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The EUR/USD pair edges higher to near 1.1555 during the Asian trading hours on Thursday. US Dollar (USD) softens against the Euro (EUR) on cooling tensions in the Middle East and weaker-than-expected US economic data. The US Initial Jobless Claims report is due later on Thursday.
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The People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead on Thursday at 6.7895 compared to the previous day's fix of 6.7889 and 6.7462 Reuters estimate.
Federal Reserve (Fed) Bank of San Francisco President Mary Daly said on Thursday that tariffs have had a clear impact on inflation, though she pointed to early signs that effect is beginning to ease.
“There’s a lot of chaos right now in the ecosystem. We absolutely understand that many people are being bombarded with security issues right now,” said Bitcoin developer Calle.
The GBP/USD pair is seen consolidating its gains recorded over the past two days and trading around the 1.3470 region during the Asian session on Thursday.
The yen has traditionally been a go-to currency to fund carry wagers, given that interest rates in Japan were around zero for decades.
