USD/CNH Exchange rate

AUD/USD attracts some buyers on Thursday and snaps a three-day losing streak to over a one-week low amid a positive risk tone. Rising bets for a RBA rate cut in February, China's economic woes and US-China trade war fears could be a headwind for the Aussie. Furthermore, the Fed's hawkish pause on Wednesday favors the USD bulls and should contribute to capping the pair.

USD/JPY drifts lower for the second straight day as bets for additional BoJ rate hikes continue to underpin the JPY. Meanwhile, the USD struggles to capitalize on a hawkish Fed-inspired move up and drags spot prices below the 155.00 mark.

Gold price ticks higher during the Asian session on Thursday, though it remains confined in the weekly range below a multi-month top touched last Friday. Concerns about a potential global economic fallout from Trump's protectionist policies, softer US bond yields and subdued USD price action act as a tailwind for the yellow metal.

Solana price rebounded by a mild 3% on Wednesday, halting a 3-day losing streak, as markets reacted positively to the latest US Fed rate pause decision. Derivatives markets trends show aggressive leverage activity among bulls traders, signaling growing conviction on further SOL upside. 

We see another 25-basis point interest rate cut from the ECB this week as practically a forgone conclusion. The Governing Council has made clear that its priority for now is supporting activity in the common bloc, and recent data has remained consistent with an economy that is deep in the mire of stagnation.