Daily market news

NZD/USD edges higher after two consecutive sessions of losses, trading near 0.5980 during European hours on Thursday.

Here is what you need to know on Thursday, April 24:

West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $62.04 per barrel, down from Wednesday’s close at $62.13.

The GBP/USD pair drifts higher to around 1.3270, snapping the two-day losing streak during the early European trading hours on Thursday. Mitigating concerns over potential tariff threats by US President Donald Trump exerts some selling pressure on the US Dollar (USD).  

Silver (XAG/USD) attracts some sellers after hitting a nearly three-week top near the $33.70 region during the Asian session on Thursday and erodes a part of the previous day's strong move up.

West Texas Intermediate (WTI) Oil price recovers its daily losses, trading around $62.20 per barrel during Thursday’s Asian hours.

The NZD/USD pair strengthens to near 0.5950 during the Asian trading hours on Thursday, bolstered by the weakening of the US Dollar (USD).

The EUR/USD pair edges higher to around 1.1335 during the early Asian session on Thursday. Mitigating concerns over potential tariff threats by US President Donald Trump exerts some selling pressure on the US Dollar (USD).  

The NZDUSD pair held steady near the 0.5900 mark on Wednesday, posting a marginal daily gain as traders positioned ahead of the Asian session. The pair continues to consolidate in a tight range after recent upward momentum, suggesting a pause rather than a reversal.

The Greenback extended their recovery on the back of auspicious headlines around the US-China trade crisis and mitigating fears around potential threats to the Fed’s independence by President Trump.