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According to a report from the US Department of Labour (DOL) released on Thursday, the number of US citizens submitting new applications for unemployment insurance went down to 213K for the week ending March 7.

ING analysts see markets as overly aggressive on Bank of England expectations, with easing priced out after the Iran conflict. They note EUR/GBP’s negative correlation with Oil and warn that no rate changes are now expected by year-end.

USD/INR moves sideways and stays in the negative territory at the time of writing on Thursday.

Commerzbank’s Tatha Ghose expects the Central Bank of Turkey to keep rates on hold, seeing this as a tactical pause rather than a shift in strategy.

Commerzbank’s Rates Strategist Hauke Siemßen argues that recent Oil-driven moves in Euro rates have given way to ECB-driven repricing. Comments from Kazimir and Schnabel have led forwards to discount a first 25 bp ECB rate hike by July, even as Commerzbank still forecasts no hikes this year.

Silver price (XAG/USD) pares its recent losses registered in the previous session, trading around $86.90 per troy ounce during the European hours on Thursday.

Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $86.84 per troy ounce, up 1.28% from the $85.74 it cost on Wednesday.

MUFG’s Senior Currency Analyst Lee Hardman notes the Japanese Yen has underperformed since the Middle East conflict, with USD/JPY back near year-to-date highs.

Philip Wee at DBS Group Research highlights that the Australian Dollar has outperformed in G10 despite the Iran conflict. He attributes AUD strength to Reserve Bank of Australia policy divergence and a firmly hawkish stance.

EUR/GBP rebounds on Thursday, with the Euro (EUR) gaining 0.08% against the Pound Sterling (GBP), hovering around 0.8632 at the time of writing.