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Euro weakens as Canadian Dollar receives support from higher oil prices
EUR/CAD pares its recent gains from the previous day, trading around 1.6000 during the European hours on Tuesday. The currency cross depreciates as the commodity-linked Canadian Dollar (CAD) holds ground against the Euro (EUR) due to higher oil prices.
Fxstreet
Tue, May 19
BoE: Softer labour market data shape rate path – Nomura
Nomura’s Josie Anderson, George Buckley, Andrzej Szczepaniak and David Seif highlight a softer UK labour market, with falling payrolls, rising unemployment and weaker vacancies. They stress that labour data lag the Iran war shock, but see current softness as the starting point.Fxstreet
Tue, May 19
US Dollar: Market weighs escalation risks and Fed path – Commerzbank
Commerzbank’s Antje Praefcke notes that rising Oil prices linked to renewed Middle East tensions are lifting US inflation and pushing back expectations for Fed rate cuts, with markets even contemplating a hike by mid‑2027.Fxstreet
Tue, May 19
Iran: Lifting sanctions, release of frozen funds, ending US blockade include in new proposal
According to the Islamic Republic News Agency (IRNA), Iran's deputy foreign minister said on Tuesday that lifting sanctions, releasing frozen funds, and ending the United States (US) blockade are major demands included in Iran's recent proposal to the US.Fxstreet
Tue, May 19
United Kingdom Unemployment Rate rises to 5.0% in March vs. 4.9% expected
The United Kingdom’s (UK) ILO Unemployment Rate rose to 5.0% in the three months to March after reporting 4.9% in the previous reading, data published by the Office for National Statistics (ONS) showed on Tuesday.
Fxstreet
Tue, May 19
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