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Euro slips as Hormuz firefight revives US Dollar demand
The Euro loses ground during the North American session amid rising tensions in the Middle East, as the US and Iran exchanged fire near the Strait of Hormuz, while negotiations continued. At the time of writing, the EUR/USD trades at 1.1622, down 0.15%.
Fxstreet
Tue, May 26
Canadian Dollar gains support from rising Oil prices as USD/CAD trims intraday gains
USD/CAD reverses earlier intraday gains on Tuesday, with the Canadian Dollar (CAD) drawing support from rising Oil prices and offsetting broader US Dollar (USD) strength. At the time of writing, the pair is trading around 1.3800 after hitting an intraday high near 1.3821 earlier in the day.
Fxstreet
Tue, May 26
Japanese Yen: Stablisation seen as BoJ tightens gradually – BNP Paribas
BNP Paribas expects Japan’s GDP growth to slow to 0.5% in 2026 from 1.1% in 2025 as higher inflation and production costs weigh on activity. The Bank of Japan is projected to continue normalising policy, with a 25 bp hike in Q2 2026 and a terminal rate of 2.0% by end-2027.
Fxstreet
Tue, May 26
Canadian Dollar: Range signals possible reversal against US Dollar – Scotiabank
Scotiabank analysts Shaun Osborne and Eric Theoret note that the Canadian Dollar (CAD) is steady against the US Dollar (USD) near 1.3800, with fair value for USD/CAD estimated at 1.3672. They highlight that technicals are showing a stalled rally near the 200-day moving average.Fxstreet
Tue, May 26
Australian Dollar: Upside capped versus USD as positioning stretches – MUFG
MUFG analysts argue that the Australian Dollar’s strong run versus the US Dollar is losing momentum. They highlight limited further upside for AUD/USD as global risk appetite cools, China slows and Reserve Bank of Australia (RBA) policy takes a backseat to rising US yields.
Fxstreet
Tue, May 26
Euro: Downside risks against US Dollar despite ECB hike odds – BBH
Brown Brothers Harriman's (BBH) Elias Haddad notes EUR/USD is consolidating above 1.1600 with resistance at 1.1682, near the 200-day moving average, as European Central Bank's (ECB) Schnabel signals a June rate hike.Fxstreet
Tue, May 26
British Pound: Stabilisation expected with higher gilts – BNP Paribas
BNP Paribas expects the United Kingdom economy to slow in 2026, with growth at 0.7% after 1.4% in 2025 and renewed inflation pressures from the Iran conflict. Monetary policy is projected to tighten by 50 basis points in 2026, keeping 10-year gilt yields elevated.
Fxstreet
Tue, May 26
Japanese Yen: Bearish bias persist versus US Dollar – UOB
UOB’s Quek Ser Leang and Lee Sue Ann note that USD/JPY has stalled into sideways trade after failing to extend losses, with intraday momentum indicators flat. On a 1–3 week view, they still hold a positive US Dollar (USD) bias above strong support, but acknowledge slowing upside momentum.Fxstreet
Tue, May 26
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