USD/INR: Range trade after India trade data – Commerzbank

Commerzbank’s analysts report that India’s January trade deficit widened sharply to USD 34.7 billion, driven by a 349% surge in Gold imports as global prices rallied.

Metals: Import prices challenge bullish narrative – BNY

BNY’s EMEA Macro Strategist Geoff Yu highlights that industrial metals have failed to reclaim early-year highs and sees little macro support for a rebound.

Thailand: Policy cut case builds – UOB

UOB economists Enrico Tanuwidjaja and Sathit Talaengsatya expect the Bank of Thailand to cut the 1-day repurchase rate by 25 bps to 1.00% at the 25 February MPC meeting and see this as the terminal rate.

USD/CHF climbs to eight-session high as jobless claims plunge

The US Dollar extended its winning streak against the Swiss Franc on Thursday after Initial Jobless Claims fell sharply to 206K from a revised 229K the prior week, well below the 225K forecast.

PHP: Easing bias weighs on currency – ING

ING’s Deepali Bhargava notes that the Bangko Sentral ng Pilipinas (BSP) delivered a widely expected 25bp rate cut to 4.25%, but paired it with more cautious and uncertain guidance as growth remains softer than expected.