The US Dollar (USD) outperformed its peers on Thursday, gathering extra steam on the back of solid data releases and steady caution ahead of the critical speech by Chief Jerome Powell at the Jackson Hole Symposium on Friday. So far, consensus continues to favour a rate cut in September.

The New Zealand Dollar (NZD) is finding its footing against the US Dollar (USD) on Thursday after heavy selling in the wake of the Reserve Bank of New Zealand’s (RBNZ) rate cut a day earlier, which dragged the pair to its lowest level in four months.

Banco de Mexico (Banxico) revealed the minutes of the August 7 monetary policy meeting, in which the central bank decided to reduce rates by 25 basis points (bps) to 7.75% on a vote split, with Deputy Governor Jonathan Heath in favor of keeping rates unchanged.

The GBP/JPY advanced during the North American session, up 0.34% after following the release of solid economic data from Britain that outweighed solid Purchasing Managers Index (PMI) figures in Japan. The cross-pair trades at 198.91 after bouncing off daily lows of 198.12.

The Australian Dollar (AUD) stayed under pressure on Thursday, with AUD/USD slipping toward two-month lows near the 0.6400 support. It was the pair’s fourth straight daily decline, this time amid a solid performance of the US Dollar (USD).

The British Pound (GBP) extends its decline for the fourth consecutive day against the US Dollar (USD) on Thursday, with GBP/USD slipping below the 1.3450 level. At the time of writing, the pair is trading near 1.3435, weighed down by a stronger Greenback and diverging economic signals.

The Euro (EUR) is trading with a muted tone against the US Dollar (USD) on Thursday, holding steady around 1.1650 as markets digest the latest US labor data and await fresh business activity figures.

The Euro (EUR) is holding steady against the British Pound (GBP) on Thursday, consolidating gains after Wednesday’s sharp rebound.

The Aussie Dollar is attempting to regain lost ground against its US counterpart on Thursday, following a 1.75% sell-off in the last five trading days.

The Japanese Yen (JPY) is weak, down 0.3% against the US Dollar (USD) and underperforming all of the G10 currencies into Thursday’s NA session, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Pound Sterling (GBP) is up a modest 0.1% against the US Dollar (USD) and outperforming all of the G10 currencies with the exception of NOK, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Euro (EUR) is quietly consolidating within an incredibly tight range in the mid-1.16s, extending the flat consolidation that has prevailed over the last couple of weeks, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The Canadian Dollar (CAD) is trading little changed from where we were for most of the session yesterday, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.

The US Dollar trades higher for the fourth consecutive day against its Canadian Counterpart on Thursday, with bulls pushing against three-month highs at the 1.3880 area, ahead of US preliminary PMI figures due later on Thursday and, more importantly, Fed Chair Powell’s speech on Friday.Business acti

US Dollar (USD) is likely to trade in a range between 146.90 and 147.90. In the longer run, a narrower range of 146.50/148.50 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Scope for New Zealand Dollar (NZD) to weaken further; oversold conditions suggest 0.5795 is unlikely to come under threat. In the longer run, sharp drop seems excessive; for a continued decline, NZD must first break and hold below 0.5800, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Australian Dollar (AUD) is unlikely to weaken much further; it is likely to trade in a lower range of 0.6420/0.6455. In the longer run, risk for AUD is tilted to the downside toward 0.6420, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

The US Dollar accelerated its recovery against a weaker Japanese Yen on Friday.

EUR/GBP pulled back after failing to break above resistance at 0.8735/0.8765. While support at 0.8590 and the 50-DMA has held, a sustained rebound toward 0.8700 is possible, though a breach of 0.8590 could trigger a deeper decline, Société Générale's FX analysts note.

EUR/GBP remains steady after registering gains in the previous session, trading around 0.8660 during the European hours on Thursday. The currency cross moves little following the release of mixed S&P Global UK Purchasing Managers’ Index (PMI) data.

The AUD/USD pair extends its losing streak for the fourth trading day on Thursday. The Aussie pair slides to near 0.6415 in the European trading session, the lowest level seen in almost two months.

Eurozone Construction Output w.d.a (YoY) down to 1.7% in June from previous 2.9%

Eurozone Construction Output s.a (MoM) increased to -0.8% in June from previous -1.7%

The GBP/JPY cross regains positive traction on Thursday and moves away from a nearly two-week low, around the 197.85 area touched the previous day.

Kiwi fell post-RBNZ policy decision. NZD last seen at 0.5820 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

The US Dollar reversal from Wednesday’s highs around 0.8090 against the Swiss Franc has been contained right above 0.8020, which leaves the pair moving back and forth within the  70-pip range where it has been trapped for more than seven days.

At first glance, yesterday's British inflation figures for July were clear: service inflation was two-tenths, while core and headline inflation were each one-tenth higher than expected.

Euro (EUR) continued to trade subdued. Pair was last at 1.1645 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.

EUR/USD is becalmed. It's fair to say that the optimism over a potential ceasefire/peace deal in Ukraine is now fading, as evidenced by EUR/CHF dropping back down to 0.9370, ING's FX analyst Chris Turner notes.

The USD/CAD pair trades firmly near a fresh almost three-month high around 1.3880 during the European trading session on Thursday.