The EUR/USD pair posts modest losses near 1.1690 during the early European trading hours on Thursday. However, the US Federal Reserve's (Fed) dovish rate cut on Wednesday could weigh on the US Dollar (USD) against the Euro (EUR).

Gold prices fell in India on Thursday, according to data compiled by FXStreet.

The GBP/USD pair trades in negative territory near 1.3365 during the early European trading hours on Thursday, pressured by the rebound in the US Dollar (USD).

AUD/JPY slumps to around 103.50 during the early European session on Thursday. The Australian Dollar (AUD) softens against the Japanese Yen (JPY) following the release of mixed Australian employment data.

West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $57.95 per barrel, down from Wednesday’s close at $58.77.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $61.62 after its previous daily close at $62.46.

Here is what you need to know on Thursday, December 11:

The GBP/JPY cross attracts some dip-buyers in the vicinity of the 208.00 mark on Thursday, though it lacks follow-through and sticks to a negative bias through the early European session.

The Japanese Yen (JPY) stalls its intraday pullback against the rebounding US Dollar (USD) and trades with a mild positive bias during the first half of the European session on Thursday.

The Swiss National Bank (SNB) holds interest rates steady at 0%, as expected. Now investors await Chairman Martin Schlegel's upcoming press conference at 09:00 GMT, where they will be looking for fresh cues on the monetary policy outlook.

Gold (XAU/USD) recovers slightly from the vicinity of the $4,200 mark, though it sticks to its negative bias through the first half of the European session on Thursday.

The Indian Rupee (INR) faces intense selling pressure against the US Dollar (USD) in afternoon trading hours in India on Thursday. The USD/INR pair posts a fresh all-time high around 90.80 as the Indian Rupee slumps amid uncertainty surrounding trade talks between the United States (US) and India.

While responding to reporters in the press conference, after the Swiss National Bank (SNB) left interest rates steady at 0%, Chairman Martin Schlegel offered more details on the outlook of the economy and inflation.

The Swiss Franc is drawing support from the Swiss National Bank's (SNB), monetary policy decision.

Swiss National Bank (SNB) Vice Chairman Antoine Martin delivered optimistic remarks on the global economy after the monetary policy announcement in which the central bank held interest rates at 0%, as expected.

Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $62.00 per troy ounce, up 0.35% from the $61.78 it cost on Wednesday.

Chinese officials say in the Annual Central Economic Work Conference during the European trading hours on Thursday that the government is focused on maintaining the Chinese Yuan’s (CNY) exchange rate basically stable.

The AUD/USD pair is down 0.45% to near 0.6630 during the European trading session on Thursday. The Aussie pair faces intense selling pressure, following the release of the unexpectedly weak Australian employment data.

Silver (XAG/USD) sits comfortably above the $62.00 level on Thursday’s European trading session, with the all-time high of $62.89 at a short distance.

EUR/JPY trades around 182.40 on Thursday, unchanged on the day at the time of writing, as the fundamental backdrop remains balanced between stabilization in Europe and gradually rising tightening expectations in Japan.

The Pound Sterling (GBP) trades close to a fresh seven-week high around 1.3400 against the US Dollar (USD) on Thursday. The GBP/USD pair trades firmly as the US Dollar struggles to gain ground following the Federal Reserve’s (Fed) rate cut on Wednesday.