USD/JPY inches lower after four days of gains, trading around 160.60 during the Asian hours on Thursday.

The EUR/USD pair attracts some buyers during the Asian session on Thursday and moves away from its lowest level since late March, around the 1.1480-1.1475 region touched the previous day.

The USD/CHF pair loses momentum to around 0.7985 during the early European session on Thursday. The United States (US) and Iran signed an interim agreement that would end the Iran war, weighing on the US Dollar (USD) against the Swiss Franc (CHF).

The Indian Rupee (INR) gains ground after registering modest losses in the previous day against the US Dollar (USD) on Thursday.

The AUD/USD pair regains positive traction during the Asian session on Thursday, reversing part of the previous day's slide to sub-0.7000 levels, or the weekly low. Spot prices currently trade around the 0.7040 region, up nearly 0.40% for the day, amid a broadly weaker US Dollar (USD).

Silver price rises to near $69.15 during the Asian trading hours on Thursday. The white metal attracts some buyers following positive developments surrounding the US-Iran peace deal. 

USD/IDR inches lower after opening at a bullish gap, remaining in the positive territory and trading around 17,880 during the Asian hours on Thursday. The currency pair breaks lower as the Indonesian Rupiah (IDR) finds support ahead of Bank Indonesia’s (BI) policy meeting on Thursday.

The NZD/USD pair gains traction to around 0.5790 during the Asian trading hours on Thursday. The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) amid upbeat annual New Zealand Gross Domestic Product (GDP) data and improved risk sentiment. 

The USD/JPY pair holds steady above mid-160.00s during the Asian session on Thursday, consolidating its gains registered over the past four days to the highest level since July 2024.

USD/CAD inches lower after five days of gains, trading around 1.4100 during the Asian hours on Thursday.

The AUD/USD pair gathers strength to around 0.7025 during the early Asian trading hours on Thursday. Optimism surrounding the US-Iran peace deal provides some support to the riskier assets, such as the Australian Dollar (AUD) against the US Dollar (USD).

The GBP/USD pair gains some positive traction during the Asian session on Thursday and moves away from its lowest level since April 7, around the 1.3260 region set the previous day.

On Thursday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8130 compared to the previous day's fix of 6.8096 and 6.7752 Reuters estimate.

The EUR/USD pair recovers some lost ground near 1.1515 during the early Asian trading hours on Thursday. The Euro (EUR) strengthens against the US Dollar (USD) on improved risk sentiment after US President Donald Trump signed the US-Iran MoU to end the war.

Brazil Interest Rate Decision in line with expectations (14.25%)

The Japanese Yen depreciated against the US Dollar on Wednesday after the US Federal Reserve delivered a hawkish hold, with most officials expecting one rate hike towards the end of the year, while the new Fed Chair, Warsh, reiterated the Fed’s commitment to achieving the 2% inflation goal.

The Pound spent Wednesday absorbing blows from both sides of the Atlantic. Softer than expected UK inflation set a heavy tone in the morning, and Kevin Warsh's hawkish first Federal Reserve (Fed) decision finished the job in the evening.

The Australian Dollar went into Kevin Warsh's first Federal Reserve (Fed) decision as a high-beta currency with no domestic shield, and it paid for it.

Kevin Warsh's first meeting as Federal Reserve (Fed) Chair was billed as a quiet hold, and on the headline rate it delivered exactly that. Everything wrapped around that hold, however, was a hawkish blow to the Euro.

The USD/JPY pair rises near the 160.40 level after the Federal Reserve (Fed) left interest rates unchanged in the 3.50%-3.75% range, as widely expected, in Kevin Warsh’s first policy meeting as Fed Chair.

Cable collapses during the North American session, as the Federal Reserve keep interest rates unchanged, but the ‘dot-plot’ hints at a divided central bank, with half of the eighteen reported dots in the ‘dot-plot’ seeing interest rates higher, which boosted the Greenback.

The Federal Reserve (Fed) left the federal funds rate at 3.50% to 3.75% on Wednesday, but the hold was the least interesting part of Kevin Warsh's first meeting as Chair.

The USD/CHF remains steady on Wednesday as market participants await the US central bank's monetary policy decision, with the Federal Reserve expected to hold rates unchanged. At the time of writing, the pair trades at 0.7932, flattish.

ABN AMRO’s research examines how evolving Federal Reserve policy and Eurozone fundamentals may shape EUR/USD over the coming quarters.

Russia Producer Price Index (MoM) declined to 2.5% in May from previous 6.1%

Russia Producer Price Index (YoY) up to 9.4% in May from previous 5.5%

The Pound Sterling retreats towards 1.3400 on Wednesday after the latest UK inflation report, forcing investors to reassess hawkish bets on the Bank of England, while solid US Retail Sales boost the Greenback, supported by US exceptionalism. The GBP/USD trades with losses of over 0.22%.

The AUD/USD pair trades near 0.7070 with a neutral tone on Wednesday, as the Australian Dollar (AUD) benefits from improved risk sentiment following the latest developments in the US-Iran conflict.

NZD/USD trades around 0.5820 on Wednesday at the time of writing, down 0.24% on the day as investors reduce risk exposure ahead of the Federal Reserve (Fed) monetary policy announcement.

The Japanese Yen (JPY) remains under pressure despite the Bank of Japan’s latest rate hike, with analysts highlighting that the move has not been enough to trigger a sustained  recovery for the Japanese currency.