Daily market news

West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $73.52 per barrel, up from Wednesday’s close at $72.94.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $75.08 price posted on Wednesday, and trading at $75.51.

The USD/CAD pair extends its two-day recovery move to near 1.3710 during Asian trading hours on Thursday. The Loonie pair attracts bids as the US Dollar (USD) gains further, while Middle East tensions have escalated amid the possibility of the United States (US) striking Iran, Bloomberg reported.

The USD/CHF pair builds on its recent recovery from the vicinity of mid-0.8000s, or a nearly two-month low touched last week, and scales higher for the fifth straight day on Thursday.

The Japanese government plans to reduce sales of super-long bonds by about 10% from the initial plan in a rare revision to its bond programme for the current fiscal year, trimming overall bond issuance as a result, per Reuters.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $73.00 during the Asian trading hours on Thursday. The WTI price edges higher amid fears that the Israel-Iran crisis could spiral into a broader conflict involving the United States (US).

The NZD/USD pair trades with mild gains near 0.6030 during the early Asian session on Thursday. The New Zealand Dollar (NZD) strengthens against the Greenback due to the stronger-than-expected New Zealand’s Gross Domestic Product (GDP) report.

Following the Fed's widely anticipated decision to keep interest rates unchanged, the US Dollar regained its upward momentum.

The Australian Dollar (AUD) is gaining ground against the US Dollar (USD) on Wednesday, supported by a softer Greenback as market participants await the outcome of the Federal Reserve’s (Fed) policy decision.

The GBP/USD recovers some ground on Wednesday as traders await the Federal Reserve's (Fed) monetary policy decision, amid heightened tensions in the Middle East and the release of jobless claims data in the US. At the time of writing, the pair trades at 1.3452, up 0.19%.

The Canadian Dollar (CAD) is trading flat against the US Dollar (USD) on Wednesday as markets adopt a cautious tone ahead of the Federal Reserve's (Fed) Federal Open Market Committee (FOMC) Meeting.