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Iran-US war remains in focus as Tehran hardens its rhetoric, Saudi pushes for de-escalation
Tensions between Iran and the United States (US) remain in focus after statements from Iranian and Saudi officials reported by Reuters highlighted both the risk of renewed confrontation and ongoing efforts to maintain diplomatic channels.Fxstreet
Wed, May 20
BoE’s Bailey: We have a softening picture for growth
Bank of England (BoE) Governor Andrew Bailey said that financial market tightening gives the central bank some time to assess whether to raise rates or leave them where they are. Bailey made the comments while speaking to the Treasury Committee on Wednesday.
Fxstreet
Wed, May 20
British Pound: Choppy range risks against Euro – Rabobank
Rabobank's Senior FX Strategist Jane Foley note that reduced expectations for aggressive Bank of England (BoE) tightening are weighing on the British Pound (GBP), even as recent United Kingdom (UK) labour and Consumer Price Index (CPI) data have eased market nerves.
Indonesian Rupiah: IDR supported by surprise BI hike – BNY
BNY’s Bob Savage highlights that Bank Indonesia (BI) surprised markets with a 50bp rate hike to 5.25% to stabilize the Rupiah (IDR). Governor Perry Warjiyo underscored intensified FX interventions and improved monetary tools to keep inflation within the 1.5–3.5% target for 2026–2027.Fxstreet
Wed, May 20
Euro remains stronger against Canadian Dollar as oil prices ease
EUR/CAD edges higher after posting modest losses in the previous day, trading around 1.5960 during the European hours on Wednesday. The currency cross holds ground as the commodity-linked Canadian Dollar (CAD) struggles amid lower oil prices.
Fxstreet
Wed, May 20
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