Forex
The Euro (EUR) regains ground against the US Dollar (USD) on Thursday after the European Central Bank (ECB) kept its three key policy rates unchanged. At the time of writing, EUR/USD trades around 1.1756, reversing higher after dipping to an intraday low near 1.1712.
US CPI misses Sharply, Jobless Claims stable, the Bank of England cuts rates by 25 bps to 3.75% and the ECB keeps rates unchanged. Check out Market Reactions and details to the heavy morning reports.
Forex
The Euro accelerated its decline from levels near 0.8800 against the Pound Sterling, to reach intra-day lows near 0.8750 at the time of writing, with the weekly low of 0.8745 at a short distance.The Bank of England met the market’s expectations and cut its Bank Rate by 25 basis points to 3.75% on Th
Forex
EUR/USD trades above 1.1700 as markets await today’s European Central Bank (ECB) meeting. The central bank is expected to keep rates at 2.00%, with President Lagarde’s remarks on future hikes likely to influence the euro’s near-term direction, BBH FX analysts report.
Commodities
Asian markets saw the Nikkei drop to a three-week low, hit by falling technology stocks and AI sector concerns. European markets are quiet ahead of the expected Bank of England rate cut and upcoming US inflation data. The US dollar strengthened against major currencies. Gold holds steady, and silver remains near its high. Technically, the FTSE 100 is breaking higher.
Commodities
Gold price (XAU/USD) trades 0.4% lower to near $4,320 during the European trading session on Thursday, though it remains close to its all-time high of $4,381.
Forex
EUR/USD has been rejected at 1.1750 and trades lower for the third consecutive day, changing hands 1.1720 at the time of writing, but still within the weekly range, above 1.1700.
Forex
The Yen remains on its back foot on Thursday, despite market expectations that the BoJ will hike interest rates on Friday.
Forex
NZD/USD extends its losses for the second successive session, trading around 0.5760 during the early European hours on Thursday. The pair weakens as the New Zealand Dollar (NZD) comes under pressure, even after data revealed stronger-than-expected economic growth.
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.30 during the early European trading hours on Thursday. The WTI price declines amid a modest rebound in the US Dollar (USD) and signs of weak Chinese energy demand.
