The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday amid increasing risk-off sentiment, reflecting the continued weakness in technology stocks which mirrored their peers on the tech-heavy Nasdaq amid valuation concerns. Traders also remain cautions as they focus on the Russia-Ukraine peace talks that began in the U.A.E. and the upcoming U.S.-Iran talks in Oman.
After two days of advances, the price of West Texas Intermediate (WTI) oil drops, closing at about $63.50 per barrel on Thursday during Asian hours.
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Forex News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.