The Canadian Dollar (CAD) continues to lean quite hard on the 1.40 zone but, even with the USD slipping broadly on the day, cannot secure a clear push under the figure zone, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
EUR/JPY is trading around 179.70 on Thursday at the time of writing, up 0.20% on the day, extending a streak of five consecutive daily gains and reaching a new multi-year high at 179.82 earlier in the day.
The Euro is little changed against the Swiss Franc on Thursday, steadying after erasing earlier losses as the pair stages a modest rebound from three-week lows.
The US Dollar remains trading within its previous ranges on Thursday, consolidating gains near 20-month highs at the 155.00 area against a weaker Japanese Yen.
NZD/USD trades around 0.5660 on Thursday at the time of writing, virtually unchanged on the day, after failing to extend its three-day winning streak. The pair edges lower, weighed down by the softness of the New Zealand Dollar (NZD) amid rising concerns about the country’s labour market.
The AUD/USD pair climbs to near 0.6580 during the European trading session on Thursday, the highest level seen in almost two weeks. The Aussie pair strengthens as the Australian Dollar (AUD) outperforms its peers, following the release of the strong Australian employment numbers for October.
US Dollar (USD) could rise further and potentially test 155.20; any further advance is unlikely to reach 155.55. In the longer run, the price action suggests USD is likely to trade with an upside bias; any gains may be capped near 155.55, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
The Pound remains moderately bid against the Japanese Yen on Thursday, and holds previous days’ gains at levels near two-week highs at the 203.50 area, unfazed by a raft of weaker-than-expected UK economic figures released earlier on the day.
New Zealand Dollar (NZD) is likely to trade in a range between 0.5640 and 0.5670. In the longer run, weakness in NZD has stabilized; for the time being, it is likely to trade in a range between 0.5605 and 0.5695, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/CHF trades lower on Thursday, hovering around 0.7950, down 0.30% at the time of writing. The pair extends its corrective move, pressured by broad weakness in the US Dollar (USD) as risk appetite improves following the reopening of the US federal government.
AUD/USD has found support near the 200-day moving average at 0.6440/0.6410, pausing its recent decline, Société Générale's FX analysts note.
Upward momentum is starting to build, but it is too early to determine if Australian Dollar (AUD) can reach 0.6580. In the longer run, AUD is likely to edge higher within a higher range of 0.6490/0.6580, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
USD/JPY continues to climb in a low-volatility, risk-on environment, briefly breaching 155.0.
There is scope for Pound Sterling (GBP) to drop below 1.3100; the likelihood of a clear break below 1.3085 is not high. GBP is now more likely to trade in a range of 1.3065/1.3185 rather than edging higher, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Australia’s labor market surprised to the upside in October. The data eases pressure on the Reserve Bank of Australia to deliver near-term rate cuts, lifting the Australian Dollar (USD), which strategists see climbing toward 0.68 by mid-2026, ING's FX analyst Francesco Pesole notes.
The Eurozone industrial sector activity expanded in September, according to the latest data published by Eurostat on Wednesday.
USD/JPY continued to trade higher as expectations of BOJ hike fade. Last at 154.51, OCBC's FX analysts Frances Cheung and Christopher Wong note.
, The pair maintains a mild positive tone as investors celebrate the reopening of the US federal government, with all eyes on the Eurozone's Industrial Production figures, due later in the day.
Australian Dollar (AUD) continued to inch higher, riding on the move higher in with metals complex and better than expected labor market report. Pair was last at 0.6577 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
The US Dollar is extending its reversal against its Canadian counterpart for the sixth consecutive day on Thursday.
The Australian labour market report for October, published this morning, contained some positive surprises, Commerzbank's FX analyst Michael Pfister notes.
Near-term, EUR/USD continues to test 1.160, though we see a sustained move higher as premature without softer US data, with range-bound trading likely to persist, ING's FX analyst Francesco Pesole notes.
EUR/JPY extends its winning streak for the fifth successive session, trading near a fresh all-time high of 179.82 during the European hours on Thursday. The currency cross breaks above the upper resistance of an ascending wedge pattern, signalling strong buying pressure and a bullish breakout.
The Pound Sterling (GBP) continues to underperform its major currency peers as weaker-than-projected United Kingdom (UK) preliminary Gross Domestic Product (GDP) data has prompted economic concerns further.
The EUR/GBP cross gains ground to around 0.8835 during the early European session on Thursday. The Pound Sterling (GBP) weakens against the Euro (EUR) after the release of UK Gross Domestic Product (GDP) data.
USD/CAD edges higher after four days of losses, trading around 1.4010 during the Asian hours on Friday. The technical analysis of the daily chart indicates a prevailing bullish bias, with the pair remaining within the ascending channel pattern.
The NZD/USD pair corrects to near 0.5650 during the European trading session on Thursday after failing to extend its three-day winning streak.