NZD/USD loses ground for the third consecutive day, trading around 0.5550 during European hours on Thursday.

The GBP/JPY cross reverses a modest intraday dip, climbing back to the 212.00 mark during the early European session on Thursday, though it remains confined within a range held over the past week or so.

The Euro (EUR) remains steady at around 0.8350 against the British Pound (GDP) in the European trade on Thursday, as the latter trades almost stable after the release of the United Kingdom (UK) Q3 and September Gross Domestic Product (GDP) data.

The British Pound (GBP) edged up against the Dollar (USD) following the release of UK Gross Domestic Product (GDP) and Industrial Production figures on Thursday, yet with the broader bearish trend practically intact.

The AUD/USD pair drifts lower for the third straight day, also marking the fifth day of a negative move in the previous five, hitting a fresh low since January during the early European session on Thursday.

The USD/CAD pair gains momentum to around 1.4260 during the early European trading hours on Thursday. Falling crude oil prices exert some selling pressure on the commodity-linked Canadian Dollar (CAD) against the US Dollar (USD).

USD/CHF inches lower after two days of gains, trading around 0.8330 during Asian hours on Thursday.

The Japanese Yen (JPY) outperforms its major currency peers on Thursday. Against the US Dollar (USD), the Asia-Pacific currency is marginally higher even as the US Dollar Index (DXY) hits a fresh 18-month high at 103.08 during the day.

The GBP/USD pair drifts lower for the third straight day – also marking the fifth day of a negative move in the previous six – and drops to a fresh four-week low during the Asian session on Thursday.

The Indian Rupee (INR) rises further against the US Dollar (USD) on Thursday, posting a fresh six-month low. The USD/INR pair falls to near 93.65 as the Indian currency outperforms on the back of strong inflows of overseas investment into the Indian stock market.

The EUR/USD pair declines to near 1.1080 during the early European trading hours on Thursday. A cautious stance from the European Central Bank (ECB) weigh on the Euro (EUR) against the US Dollar (USD).

USD/IDR rises after opening at a bullish gap, trading around 18,260 during Asian hours on Thursday. The currency pair climbed to a fresh record high of 18,272 amid renewed concerns over Indonesia’s emerging-market status.

The AUD/JPY cross trades in negative territory around 109.30 during the early European trading hours on Thursday. Traders remain on high alert for currency intervention from Japanese authorities to prop up the Japanese Yen (JPY).

EUR/JPY extends its losses for the second successive day, trading around 176.90 during Asian hours on Thursday. The technical analysis of the daily chart indicates that the currency cross is remaining within a descending channel pattern, suggesting an ongoing bearish bias.

The New Zealand Dollar (NZD) is under pressure against the US Dollar (USD) on Thursday, holding onto its two day’s losses at around 0.5560 in the Asian trade.

The highlight of the United Kingdom’s (UK) economic calendar this week will be the preliminary estimate of third-quarter Gross Domestic Product (GDP), which the Office for National Statistics will release on Thursday.

AUD/USD loses ground for the third consecutive day, trading around 0.6840 during Asian hours on Thursday. The pair falls to nearly 10-month lows as the US Dollar (USD) receives support from an increasingly hawkish Federal Reserve (Fed) policy outlook.

The EUR/USD pair posts modest gains near 1.1095 during the early Asian trading hours on Thursday. However, the potential upside for the major pair might be limited by expectations of a bigger interest rate hike from the US Federal Reserve (Fed) this year.

The USD/JPY pair attracts some sellers during the Asian session on Thursday, snapping a two-day winning streak to its highest level since early September, around the 160.00 psychological mark touched the previous day.

USD/CAD holds steady around 1.4250 during Thursday's Asian trading session after posting two consecutive days of gains. Despite the pause, the pair could resume its upward climb as the US Dollar (USD) may draw strength from an increasingly hawkish Federal Reserve (Fed) policy outlook.

The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.774 compared to the previous day's fix of 6.7191 and 6.6797 Reuters estimate.

Japan's top currency diplomat Atsushi Mimura said on Wednesday that recent currency moves, including those of the past few days, are too rapid. 

The GBP/USD pair holds steady around 1.3275 during the early Asian session on Thursday. Traders continue to assess the monetary policy path from the Bank of England (BoE) and the US Federal Reserve (Fed).

The Australian Dollar lost 0.27% against the US Dollar on Wednesday as market participants priced in further Federal Reserve tightening, amid a light economic docket in Australia and the US. The AUD/USD trades below 0.6850.

The 160.00 level is within reach of USD/JPY for the first time since early September, with Fed speakers and US producer prices still to come before the weekend. USD/JPY has left the range it held for seven weeks and reached just under 160.00, its highest since September 2.

Third-quarter Gross Domestic Product (GDP) on Thursday is forecast to show the UK economy growing faster, and GBP/USD goes into it at its lowest since mid-October.

The Mexican Peso (MXN) recovered some ground against the US Dollar (USD) on Wednesday after losing 0.45% in the previous week, following a US inflation report that was higher than expected, which increased the odds of further Federal Reserve (Fed) tightening.

The GBP/JPY trades choppily despite posting gains of 0.17% on Wednesday, with price action remaining within Tuesday’s daily range of 211.44-212.65, indicating that a potential ‘bullish harami’ or inside day pattern is forming near a key resistance area.

The EUR/USD extends its losses below 1.1100 as traders digest the Fed's hawkish comments, which have increased the odds of a rate hike. At the time of writing, the pair trades at 1.1092.

The US Dollar (USD) has pushed harder, reaching levels last seen in April 2025 on the back of persistent bets over another interest rate hike by the Federal Reserve at its December gathering.