Gold price stays firm on Thursday during the North American session as geopolitical tensions remain elevated despite the beginning of the third round of talks between the US and Iran in Geneva. Also, solid data from the US kept bullion prices contained.
AUD/USD trades with a negative bias on Thursday as broad-based US Dollar (USD) strength weighs on the Australian Dollar (AUD). At the time of writing, the pair is trading around 0.7078, down 0.60%.
ING analysts Frantisek Taborsky and David Havrlant say Czech fiscal policy has loosened only marginally after the election, with the public finance deficit seen at 2.2% of GDP in 2026 and risks tilted higher.
Commerzbank analysts Charlie Lay and Moses Lim highlight that the US Supreme Court’s IEEPA ruling and a new US–India trade deal lower average US tariffs on Indian exports but keep trade uncertainty elevated. They warn that higher Oil prices and continued capital outflows could pressure the Rupee.
USD/JPY trades around 156.20 on Thursday at the time of writing, down 0.15% on the day, slightly correcting after two consecutive days of gains.