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Euro: Conflict risks keep pressure against US Dollar – Commerzbank
Commerzbank’s Volkmar Baur notes that EUR/USD has fallen to around 1.16 as markets now price a higher probability of a Fed rate hike by year-end while expecting the European Central Bank (ECB) to react less to inflation.
Fxstreet
Fri, May 22
British Pound holds losses below 1.3450 on disappointing UK Retail Sales data
The GBP/USD pair declines to near 1.3420 during the early European trading hours on Friday. The British Pound (GBP) remains weak against the US Dollar (USD) following the worse-than-expected UK economic data.Fxstreet
Fri, May 22
Euro edges lower to near 1.1600 on US-Iran peace deal uncertainty
The EUR/USD pair trades with mild losses around 1.1615 during the early European trading hours on Friday. The Euro (EUR) remains weak against the US Dollar (USD) amid mixed headlines surrounding the US-Iran peace deal.Fxstreet
Fri, May 22
Australian Dollar edges lower below 0.7150 as weak jobs data curb RBA hike bets
The AUD/USD pair loses ground to near 0.7140 during the Asian trading hours on Friday. The Australian Dollar (AUD) weakens against the US Dollar (USD) as a rise in Australia’s jobless rate will give the Australian central bank more reason to delay another interest rate hike at the June meeting.Fxstreet
Fri, May 22
Euro struggles as rising hawkish Fed tone lifts USD
EUR/USD remains subdued for the second successive day, trading around 1.1610 during the Asian hours on Friday. The pair depreciates as the US Dollar (USD) remains firm, supported by rising odds of hawkish sentiment surrounding the Federal Reserve (Fed) policy stance.Fxstreet
Fri, May 22
Canadian Dollar declines as oil prices ease on rising US-Iran peace hopes
USD/CAD gains ground for the fourth consecutive day, trading around 1.3790 during the Asian hours on Friday. The pair appreciates as the commodity-linked Canadian Dollar (CAD) struggles amid lower oil prices, given Canada’s status as the largest crude exporter to the United States (US).
Fxstreet
Fri, May 22
Japanese Yen weakens on soft Japan CPI inflation data
The USD/JPY pair gains ground to around 159.10 during the early Asian session on Friday. Softer Japan inflation data weighs on the Japanese Yen (JPY) against the US Dollar (USD). The US May Michigan Consumer Sentiment Index report will be released later on Friday.
Fxstreet
Fri, May 22
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