The Euro (EUR) regains some lost ground against the US Dollar (USD) on Thursday, with EUR/USD snapping a two-day losing streak as the Greenback struggles to attract a meaningful recovery. At the time of writing, EUR/USD is trading around 1.1883, up about 0.10%.

The Pound Sterling rallies during the North American session versus the US Dollar, after the jobs data in the US, contradicts a stellar Nonfarm Payrolls report released a day ago. Meanwhile, the UK economy grew weaker than expected, yet the British Pound continues to trade with gains.

BNY’s EMEA Macro Strategist Geoff Yu notes that the Japanese government remains highly vigilant on foreign exchange despite recent Japanese Yen gains, with USD/JPY moving toward 153 after stronger U.S. payrolls pushed back Federal Reserve rate-cut expectations.

Scotiabank analysts Shaun Osborne and Eric Theoret note the Euro is stabilizing after a minor NFP-driven setback, with improving yield spreads and recovering correlations pointing back to fundamentals.

AUD/USD trades around 0.7140 on Thursday at the time of writing, up 0.21% on the day, after briefly reaching a three-year high at 0.7147.

The Canadian Dollar (CAD) trades little changed against the US Dollar (USD) on Thursday, as growing uncertainty around North American trade ties keeps investors cautious. At the time of writing, USD/CAD is hovering near 1.3571, with a broadly softer Greenback limiting upside in the pair.

BNY’s EMEA Macro Strategist Geoff Yu highlights that RBA Governor Michele Bullock signaled further rate hikes are possible if Australian inflation remains entrenched, with expectations and productivity trends worrying policymakers.

Rabobank’s Senior FX Strategist Jane Foley argues that earlier assumptions about Prime Minister Takaichi’s fiscal and monetary stance are being reassessed, reducing pressure on the Bank of Japan to stay ultra‑dovish.

Germany Current Account n.s.a. rose from previous €15.1B to €16.1B in December

EUR/GBP trades in a narrow range on Wednesday, with the British Pound (GBP) holding firm despite soft UK economic data, as broad-based US Dollar (USD) weakness continues to shape overall FX sentiment.

OCBC’s FX strategists Sim Moh Siong and Christopher Wong note that hawkish comments from RBA Deputy Governor Hauser have supported the Australian Dollar, even as lower Australian bond yields show rates markets remain cautious.

USD/CHF falls toward 0.7680 on Thursday at the time of writing, down 0.48% on the day, after two consecutive days of gains. The pair remains under pressure as the Swiss Franc (CHF) benefits from sustained safe-haven demand and rising domestic yields.

The Pound (GBP) lost ground against its main peers on Thursday, following a string of disappointing UK economic indicators. The GBP/USD pair, however, has remained steady above 1.3600 and is picking up to 1.3640 at the time of writing, keeping a mild upside trend from last week’s lows intact.

The US Dollar (USD) has found footing in the lower range of the 152.00s against the Japanese Yen (JPY) and is consolidating around 153.00 on Thursday.

The Euro (EUR) is attempting to find a bottom against the Japanese Yen (JPY) on Thursday, after dropping sharply over the previous three days. The pair has pared daily losses, and trades at 181.70 at the time of writing, up from six-week lows at 180.85.

MUFG’s Senior Currency Analyst Lee Hardman highlights that the Canadian Dollar has underperformed after stronger US data, lagging other high-beta currencies as USMCA renegotiation risk resurfaces.

NZD/USD extends its gains for the second successive session, trading around 0.6060 during the European hours on Thursday.

Silver (XAG/USD) posts marginal losses on Thursday, trading near $83.70 at the time of writing, yet with the $ 86.30 weekly high at a short distance and the immediate bullish trend intact.

USD/CAD remains in the positive territory after registering modest gains in the previous session, trading around 1.3580 during the European hours on Thursday. The technical analysis of the daily chart shows the pair remains within the descending channel pattern, suggesting a persistent bearish bias.

OCBC’s FX strategists Sim Moh Siong and Christopher Wong note that the Japanese Yen has strengthened alongside post-election rallies in Japan’s bond and equity markets, helped by easing fiscal concerns.

The Aussie Dollar (AUD) pulled back from three-year highs at 0.7147 as the US Dollar (USD) picked up following upbeat US Nonfarm Payrolls data.

Scotiabank’s Analyst Team reports the Euro is modestly higher versus the Dollar but lagging other G10 currencies, with sentiment and options pricing favouring upside protection.

Here is what you need to know on Thursday, February 12:

The Euro (EUR) is practically flat against tht the US Dollar (USD) on Thursday, trading at 1.1860 at the time of writing, after failing to extend above the 1.1925 area earlier this week.

The EUR/GBP cross pares recent losses near 0.8710 during the early European session on Thursday. The Pound Sterling (GBP) edges lower against the Euro (EUR) after the release of UK growth numbers.

UOB analysts Quek Ser Leang and Peter Chia note that AUD/USD surprised to the upside, reaching 0.7143 and closing around 0.7127. Intraday, they see room for a test of 0.7150 before pullback risks increase, with 0.7175 as the next resistance.

The GBP/USD pair turns lower for the third straight day on Thursday and retreats further from a one-week high, around the 1.3715 region, touched the previous day.

Scotiabank’s Analyst Team highlights strong Japanese Yen performance, with USD/JPY pressured by a post-election relief rally and supportive Bank of Japan policy stance.

The EUR/USD pair trades in negative territory for the third consecutive day near 1.1860 during the early European session on Thursday. Traders will keep an eye on the US weekly Initial Jobless Claims data. On Friday, the attention will shift to the US Consumer Price Index (CPI) inflation report. 

USD/JPY extends its losses for the fourth successive session, trading around 152.90 during the Asian hours on Thursday. The pair weakens as the Japanese Yen (JPY) strengthens following renewed verbal intervention from Tokyo.