Fundamental

The US dollar extended losses against the South African Rand on Thursday, driven by strong carry trade flows and bullish momentum in commodity markets.

The Mexican peso extended gains against the US dollar on Thursday, driven by carry trade flows and expectations of slower rate cuts amid persistent inflation.

Despite choppy intraday moves, USD/JPY remains supported at 158, with traders favoring the dollar as the carry trade and dovish Bank of Japan policy support a continued uptrend toward 160.

The British pound continues to test key resistance against the Swiss franc, with a breakout above 1.0807 potentially confirming a bullish trend shift.

Bitcoin eyes $100K on institutional flows and regulatory clarity, while Monero’s 95% surge highlights growing investor demand for privacy-focused crypto.

The selling pressure on EUR/USD remains everything but abated so far on Thursday, always against the backdrop of the robust recovery in the US Dollar (USD), which appears reinforced by data and increasing US Treasury yields across the curve.