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Australian Dollar loses traction as US launches self-defence strikes on southern Iran
The AUD/USD pair trades in negative territory around 0.7165 during the Asian trading hours on Tuesday. The Australian Dollar (AUD) declines against the US Dollar (USD) as renewed tensions between the US and Iran weigh on risk-sensitive currencies.
Fxstreet
Tue, May 26
Canadian Dollar consolidates around 1.3800 against USD as Mideast uncertainties persist
The USD/CAD pair extends its sideways consolidative price move for the second consecutive day and trades around the 1.3800 mark during the Asian session on Tuesday. Spot prices, however, remain close to the highest level since April 13, touched last week.
Fxstreet
Tue, May 26
British Pound softens below 1.3500 as renewed US-Iran tensions favour US Dollar
The GBP/USD pair loses ground to near 1.3495 during the early Asian session on Tuesday. The British Pound (GBP) softens against the US Dollar (USD) on weak underlying UK data and US-Iran peace deal uncertainty.
Fxstreet
Tue, May 26
Euro weakens amid US-Iran peace deal uncertainty
The EUR/USD pair trades in negative territory around 1.1635 during the early Asian session on Tuesday. The Euro (EUR) weakens against the US Dollar (USD) as uncertainty surrounding the US-Iran peace agreement boosts a safe-haven currency.
Fxstreet
Tue, May 26
British Pound rises toward 1.3500 as hopes for US-Iran deal improve market sentiment
The British Pound (GBP) strengthens against the US Dollar (USD) on Monday, with GBP/USD climbing toward the 1.3500 mark as improving optimism surrounding a possible US-Iran agreement boosts market sentiment and weighs on the Greenback.Fxstreet
Mon, May 25
Canadian Dollar firms against weaker US Dollar despite pressure from falling Oil prices
USD/CAD trades on the back foot on Monday, snapping a four-day winning streak as markets monitor evolving developments surrounding ongoing US-Iran negotiations. At the time of writing, the pair is trading around 1.3803 after easing from an intraday high near 1.3820.
Fxstreet
Mon, May 25
Forex Today: US Consumer Confidence next on tap amid geopolitical optimism
The Greenback has started the week on the back foot, receding to multi-week lows on the back of the generalised improvement in the risk complex, all in response to rising optimism on a potential US-Iran deal.Fxstreet
Mon, May 25
Euro rallies as Iran ceasefire hopes crush the US Dollar
The Euro advances during Monday’s session, up by 0.37% amid renewed hopes for an agreement between the US and Iran to extend the ceasefire by 60 days and discuss a deal regarding Iran’s uranium enrichment program. The EUR/USD trades at 1.1645 at the time of writing.
GBP/JPY Price Forecast: Bulls test 214.50 resistance as upside momentum improves
GBP/JPY trades with a positive bias on Monday as the British Pound (GBP) outperforms the Japanese Yen (JPY) amid improving market sentiment surrounding a potential US-Iran deal. At the time of writing, the cross is trading around 214.52, up 0.30% on the day.
Fxstreet
Mon, May 25
Canadian Dollar: Losses against US Dollar look limited – Scotiabank
Scotiabank’s Global FX Strategy team, including Shaun Osborne and Eric Theoret, notes that the Canadian Dollar is flat against the Dollar and underperforming other G10 currencies due to its differentiated risk profile.Fxstreet
Mon, May 25
Japanese Yen struggles for traction despite weaker US Dollar amid elevated Energy costs
USD/JPY consolidates on Monday after opening the week with a bearish gap as the US Dollar (USD) comes under pressure amid growing optimism that the United States (US) and Iran are moving closer toward a deal that could eventually reopen the Strait of Hormuz.GBP/USD Price Forecast: Holds onto gains near 1.3500 amid risk-on mood
The British Pound (GBP) clings to opening gains around 1.3500 against the US Dollar (USD) during the late European trading session on Monday. The GBP/USD pair trades higher as the market sentiment remains risk-on due to expectations that the United States (US) and Iran will reach a deal soon.Fxstreet
Mon, May 25
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