The Bank of Mexico reduced its main reference rates by 25 basis points as expected, to 7.50% with not an unanimous decision, with a 4 to 1 vote split, with Deputy Governor Jonathan Heath, once against voting to hold rates unchanged. developing story, more to come ...

The Australian Dollar (AUD) slumps against the US Dollar (USD) on Thursday, with the AUD/USD pair extending losses for a second consecutive session and falling to its weakest level since September 5.

The Japanese Yen (JPY) loses ground against the US Dollar (USD) on Thursday, with USD/JPY surging to its highest level in seven weeks.

The Pound Sterling losses ground versus the Japanese Yen on Thursday as the cross-pair reversed its course from around weekly highs of 200.34, weighed by investors growing concerns about Britain finances. The GBP/JPY trades at 199.72, down 0.27%.

The Euro (EUR) strengthens against the British Pound (GBP) on Thursday, with EUR/GBP trading around 0.8740 after briefly touching its highest level since July 28 earlier in the day.

The British Pound (GBP) loses ground against the US Dollar (USD) on Thursday, with GBP/USD slipping below the 1.3400 psychological mark as a wave of stronger-than-expected US economic data revives demand for the Greenback.

The Euro (EUR) extends its decline for the second day against the US Dollar (USD) on Thursday, weighed down by a string of upbeat US economic data that boosted the Greenback across the board.

Brazil Mid-month Inflation below forecasts (0.51%) in September: Actual (0.48%)

The USD/JPY pair holds onto gains near the 20-day high around 149.00 during the early North American session on Thursday.

The US Dollar has been trading within a narrow range near the 1.3900 level on Thursday, with downside attempts held at 1.3885.

The AUD/USD pair trades in a tight range around 0.6600 during the late European trading session on Thursday.

Silver’s (XAG/USD) has resumed its bullish trend on Thursday, reaching fresh multi-year highs at $44,90 so far.

The United States (US) Durable Goods Orders data for August is due for release today at 12:30 GMT. The Census Bureau is expected to show that fresh orders for durable goods have declined for the third time in a row.

USD/JPY broke above its 200-day moving average (148.51) yesterday and clutching its gains, BBH FX analysts report.

The Swiss Franc (CHF) underperformed after the SNB kept its policy rate at 0%, but persistent safe-haven demand offsets concerns over a potential negative rate, while the central bank downgraded 2026 GDP growth due to elevated US tariffs, BBH FX analysts report.

US Dollar (USD) is likely to trade in a range between 148.20 and 149.15. In the longer run, renewed upward momentum suggests USD could reach 149.15; it is unclear whether it could continue to rise to 149.55, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

New Zealand Dollar (NZD) could drop below the major support at 0.5800, but it might not be able to hold below this level.

USD/MXN has broken below its recent consolidation base, signaling renewed downside momentum, with 18.65 now the key barrier to cap rebounds before the pair potentially extends losses toward 18.15 and 17.80/60, Société Générale's FX analysts note.

The Pound Sterling (GBP) trades cautiously around 1.3450 against the US Dollar (USD) during the European trading session on Thursday. The GBP/USD pair struggles to gain ground as the US Dollar demonstrates strength ahead of key United States (US) economic data releases at 12:30 GMT.

Rather than continuing to weaken, Australian Dollar (AUD) is more likely to trade in a lower range of 0.6565/0.6605. In the longer run, the price action suggests that the likelihood of AUD testing 0.6550 is increasing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The EUR/CHF pair recovers losses and trades 0.15% higher to near 0.9350 during the European trading session on Thursday.

The US Dollar maintains a moderately positive bias against the Swiss Franc on Wednesday, following the Swiss National Bank’s monetary policy decision.

Eurozone M3 Money Supply (3m): 3.2% (August) vs previous 3.5%

Eurozone M3 Money Supply (YoY) came in at 2.9% below forecasts (3.3%) in August

Euro (EUR) has scope to break below 1.1715, but it might not be able to maintain a foothold below this level.

At the beginning of the year, very few analysts would have predicted that the Brazilian real and the Mexican peso would perform so well against the US dollar, with gains of 17% and 13% respectively, Commerzbank's FX analyst Tatha Ghose notes.

Silver price (XAG/USD) maintains its position following intraday gains, trading around $44.00 per troy ounce during the European hours on Thursday.

Yesterday, Istanbul's 45th civil court ordered a suspension of opposition CHP’s extraordinary provincial congress in Istanbul, undermining the authority of the Supreme Election Council (YSK) which had previously green-lit the event after some deliberation (and with some conditions), Commerzbank's FX

The LDP leadership campaign is underway, with election scheduled on 4 October. 5 names have surfaced but the race is tight between Sanae Takaichi and Shinjiro Koizumi. Asahi polls showed Takaichi leading with 28% and Koizumi at 24%.

EUR/USD is trading near the 1.1740 area at the moment of writing on Thursday, after retreating from weekly highs above 1.1800 the previous day.