Latest Forex News

Earnings call transcript: Expensify Q1 2026 results miss expectations, stock rebounds

Honda posts first annual loss on $9 billion EV writedown, scraps EV sales goals

BlackRock’s GIP teams up with Temasek, Abu Dhabi heavyweights to target $30 billion in infrastructure deals

BofA downgrades KT Corp. stock rating on slower earnings growth

Spire Healthcare shares surge 43% on Toscafund takeover proposal

Burberry shares fall on no dividend, weak outlook despite margin beat

Deutsche Bank raises Alibaba stock price target on cloud growth

Deutsche Bank reiterates Robinhood stock rating on strong deposits

Dollar lifted by growing odds of Fed rate hikes; Trump-Xi summit under way

Xi warns Trump that mishandling of Taiwan could lead to conflict

Indian Rupee remains under pressure amid consistent foreign outflows

The Indian Rupee (INR) holds onto almost week-long losses against the US Dollar (USD) on Thursday.

British Pound holds above 1.3500, as UK GDP, manufacturing data beat expectations

The Pound (GBP) remains practically flat against the US Dollar (USD) on Thursday, trading at 1.3520 at the moment of writing, and consolidating losses after pulling back from 1.3650 highs earlier in the week.

Japanese Yen: Weakens as Dollar rally extends – MUFG

Michael Wan at MUFG reports that the Japanese Yen (JPY) has borne the brunt of renewed US Dollar (USD) strength following hotter United States (US) inflation data. USD/JPY climbed toward prior highs as markets priced in additional Federal Reserve (Fed) tightening.

Indian Rupee: Precious metal tariffs doubled to support INR – Commerzbank

Commerzbank strategists note that India has more than doubled tariffs on Gold and Silver to 15% to curb Dollar demand and support INR.

Swiss Franc flattens as investors await Trump’s comments on meeting with China’s Xi

The Swiss Franc (CHF) trades flat against its major currency peers, wobbling around 0.7820 against the US Dollar (USD) during the European trading session on Thursday.

UK Preliminary GDP grows by 0.6% QoQ in Q1 2026, as expected

The UK economy expanded at a quarterly rate of 0.6% in the three months to March 2026, following a 0.1% growth in the fourth quarter of 2025 (Q4).

Gold drifts higher as traders await Trump–Xi summit outcome

Gold price (XAU/USD) trades in positive territory during the early European trading hours on Thursday. The precious metal edges higher as traders await the outcome of US President Donald Trump-Chinese President Xi Jinping summit in Beijing.

Euro: Downside bias versus US Dollar toward support – UOB

UOB economists Quek Ser Leang and Lee Sue Ann notes EUR/USD remains under mild pressure after breaking below 1.1720 and touching 1.1695. While intraday conditions look oversold and suggest a 1.1700–1.1755 range, the 1–3 week view still points to a downside bias toward 1.1675.

Kazaks: ECB could hike if Oil surge deteriorates inflation expectations

The European Central Bank Governing Council member Martins Kazaks said in an interview with the public broadcaster LTV on Thursday, the central bank could opt for an interest rate hike if rising oil prices deanchored inflation expectations.

AUD/JPY Price Forecast: Gathers strength as Trump meets Xi in Beijing, bullish bias prevails

The AUD/JPY cross trades in positive territory near 114.65 during the early European session on Thursday. Traders will closely monitor the outcome of the US President Donald Trump-Chinese President Xi Jinping summit in Beijing later on Thursday and Friday.  

China’s Xi praises trade progress with Trump, warns over Taiwan

Chinese President Xi Jinping said during the early European trade on Thursday that United States (US) CEOs accompanying President Donald Trump on a Beijing visit that China's door would only open wider, and that he believed US companies would have broader prospects in the country, while derivering s

NZD/USD Price Forecast: Struggles to sustain above 61.8% Fibo retracement at around 0.5940

The NZD/USD pair trades marginally under pressure around 0.5935 during the late Asian trading session on Thursday.

Chinese Yuan reaches three-month highs as Trump-Xi meeting begins

USD/CNH continues its losing streak that began on April 30, reached a 39-month low of 6.7815, and is now trading around 6.7850 during the Asian hours on Thursday. Traders adopted a cautious stance as the high-stakes summit between Presidents Donald Trump and Xi Jinping began in Beijing.

