Forex Today: US flash Consumer Sentiment and Canadian jobs in the limelight

The US Dollar (USD) experienced selling pressure on Thursday, causing it to drop below recent tops. This decline occurred in response to comments from President Donald Trump and a decrease in crude oil prices. The US Dollar Index (DXY) partially retreated from Wednesday's advance, approaching the 102.00 region while remaining in the upper range of its recent movements.

Preliminary U-Michigan Consumer Sentiment data and a speech by Federal Reserve's Collins will conclude the schedule on Thursday. Meanwhile, EUR/USD attempted a modest recovery, surpassing the 1.1200 level and gaining ground for the day. With no domestic data releases, investors will focus on comments from the European Central Bank's Cipollone and Schnabel.

GBP/USD showed solid gains, eventually reaching above the 1.3200 mark following a late Greenback dip. The Bank of England's Retail Sales Monitor release is scheduled for October 13. USD/JPY reversed course, falling to three-day lows near 157.70 due to the recent drop in the US Dollar. The release of Household Spending figures and Machine Tool Orders will complete the trading day in Japan.

AUD/USD recouped some of its earlier losses, bouncing off lows near 0.6930. The Reserve Bank of Australia's minutes will be the main focus on October 13, followed by the NAB Business Confidence gauge. USD/CAD has retreated from recent peaks near the 1.4300 barrier and is trying to stabilize in the low 1.4200s as the Canadian Dollar appreciates.

Canada will have a labor market report towards the end of the week. Gold attempted a slight rebound towards the $4,150 mark per troy ounce, breaking free from Wednesday's retreat while maintaining its weekly negative trend.