EUR/USD remains capped below 1.1640 on Thursday, trading at 1.1635 at the time of writing, and dangerously close to one-month lows, at 1.1618, despite the stronger-than-expected Eurozone Industrial Production figures seen earlier on the day.

The US Dollar remains bid against a somewhat softer Swiss Franc, weighed by a brighter market sentiment on Thursday. The Greenback keeps its bullish trend from late December lows in play, but has so far been unable to find acceptance above the 0.8020 area.

Gold (XAU/USD) holds firm above the $4,600 psychological mark on Thursday after coming under modest pressure earlier in the day, as traders book mild profits following Wednesday’s surge to a fresh record peak near $4,643.

NZD/USD hovers around 0.5740 on Thursday at the time of writing, virtually unchanged on the day, as investors digest another round of strong US economic data and remain cautious ahead of the weekly US Initial Jobless Claims figures due later in the day.

Brazil Retail Sales (MoM) came in at 1%, above forecasts (0.3%) in November

UK economic growth surprised on the upside in November, with real GDP rising 0.3% month-on-month, led by gains in services and manufacturing despite continued weakness in construction, BBH FX analysts report.

The Pound Sterling (GBP) trades lower against its major currency peers, falls 0.2% to near 1.3420 against the US Dollar (US) on Thursday, following the release of the United Kingdom (UK) monthly Gross Domestic Product (GDP) data for November.

The Swedish Krona (SEK) remains strong in early 2026, trailing only the AUD among G10 currencies, supported by positive growth data, attractive interest-rate differentials, and expectations of future Riksbank hikes, Rabobank's FX analyst Jane Foley reports.

The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, trades marginally higher to near its monthly high at 99.25.

US Dollar (USD) is mixed near this week’s highs. The run of Goldilocks-type US economic data continues to offer USD support. Consumer spending activity is holding up well.

Gold’s (XAU/USD) reversal from all-time highs found buyers near $4,580 on Thursday, before returning to levels past $4,600 during the European trading session.

The USD/JPY pair trades in a tight range around 158.50 during the European trading session on Thursday, but is close to its yearly high of 159.45 posted on Wednesday.

Italy Trade Balance EU fell from previous €-1.31B to €-1.959B in November

Italy Global Trade Balance below forecasts (€5.2B) in November: Actual (€5.078B)

Ireland Consumer Price Index (YoY): 2.8% (December) vs previous 3.2%

Ireland HICP (YoY) fell from previous 3.1% to 2.7% in December

Ireland Consumer Price Index (MoM) increased to 0.5% in December from previous -0.2%

Ireland HICP (MoM) climbed from previous -0.2% to 0.6% in December

EUR/JPY trades around 184.40 on Thursday at the time of writing, down 0.15% on the day.

USD/KRW is forming the right shoulder of a potential Inverse Head and Shoulders, with the neckline near 1488. A breakout above this level could pave the way for gains toward 1497/1502 and 1525, Société Générale's FX analysts note.

US Dollar (USD) remains neutral but is now expected to trade in a lower range of 6.9520/6.9900, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

EUR/CHF has established a higher trough near 0.9270 and is challenging the 200‑DMA and multi-year descending trendline. A successful break above 0.9400 could trigger further gains toward 0.9445–0.9485, Société Générale's FX analysts note.

US Dollar (USD) is likely to consolidate between 157.90 and 159.00. In the longer run, strong USD rally has scope to extend, potentially breaking above 160.00, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.

Silver has rallied more than 25% since the start of 2026, extending the powerful uptrend that began in mid-2025.

The New York Times (NYT) reported during European trading hours on Thursday that the United States (US) is pressing Mexico to allow its military forces to fight against drug cartels.

Energy markets reacted sharply to a pullback in US-Iran tensions, with Brent crude dropping 5%, highlighting investor caution amid geopolitical swings.

The Eurozone industrial sector activity rises at a steady pace of 0.7% in November, faster than estimates of 0.5%, according to data published by Eurostat on Wednesday. October's Industrial Production data was revised lower to 0.7% from 0.8%.

Spain 3-y Bond Auction rose from previous 2.217% to 2.342%

Eurozone Trade Balance s.a. declined to €10.7B in November from previous €14B

Eurozone Industrial Production w.d.a. (YoY) came in at 2.5%, above forecasts (2%) in November