The U.S. dollar continued its early weakness against other major currencies in the Asian session on Thursday, as traders speculate a pause on rate cut following remarks by U.S. Federal Reserve Chair Jerome Powell.

European stocks are seen opening on a positive note Thursday as European leaders debate ways to ramp up sanctions against Iran.

The U.S. dollar weakened against other major currencies in the Asian session on Thursday.

Indian shares were up modestly in cautious trade on Thursday despite mixed global cues.

Foreign trade data from Switzerland and the current account from the euro area are the top economic news due on Thursday. At 2.00 am ET, Switzerland's customs office is slated to release foreign trade data for March.

Oil prices experienced a significant drop in the last session that was influenced by an accelerating build-up in U.S. crude inventories and concerns about oil demand.

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: The dollar pauses after a climb

Expert market comment made by senior analyst Alex Kuptsikevich of the FxPro Analyst Team: Bitcoin and Ethereum in the eye of the storm?

Stocks remain under pressure as Fedspeak and US data dent rate cuts chances; Dollar remains dominant against both the euro and the yen; UK inflation surprises on the upside; the pound tries to rally;• A plethora of Fed, ECB and BoE speakers to keep the market on its toes today

Bitcoin and Apple stocks dipped slightly; EUR/USD and gold-dollar prices remained stable. Sterling hit a 5-month low against the dollar due to UK unemployment data. Crypto.com plans significant hiring. Economic events include data releases from Japan, UK, Eurozone, Austria, and the US Federal Reserve.