Latest Forex News

Standard Chartered Bank economists Madhur Jha and Ethan Lester assess how the Middle East conflict could affect global remittances.

Gold (XAU/USD) everses earlier gains on Thursday, though it remains confined within a multi-week range as traders refrain from placing strong directional bets while awaiting clearer signals on US-Iran peace talks.

Deutsche Bank economists Marc Schattenberg and colleagues discuss how higher Oil and gas prices linked to the Middle East conflict are weighing on the German economy.

The Dow Jones Industrial Average (DJIA) added about 90 points, or 0.20%, to climb above 48,500 on Thursday, as Wall Street extended its weekly rally on growing confidence that the US-Iran war is moving toward resolution.

The GBP/USD pair drops by 0.17% on Thursday as US jobs data outshone the UK Gross Domestic Product (GDP) report released during the European session. Meanwhile, expectations for a peace deal between the US and Iran keep the market mood upbeat.

West Texas Intermediate (WTI) US Oil rebounds on Thursday, gaining 2.50% to trade near $90.45 at the time of writing, after two consecutive days of decline.

USD/CAD trades with a negative bias on Thursday, extending losses for a fourth straight day as elevated Oil prices support the commodity-linked Canadian Dollar (CAD), even as the US Dollar (USD) strengthens against most of its peers.

United States (US) President Donald Trump just announced through Truth Social a 10-day ceasefire between Lebanon and Israel, to start on Thursday at 5 pm Eastern time.

The USD/JPY pair is trading near the 159.20 price region, having surged roughly 100 pips from its intraday low and posting modest daily gains as markets continue to digest developments in the Middle East and shifting expectations around central bank policy.

Stephen Miran, a member of the Federal Reserve (Fed), spoke in a moderated discussion about the United States (US) monetary policy at the Reinventing Bretton Woods Committee Global Macro Sessions in Washington, DC, on Thursday.

EUR/USD trades lower around 1.1770 on Thursday at the time of writing, down 0.24% on the day and bringing an end to a sequence of eight consecutive days of gains.

ING economist James Smith argues that recent UK GDP strength is likely overstated and expects UK growth to slow as inflation moves towards 4% and real wages fall. He highlights rising energy prices and weaker corporate pricing power as headwinds.

DBS Group Research economist Radhika Rao assesses early post-conflict data for India, highlighting stronger wholesale inflation and modestly higher CPI. She notes that the Wholesale Price Index is more sensitive to commodity and imported costs and is likely to rise further.

John Williams, President of the Federal Reserve (Fed) of New York, spoke in Midtown Manhattan on Thursday and said the Fed’s current interest-rate setting is well calibrated for an economy facing additional risks from the conflict in the Middle East.

BNP Paribas notes Latin American central banks are responding differently to renewed inflation risks. The easing cycle seems over in Chile and Peru, while Mexico’s central bank may deliver one last cut if Middle East tensions ease.

USD/CHF edges higher on Thursday as the US Dollar (USD) stages a modest recovery after eight consecutive days of losses, putting pressure on the Swiss Franc (CHF). At the time of writing, the pair is trading around 0.7828, up nearly 0.11% on the day.

Standard Chartered economists Carol Liao, Shuang Ding and Hunter Chan note that China’s Q1 Gross Domestic Product (GDP) grew 5.0% year-on-year, above the 4.8% consensus, supported by strong exports and a rebound in fixed asset investment.

Silver (XAG/USD) trades slightly lower on Thursday, hovering around $78.60 at the time of writing, down 0.49% on the day.

BNY’s Bob Savage notes that Japanese equities have reclaimed record highs, but international allocations to Japan and Japanese Yen (JPY) hedges have not fully normalized. JPY remains pressured by persistent foreign hedging and limited Japanese outflows.

ING’s Warren Patterson and Ewa Manthey note that Oil prices are drifting lower as markets price in a possible extension of the US–Iran ceasefire and renewed peace talks, even as physical supply tightens due to disrupted flows through the Strait of Hormuz.

Societe Generale analysts highlight a strong rebound in global risk appetite, benefiting the South African Rand. USD/ZAR is seen as vulnerable after failing to hold above its 200-day moving average at 17.00, with scope to grind toward 16.00.

Brown Brothers Harriman’s (BBH) Elias Haddad notes that the recovery narrative is overshadowing the International Monetary Fund's (IMF) weaker growth outlook, with global equities at record highs and the US Dollar (USD) retracing losses.

Federal Reserve Bank of New York President John Williams said on Thursday that they are seeing emerging signs of supply chain disruptions and added that he is projecting inflation to hit 2.75%-3% this year, due to rising energy prices, per Reuters.

Rabobank’s Senior FX Strategist Jane Foley highlights that the Australian Dollar (AUD) is the best performing G10 currency year-to-date, supported by expectations of further Reserve Bank of Australia tightening.

The US Department of Labor (DOL) reported on Thursday that the number of US citizens filing new applications for unemployment insurance decreased to 207K for the week ending April 11, down 11K from the previous week's revised level.

Danske Bank analysts discuss US political risk around Federal Reserve (Fed) leadership, noting Kevin Warsh’s Senate hearing is scheduled for 21 April as part of his confirmation process as Fed chair.

TD Securities strategists report that United Kingdom (UK) Gross Domestic Product (GDP) for February significantly beat expectations, with broad-based strength across services, production and construction.

The European Central Bank (ECB) kept its interest rates unchanged in March, and the meeting accounts released on Thursday show a central bank determined to preserve flexibility in an environment marked by heightened uncertainty.

The Australian Dollar (AUD) outperforms its major currency peers, except the Canadian Dollar (CAD), during the European trading session on Thursday.

Commerzbank analysts highlight that India’s March trade deficit narrowed more than expected as imports slumped, but warn this may reverse as Oil prices rise and exports face Middle East-related disruptions.