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British Pound: Limited upside against US Dollar within range – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann report that GBP/USD volatility exceeded expectations, with the pair swinging between 1.3376 and 1.3463.
GBP/USD
Fxstreet
Thu, May 21
Indonesian Rupiah: Supported after jumbo BI hike – MUFG
MUFG’s Michael Wan highlights that Bank Indonesia (BI) surprised markets by raising the BI-Rate 50 basis points to 5.25%, the first hike since April 2024 and first 50bp move since November 2022.
Fxstreet
Thu, May 21
Equities: Risk-on rotation with Iran peace hopes – Danske Bank
Danske Research Team reports a strong risk-on session in equities, driven by optimism around a possible US–Iran deal and lower Oil prices. Cyclical growth and momentum outperformed, while defensives and energy lagged.
Fxstreet
Thu, May 21
Forex Today: Focus shifts to US-Iran talks, PMI data from major economies
Here is what you need to know on Thursday, May 21:
Fxstreet
Thu, May 21
Switzerland Industrial Production (YoY) below forecasts (0.5%) in 1Q: Actual (-7.1%)
Switzerland Industrial Production (YoY) below forecasts (0.5%) in 1Q: Actual (-7.1%)
Fxstreet
Thu, May 21
Euro: Downside focus against US Dollar tempered by rebound – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann maintain a cautious stance on EUR/USD after a dip to 1.1582 was followed by a strong rebound to 1.1644.
EUR/USD
Fxstreet
Thu, May 21
BoJ’s Koeda: Appropriate to deal with inflation with monetary policy
Bank of Japan (BoJ) Policy Board Member Junko Koeda said that it’s appropriate to deal with inflation with monetary policy, but there is some time before the June policy meeting, so the central bank will continue to look at any change in balance between price and growth risks, Reuters reported on Th
USD/JPY
Fxstreet
Thu, May 21
India HSBC Manufacturing PMI dipped from previous 54.7 to 54.3 in May
India HSBC Manufacturing PMI dipped from previous 54.7 to 54.3 in May
Fxstreet
Thu, May 21
India HSBC Services PMI climbed from previous 58.8 to 58.9 in May
India HSBC Services PMI climbed from previous 58.8 to 58.9 in May
Fxstreet
Thu, May 21
ECB’s Rehn: Raising rates may be needed in adverse scenario to maintain credibility
European Central Bank (ECB) official and Finnish Central Bank Governor Olli Rehn said that under adverse circumstances, it might be necessary to raise interest rates to maintain credibility, Reuters reported on Thursday.
Fxstreet
Thu, May 21
India HSBC Composite PMI: 58.1 (May) vs previous 58.2
India HSBC Composite PMI: 58.1 (May) vs previous 58.2
Fxstreet
Thu, May 21
New Zealand Dollar weakens despite stronger Trade Balance data
NZD/USD depreciates after registering 0.62% gains in the previous day, trading around 0.5860 during the Asian hours on Thursday.
NZD/USD
Fxstreet
Thu, May 21
54.3: India's HSBC Manufacturing PMI declines in May
The preliminary reading of India’s HSBC Manufacturing Purchasing Managers Index (PMI) declines to 54.3 in May versus 54.7 prior, the latest data published by S&P Global and HSBC Bank showed on Thursday.
Fxstreet
Thu, May 21
Netherlands, The Consumer Confidence Adj: -46 (May) vs previous -44
Netherlands, The Consumer Confidence Adj: -46 (May) vs previous -44
Fxstreet
Thu, May 21
Netherlands, The Unemployment Rate s.a (3M): 3.9% (April) vs previous 4%
Netherlands, The Unemployment Rate s.a (3M): 3.9% (April) vs previous 4%
Fxstreet
Thu, May 21
Australian Dollar remains subdued against Japanese Yen following labor data
AUD/JPY inches lower after registering over 0.5% gains in the previous day, trading around 113.60 during the Asian hours on Thursday. The currency cross remains subdued following the release of Australia’s labor market data.
AUD/JPY
Fxstreet
Thu, May 21
BoJ’s Koeda: Core inflation is already near 2%
Bank of Japan (BoJ) Policy Board Member Junko Koeda said on Thursday that Japan's core inflation rate has approached 2%. Koeda also highlighted the progress towards achieving the BoJ's inflation goal, which has been a key focus for policymakers in recent years.
USD/JPY
Fxstreet
Thu, May 21
Australia Consumer Inflation Expectations: 5.6% (May) vs previous 5.9%
Australia Consumer Inflation Expectations: 5.6% (May) vs previous 5.9%
AUD/USD
Fxstreet
Thu, May 21
Breaking: Australia’s Unemployment Rate climbs to 4.5% in April, vs 4.3% expected
Australia’s Unemployment Rate climbed to 4.5% in April from 4.3% in March, according to the official data released by the Australian Bureau of Statistics (ABS) on Thursday. The figure came in above the market consensus of 4.3%.
AUD/USD
Fxstreet
Thu, May 21
Australia Part-Time Employment increased to -7.9K in April from previous -34.6K
Australia Part-Time Employment increased to -7.9K in April from previous -34.6K
Fxstreet
Thu, May 21
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