Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

AUD/USD keeps range near 0.6950 after Australian trade data

AUD/USD consolidates near a two-month low, trading around mid-0.6900s in the Asian session on Thursday amid a bullish US Dollar. The US PCE data tempered October Fed hike bets, though oil-driven inflation fears remain supportive of elevated US bond yields. Meanwhile, Australia's trade surplus shrank sharply in August to AUD495M, having limited impact on the Aussie Dollar and the pair.

USD/JPY sits at weekly top above 158.00 as bullish USD counters intervention risks

USD/JPY is sitting at the top end of its weekly range above 158.00 in the Asian session on Thursday. Despite the softer US PCE data, oil-driven inflation risks keep US bond yields elevated near multi-year highs. Moreover, the US-Iran standoff benefits the safe-haven US Dollar and supports the pair. Broad US Dollar strength counters hawkish BoJ expectations and Japanese intervention risks.

$4,200: Gold sellers to retain control below that level ahead of ISM PMI

Gold is trying hard to contain the downside, while trading close to $4,150 in Thursday’s Asian trading, having faced rejection above $4,200 on Wednesday. Focus now turns to a fresh batch of US economic data releases and speeches from Federal Reserve policymakers for fresh hints on a possible interest rate hike in October.

XRP slips, XLM rebound faces resistance amid mixed sentiment

Ripple (XRP) remains under pressure, slipping below $1.500 on Thursday while Stellar (XLM) extends its rebound, trading around $0.227 but facing resistance amid mixed market sentiment. Rising US Treasury yields and mixed derivatives metrics continue to weigh on risk appetite, leaving traders cautious for both tokens.

The Fed's October hike shrinks with the inflation it was built on

Traders have moved the next Federal Reserve hike from October 28 to December 9, and the inflation report that added to the move said more about July than August. The government's annual rewrite, published alongside the August Personal Consumption Expenditures Price Index, cut July's core reading, which leaves out food and energy, from 3.3% to 3%.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025, but a fresh inflation shock in the Eurozone could give the Euro (EUR) an unexpected lifeline. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082.