Australian Dollar holds gains as US Dollar remains weaker, Q1 GDP Annualized eyed

The Australian Dollar (AUD) advances against the US Dollar (USD) on Thursday, continuing its winning streak for the fourth consecutive day. The AUD/USD pair remains stronger amid improving risk appetite, driven by a fragile US-brokered Israel-Iran ceasefire.

EUR/GBP loses ground below 0.8550 ahead of BoE’s Bailey speech

The EUR/GBP cross loses traction to near 0.8525 during the early European session on Thursday, pressured by a stronger Pound Sterling (GBP) broadly. Traders will closely monitor the Bank of England’s (BoE) Governor Andrew Bailey speech later on Thursday.

USD/INR slides further as US Dollar renews three-year low

The Indian Rupee (INR) gains sharply against the US Dollar (USD) on Thursday.

Japanese Yen remains on the front foot and trades near weekly high against a weaker USD

The Japanese Yen (JPY) sticks to its positive bias against a broadly weaker US Dollar (USD) on Thursday and trades near the top end of the weekly range heading into the European session.

Gold price flat lines below $3,450; downside seems cushioned amid a bearish USD

Gold price (XAU/USD) struggles to capitalize on the previous day's modest gains and an Asian session uptick amid mixed cues. US President Donald Trump's fresh attack fuels concerns about the potential erosion of the US Federal Reserve's (Fed) independence.