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The European session was mostly quiet, with the dollar holding steady while commodity currencies fell after an early advance in Asia Pacific trading.
A slightly weaker risk mood in European morning trade may keep risky trade more cautious, as the Australian dollar fell from 0.7540 earlier today to 0.7480 before settling around 0.7490-00 currently against the dollar.
During Thursday’s trading, Bitcoin, which analysts see as the new digital gold, climbed to a high of $66,000.
There were 290,000 initial claims for unemployment benefits in the US during the week ending October 16, the data published by the US Department of Labor showed on Thursday. This reading followed the previous print of 296,000 and was better than the market expectation of 300,000.
The Federal Reserve Bank of Philadelphia reported on Thursday that the headline Manufacturing Activity Index of the Manufacturing Business Outlook Survey declined to 23.8 in October from 30.7 in September. This reading came in weaker than the market expectation of 25.
The Central Bank of the Republic of Turkey (CBRT) announced on Thursday that it lowered its policy (one-week repo) rate by 200 basis points to 16% from 18%. The market expectation was a rate cut of 100 basis points to 17%.
