straight interest rate cut.

The USD/JPY pair tumbles to near 156.00 during the early Asian session on Thursday. The US Dollar (USD) weakens against the Japanese Yen (JPY) after the Federal Reserve (Fed) lowered interest rates in a widely expected move. The US weekly Initial Jobless Claims are due later on Thursday.

The Canadian Dollar (CAD) found fresh 11-week highs against the US Dollar (USD) on Wednesday. The Bank of Canada (BoC) held interest rates steady, while the Federal Reserve (Fed) delivered its third straight interest rate cut, propping up the Loonie and sending the Greenback lower.

Brazil Interest Rate Decision in line with expectations (15%)

EUR/USD caught a volatile bullish swing on Wednesday after the Federal Reserve (Fed) delivered a third straight interest rate cut.

EUR/USD posts modest gains on Wednesday as the last monetary policy meeting by the Fed, looms with investors seem confident that the central bank will reduce rates. Consequently, the Greenback is pressured as seen by the pair which trades at 1.1658 up 0.27%.

Russia Consumer Price Index (MoM): 0.42% (November) vs previous 0.5%

Sterling advances during the North American session as the US Dollar weakens on expectation that the Federal Reserve will cut rates, later in the day. At the time of writing, the GBP/USD trades at 1.3336 after bouncing off daily lows of 1.3288.

The Canadian Dollar (CAD) trades under pressure against the US Dollar (USD) on Wednesday as markets digest the latest interest rate decision from the Bank of Canada (BoC).