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Canadian Dollar: Bearish bias near 1.39 against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret notes that the Canadian Dollar (CAD) is soft against the US Dollar (USD), with USD/CAD trading near fresh local highs in an environment of mild risk aversion linked to renewed US/Iran tensions.
Fxstreet
Thu, May 28
South Korean Won: Hawkish BoK and undervaluation support – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports that USD/KRW has eased back toward 1500 after briefly trading above 1510, as the Bank of Korea (BoK) delivered a hawkish hold and signaled its next move is likely a hike.Fxstreet
Thu, May 28
Silver Price Forecast: XAG/USD recovers after US PCE data while bearish structure remains intact
Silver (XAG/USD) recovers on Thursday as the US Dollar (USD) eases following the latest US Personal Consumption Expenditures (PCE) data. At the time of writing, XAG/USD is trading around $734.11, rebounding after hitting a one-month low near $71.79 earlier in the day.
Fxstreet
Thu, May 28
GBP/USD Price Forecast: Resumes decline after facing selling pressure above 20-day EMA
The GBP/USD pair trades 0.2% lower to near 1.3400 during the European trading session on Thursday. The pair is broadly under pressure due to fears of a resumption of the Middle East war after the exchange of attacks between the United States (US) and Iran.
Japanese Yen: Approaching intervention zone against USD – Societe Generale
Societe Generale analysts note USD/JPY grinding towards 160 as widening 2-year UST/JGB spreads dominate over Oil moves for the Japanese Yen (JPY). The pair trades within 1% of the late-April intervention level, with markets assuming a 25 bp Bank of Japan (BoJ) hike in June.Fxstreet
Thu, May 28
Australian Dollar bounces off weekly low vs USD ahead of US PCE; not out of the woods yet
The AUD/USD pair shows some resilience below the 0.7100 mark and recovers a few pips following an intraday slide to a one-week low, touched earlier this Thursday. Spot prices trade around the 0.7120 region during the first half of the European session, still down for the second straight day.
Fxstreet
Thu, May 28
Euro: Risk-off pressure persists against US Dollar – Danske Bank
Danske Research Team notes that risk sentiment has deteriorated after fresh United States (US) strikes on Iran, pushing EUR/USD below 1.16. The team highlights that higher Oil prices and yields are weighing on broader risk assets.Fxstreet
Thu, May 28
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