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Euro weakens below 1.1650 as US military carries out new strikes in Iran
The EUR/USD pair trades in negative territory around 1.1620 during the early Asian session on Thursday. Escalating tensions between the United States (US) and Iran continue to weigh on riskier assets, such as the Euro (EUR), against the US Dollar (USD).
EUR/USD
Fxstreet
Thu, May 28
Yen erases the rescue as carry math wins out
The Bank of Japan (BoJ) and Ministry of Finance bought themselves three weeks of breathing room.
USD/JPY
Fxstreet
Wed, May 27
Pound Sterling sleepwalks toward Bailey, not PCE
Sterling traders are spending the week parsing the wrong calendar.
GBP/USD
Fxstreet
Wed, May 27
Aussie cracks as cool CPI meets a stubborn Kiwi
The Aussie Dollar finally tripped on Wednesday, dropping nearly 2% against the New Zealand Dollar. AUD/NZD had been grinding to generational highs near 1.2300, fuelled by a story of relative central bank divergence that always looked a little overcooked.
AUD/NZD
Fxstreet
Wed, May 27
AUD/USD Price Forecast: Sellers eye 0.7100 support as momentum indicators weaken
AUD/USD attracts sellers on Wednesday as softer-than-expected Australian inflation data weighs on the Australian Dollar (AUD), while persistent uncertainty surrounding a potential US-Iran peace deal keeps the US Dollar (USD) supported.
AUD/USD
US Dollar Index
Fxstreet
Wed, May 27
British Pound weakens against US Dollar amid conflicting US-Iran headlines
The British Pound edges lower against the US Dollar as cautious market sentiment surrounding US-Iran talks supports the Greenback. At the time of writing, GBP/USD is trading around 1.3429, remaining on the back foot for a second straight day.
GBP/USD
Fxstreet
Wed, May 27
Euro rises as traders expect US-Iran deal soon, USD slips
The Euro advances by 0.21% on Wednesday as risk appetite improves on news that Iran presented a draft framework to the US to end the conflict, which was cheered by financial markets. At the time of writing, the EUR/USD trades at 1.1649 after bouncing off daily lows of 1.1623.
EUR/USD
Fxstreet
Wed, May 27
New Zealand Dollar: Hawkish RBNZ underpins range trade against USD – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights New Zealand Dollar (NZD) outperformance after a hawkish hold from the Reserve Bank of New Zealand (RBNZ).
NZD/USD
Fxstreet
Wed, May 27
Canadian Dollar: Bullish momentum targets 1.3900 against US Dollar – Scotiabank
Scotiabank’s Analyst Team notes the Canadian Dollar (CAD) is slightly weaker versus the US Dollar (USD), extending losses to levels last seen in mid-April as wider US-Canada yield spreads weigh.
USD/CAD
Fxstreet
Wed, May 27
Japanese Yen: BoJ flags complex oil shock risks – BNY
Bob Savage notes that BoJ Governor Kazuo Ueda frames current oil price shocks as a broad test of Japan’s inflation regime, amplified by Yen weakness and cost pressures.
USD/JPY
Fxstreet
Wed, May 27
Canadian Dollar declines as falling crude prices overshadow weaker US Dollar
USD/CAD gains traction on Wednesday as easing Oil prices pressure the Canadian Dollar, offsetting the impact of a softer US Dollar as traders digest fresh headlines surrounding a potential US-Iran peace deal. At the time of writing, the pair is trading around 1.3834, hovering near six-week highs.
USD/CAD
Brent
US Dollar Index
Fxstreet
Wed, May 27
Euro: Limited downside against US Dollar with ECB hike message – MUFG
MUFG’s Derek Halpenny says rising European yields reflect expectations that the ECB will deliver a 25bp rate hike on 11 June, with baseline inflation projections set to be revised higher.
EUR/USD
Fxstreet
Wed, May 27
BoC diverges from the Fed: Why the Canadian Dollar is lagging other G10 currencies
The Canadian Dollar (CAD) is experiencing a period of relative stagnation against the US Dollar (USD), failing to match the upward momentum seen across other major G10 currencies.
USD/CAD
Fxstreet
Wed, May 27
New Zealand Dollar: RBNZ hawkish hold supports Kiwi – BNY
BNY’s Bob Savage highlights that the Reserve Bank of New Zealand (RBNZ) kept the Official Cash Rate (OCR) at 2.25% in a split decision but delivered a hawkish message, lifting its OCR path and inflation projections.
NZD/USD
Fxstreet
Wed, May 27
Australian Dollar: Softer CPI complicates hike odds – TD Securities
TD Securities’ Global Rates, FX & Commodities Strategy team reviews April Australian CPI, noting headline inflation undershot consensus while the trimmed mean matched expectations.
AUD/USD
Fxstreet
Wed, May 27
New Zealand Dollar rallies after RBNZ delivers hawkish hold amid softer US Dollar
The New Zealand Dollar (NZD) strengthens against the US Dollar (USD) on Wednesday after the Reserve Bank of New Zealand (RBNZ) delivered a hawkish hold at its latest monetary policy meeting, signaling that the Official Cash Rate (OCR) will likely need to rise sooner and by more than projected in the
NZD/USD
US Dollar Index
Fxstreet
Wed, May 27
Swedish Krona: SEK resilience under Iran risk – Commerzbank
Commerzbank’s Antje Praefcke highlights Riksbank member Per Jansson’s argument that weaker demand, higher policy rates and softer inflation allow Sweden to wait and see despite the Iran-related energy shock.
EUR/SEK
USD/SEK
Fxstreet
Wed, May 27
Brazil Mid-month Inflation came in at 0.62%, above expectations (0.53%) in May
Brazil Mid-month Inflation came in at 0.62%, above expectations (0.53%) in May
Fxstreet
Wed, May 27
1.20 in sight: Why narrowing rate differentials are dragging AUD/NZD lower
The Australian Dollar (AUD) strength against the New Zealand Dollar (NZD) may be about to reverse.
AUD/NZD
Fxstreet
Wed, May 27
Euro: Gains capped against US Dollar by Fed story – ING
ING’s Chris Turner notes EUR/USD remains sluggish despite progress toward a US–Iran agreement that could reopen the Strait of Hormuz and despite hawkish ECB commentary from Philip Lane and Isabel Schnabel.
EUR/USD
Fxstreet
Wed, May 27
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