The US Dollar (USD) is trading flat on Thursday at around 106.50 when tracked by the DXY US Dollar Index, afterNew York Fed President John Williams said that inflation continues to cool down, opening the door for a further drop in interest rates.

Crude Oil prices is breaking above $70 on headlines from the International Criminal Court in Ter Hague that has issued an arrest warrant from Israel's Prime Minister Benjamin Netanyahu. On Wednesday, Oil already tried to overcome the round $70 level,

The Pound Sterling (GBP) weakens against most of its peers on Thursday even though traders doubt whether the Bank of England (BoE) will cut interest rates again in the December meeting.

EUR/CHF falls lower after breaking out of a Triangle pattern.

EUR/USD remains vulnerable above the psychological support of 1.0500 in North American trading hours on Thursday.

UK government borrowing (GBP17.4bn) rose well ahead of expectations in October while the CBI’s latest industrial trends survey suggested some moderate improvement in orders for UK manufacturing, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

Gold (XAU/USD) extends its recovery into a fourth day on Thursday, rising up into the $2,660s

GBP/NZD is trading back to where it opened, in the 2.1520s on Thursday, after rising over a third of a percent on the previous day.

The USD/CAD pair ticks down but holds the immediate support of 1.3950 in Thursday’s North American session.

US citizens filing new applications for unemployment insurance rose to 213K for the week ending November 15, as reported by the US Department of Labor (DoL) on Thursday.

Canada Employment Insurance Beneficiaries Change (MoM) declined to -1.9% in September from previous 1.5%

United States Continuing Jobless Claims registered at 1.908M above expectations (1.87M) in November 8

Canada Industrial Product Price (MoM) came in at 1.2%, above expectations (0.3%) in October

United States Initial Jobless Claims below expectations (220K) in November 15: Actual (213K)

United States Philadelphia Fed Manufacturing Survey below expectations (8) in November: Actual (-5.5)

United States Initial Jobless Claims 4-week average dipped from previous 221K to 217.75K in November 15

Canada Raw Material Price Index above forecasts (-1.5%) in October: Actual (3.8%)

The Mexican Peso (MXN) weakens to the day's lows in its most-heavily traded pairs on Thursday after data showed shoppers in Mexico curtailed their spending in September.

The Euro (EUR) is trading softly on the session, Scotiabank’s Chief FX Strategist Shaun Osborne notes.

The Canadian Dollar (CAD) is little changed on the session.

South Africa SARB Interest Rate Decision in line with forecasts (7.75%)

The US Dollar (USD) is mixed to somewhat firmer on the day.

Russia Central Bank Reserves $ dipped from previous $620.8B to $611.6B

Mexico Retail Sales (YoY) came in at -1.5% below forecasts (-1.2%) in September

Mexico Retail Sales (MoM) in line with expectations (0.1%) in September

The USD/JPY pair slides to near 154.00 in Thursday’s European session.

EUR/GBP continues trading in a range. The pair is probably now in a sideways trend and given the principle of technical analysis that “the trend is your friend” it will probably continue oscillating until it makes a decisive breakout one way or another.

Headline SMEI edged down 0.3pts to 50.4 in November; credit conditions continued to improve.

AUD/USD has formed an interim trough near 0.6440 last week and has staged an initial bounce, BBH analyst note.

The Dollar Index (DXY) rose 0.7% to a high of 106.92 on geopolitical risks before better tech earnings fuelled a late US stock market rally and lowered the DXY to 106.65 overnight, DBS’ Senior FX Strategist Philip Wee notes.