Analyzes

The US dollar fell against the Swiss franc Thursday as the pair remains range-bound, with traders closely watching for potential SNB intervention near 0.79.

The US dollar dropped significantly against the Norwegian krone Thursday, pressured by rising Norwegian inflation, stronger oil, and ongoing risk sentiment shifts.

GBP/USD continues to struggle below the key 1.35 resistance level, with signs of exhaustion offering potential short opportunities targeting 1.3310.

The US dollar rallied against the Japanese yen ahead of Friday’s BoJ meeting, with traders watching for dovish signals that could spark a move to 160.

GBP/USD started the week on a firm footing and continued to trade strongly as disputes between the United States (US) and the European Union (EU) over the purchase of Greenland battered the US Dollar (USD) significantly.

The Euro saw modest gains on Thursday, staying range-bound as traders watch for a breakout above 1.1850 that could signal a push toward 1.20.