BoE's Breeden: We can’t wait forever, but we don’t need to do it in June or July 

Bank of England (BoE) Deputy Governor Sarah Breeden said that the central bank is in a good place to be able to watch what’s happening in the economy, the Financial Times reported on Thursday. Breeden added that the BoE can’t wait forever, but it doesn’t need to do it in June or July.

Euro holds gains against Japanese Yen amid hawkish ECB rate outlook

The EUR/JPY cross posts modest gains around 184.90 during the early European session on Thursday. The Euro (EUR) strengthens against the Japanese Yen (JPY) amid hawkish signals by European Central Bank (ECB) officials.

India Gold price today: Gold rises, according to FXStreet data

Gold prices rose in India on Thursday, according to data compiled by FXStreet.

EUR/USD Price Forecast: Remains above 1.1700 near 50-day EMA

EUR/USD inches higher after three days of losses, trading around 1.1710 during the Asian hours on Thursday. The daily chart technical analysis indicates a potential for a bearish reversal as the pair is positioned on the lower boundary of the ascending channel pattern.

BoJ’s Masu warns Iran war energy shock could hit Japan harder than 1973 oil crisis

Bank of Japan (BoJ) policy board member Kazuyuki Masu said on Thursday that the impact of Iran war-driven energy shock on Japan’s economy may be more severe than 1973 oil crisis, risk requires attention.

British Pound hovers ahead of UK GDP data, awaits Trump-Xi meeting updates

GBP/USD holds ground following three days of losses, trading around 1.3520 during the Asian hours on Thursday. Traders await the preliminary UK Gross Domestic Product (GDP) for the first quarter of 2026, along with Industrial and Manufacturing Production data due later in the day.

US Dollar Index trades firmly around 98.50 in countdown to Trump-Xi meeting outcome

The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto gains near 98.50 during the Asian trade on Thursday.

Japan's government mulls extra budget for FY 2026 to ease pressure of oil prices – Kyodo News

The Japanese government is mulling to infuse extra budget for the Financial Year (FY) 2026 to counter the pressures of higher oil prices, in an attempt to ease households’ burden.

Silver Price Forecast: XAG/USD falls below $87.50 ahead of Trump-Xi meeting

Silver price (XAG/USD) loses its daily gains and halts its six-day winning streak, trading around $87.30 per troy ounce during the Asian hours on Thursday. Traders await the meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing.

Australian Dollar weakens to near 0.7250, Trump–Xi talks in focus

The AUD/USD pair loses ground to near 0.7250 during the Asian trading hours on Thursday. Hotter-than-expected US inflation data provide some support to the US Dollar (USD) against the Australian Dollar (AUD).

Canadian Dollar moves little as traders adopt caution ahead of US-China summit

USD/CAD remains calm after six days of gains, trading around 1.3700 during the Asian hours on Thursday. The pair stays silent as the US Dollar (USD) moves little as market caution prevails ahead of a pivotal summit in Beijing between US President Donald Trump and Chinese President Xi Jinping.

PBOC sets USD/CNY reference rate at 6.8401 vs. 6.8426 previous

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.8401 compared to the previous day's fix of 6.8426 and 6.7888 Reuters estimate.

Japanese Yen holds steady ahead of Trump–Xi summit, US Retail Sales data

The USD/JPY pair trades on a flat note near 157.85 during the early Asian session on Thursday.

WTI slips below $97.00 ahead of Trump-Xi meeting

West Texas Intermediate (WTI) crude oil price continues to slide for a second straight day, trading near $96.80 per barrel during Asian market hours on Thursday.

Euro recovers above 1.1700 as ECB rate hike expectations counter stronger US PPI

The EUR/USD pair recovers some lost ground to near 1.1720 during the early Asian session on Thursday. The Euro (EUR) edges higher against the US Dollar (USD) on hawkish signals by European Central Bank (ECB) officials.

US President Donald Trump visits China against backdrop of Iran war

US President Donald Trump arrived in Beijing for a state visit to China, where he will meet with Chinese President Xi Jinping to discuss topics including trade and the Iran war, Bloomberg reported on Wednesday. This is the first state visit to China by a US leader in nine years.

GBP/JPY Price Forecast: Clears 50-day SMA, yet flatlines below 214.00

The GBP/JPY hovers around 213.50 on Wednesday, finishing the session barely unchanged, up a mediocre 0.04% as the Yen weakened against most G10 FX currencies.

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