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USD/CHF Price Forecast: Looks to extend gains beyond 0.7900, three-week top on firmer USD
The USD/CHF pair attracts some follow-through buyers for the second straight day and retests the three-week top during the early European session on Wednesday. Spot prices now look to build on over one-week-old uptrend further beyond the 0.7900 mark amid a bullish US Dollar (USD).
Fxstreet
Wed, May 20
Indian Rupee declines due to compounding pressure from higher oil prices, Treasury yields
The Indian Rupee (INR) continues to underperform against the US Dollar (USD) on Wednesday, trading close to its fresh all-time lows. The USD/INR pair holds onto gains near 97.00 as elevated oil prices due to fears of a prolonged closure of the Strait of Hormuz remain a key drag on the Indian Rupee.Fxstreet
Wed, May 20
AUD/JPY Price Forecast: Loses ground below 113.00, bullish vibe remains intact
The AUD/JPY cross loses traction to around 112.90 during the early European session on Wednesday. Japan's stronger-than-expected Gross Domestic Product (GDP) growth data for the first quarter (Q1) underpins the Japanese Yen (JPY) against the Australian Dollar (AUD).
Fxstreet
Wed, May 20
EUR/JPY Price Forecast: Slips below moving averages, 184.50
EUR/JPY loses ground for the second successive day, trading around 184.30 during the Asian hours on Wednesday. The technical analysis of the daily chart indicates the currency cross is remaining slightly below the upper boundary of an emerging descending wedge pattern.
Fxstreet
Wed, May 20
New Zealand Dollar declines below 0.5850, PBOC leaves lending benchmarks unchanged
The NZD/USD pair declines to around 0.5820 during the Asian trading hours on Wednesday. The US Dollar (USD) strengthens against the New Zealand Dollar (NZD) on rising tensions in the Middle East and a higher-for-longer Federal Reserve (Fed) interest rate stance.
Fxstreet
Wed, May 20
British Pound declines as risk-off mood prevails on Middle East tensions
GBP/USD extends its losses for the second successive day, trading around 1.3390 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) receives support from increased risk aversion stemming from the Middle East conflict.Fxstreet
Wed, May 20
EU Trade Negotiator’s Zovko says US-EU trade deal reached
European People’s Party lead trade negotiator Željana Zovko said that a deal between the United States (US) and the European Union (EU) was reached, Reuters reported on Wednesday. Zovko added that deal on US tariffs provides certainty for European firmsFxstreet
Wed, May 20
Australian Dollar weakens below 0.7100 on Middle East uncertainties
The AUD/USD pair loses momentum to near 0.7095 during the early Asian trading hours on Wednesday. Geopolitical uncertainties and elevated crude oil prices weigh on the Australian Dollar (AUD) against the US Dollar (USD).Fxstreet
Wed, May 20
Canadian Dollar languishes near five-week low vs USD as focus shifts to FOMC Minutes
The USD/CAD pair attracts some dip-buyers during the Asian session on Wednesday, stalling the previous day's late pullback from the 1.3775 region or the highest since mid-April. Spot prices currently trade just above mid-1.3700s and continue to draw support from a bullish US Dollar (USD).Fxstreet
Wed, May 20
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