Latest Forex News

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

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.

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.

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

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.

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 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.

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.

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.

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.  

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

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

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.

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.

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.

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

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.

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.

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.

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.

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 (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.

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).

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.

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.

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

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.

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 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.

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.