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The Pound Sterling (GBP) gave in to the resurgent US Dollar (USD) this week, motivating GBP/USD sellers to fight back control, as the tempered rate cut outlook from the US Federal Reserve (Fed) bolstered the sentiment around the US Dollar.
Gold price (XAU/USD) ticks higher during the Asian session on Thursday and for now, seems to have snapped a two-day losing streak to over a one-month low touched the previous day.
The EUR/USD pair builds on the overnight bounce from the very important 200-day Simple Moving Average (SMA) support near the 1.0845 region and gains some positive traction for the second straight day on Thursday.
The Japanese Yen (JPY) is seen oscillating in a narrow band during the Asian session on Thursday and consolidating its recent heavy losses against the US Dollar (USD) registered since the beginning of this week.
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