Here is what you need to know on Thursday, April 18: The US Dollar stays under modest selling pressure in the early European session on Thursday. The US economic calendar will offer weekly Initial Jobless Claims, Philadelphia Fed Manufacturing Survey for April and Existing Home Sales data for March. Several Federal Reserve policymakers are scheduled to deliver speeches during the American trading hours. The USD Index stays in negative territory below 106.
The pair inched slightly lower in the Asian session and was last seen trading slightly above 154.00. National Consumer Price Index data will be featured in the Japanese economic docket in the early hours of the Asian session on Friday. Gold fell nearly 1% on Wednesday but found support near $2,360. XAU/USD gathered bullish momentum early Thursday and recovered toward $2,380. EUR/USD rebounded decisively and gained 0.5% on Wednesday.
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