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Canadian Dollar edges lower as rising US inflation bolster Fed rate hike outlook
The USD/CAD pair edges higher to around 1.3750 during the early European trading hours on Monday. The US Dollar (USD) extends its upside against the Canadian Dollar (CAD) as traders have largely priced out US interest rate cuts this year, while expectations for a hike have risen.
Fxstreet
Mon, May 18
Indian Rupee falls further as oil prices extend advance
The Indian Rupee (INR) extends its over-a-week-long downfall against the US Dollar (USD) at the start of the week. The USD/INR pair explores the uncharted territory and posts a fresh all-time high at 96.33, as a fresh upside move in oil prices has weakened the Indian Rupee further.
Fxstreet
Mon, May 18
Japanese Yen weakens to over two-week low vs USD on Iran tensions; USD/JPY retakes 159.00
The USD/JPY pair scales higher for the sixth consecutive day – also marking the seventh day of a positive move in the previous eight – and climbs to a two-and-a-half-week high during the Asian session on Monday.
Fxstreet
Mon, May 18
EUR/JPY Price Forecast: Gathers strength above 184.50, but remains capped below Bollinger midpoint
The EUR/JPY cross gathers strength to near 184.80, snapping the four-day losing streak during the early European trading hours on Monday. A hawkish tone from the European Central Bank (ECB) provides some support to the Euro (EUR) against the Japanese Yen (JPY).
Fxstreet
Mon, May 18
Euro declines as risk aversion, Fed rate hike odds increase
EUR/USD remains subdued for the sixth successive day, trading around 1.1620 during the Asian hours on Monday. The pair loses ground as the US Dollar (USD) rises on the US Federal Reserve (Fed) shifting toward a more aggressive policy stance on inflation.Fxstreet
Mon, May 18
Swiss Franc flatlines near multi-week low on Fed hike repricing
The USD/CHF pair holds steady near 0.7870 during the early European session on Monday. The pair currently trades near the highest since April 30, bolstered by a stronger US Dollar (USD). Traders will closely monitor the developments surrounding the US-Iran conflicts.
Fxstreet
Mon, May 18
AUD/JPY Price Forecast: Tests ascending triangle bottom near 113.00
AUD/JPY extends its losses for the third successive day, trading around 113.20 during the Asian hours on Monday. The technical analysis of the daily chart suggests a potential busted pattern or bearish failure as the currency cross is positioned on the lower trendline of an ascending triangle.
Fxstreet
Mon, May 18
British Pound seems vulnerable near 1.3300 vs USD on Iran tensions, UK political turmoil
The GBP/USD pair adds to last week's heavy losses and remains under some selling pressure for the fifth consecutive day on Monday. Spot prices drop to the 1.3300 mark, or the lowest level since April 8, during the Asian session and seem vulnerable amid a broadly firmer US Dollar (USD).Fxstreet
Mon, May 18
Australian Dollar Holds Steady Near 0.7150 Amid Rising Fed Hike Bets, Middle East Tensions
The AUD/USD pair trades on a flat note near 0.7150 during the early Asian session on Monday. The pair steadies after retreating from multi-year highs amid shifting US interest rate expectations and ongoing geopolitical tensions.
Fxstreet
Mon, May 18
Euro gains against British Pound amid rising UK leadership uncertainty
EUR/GBP climbs to near one-month highs on Friday as rising political uncertainty in the United Kingdom pressures the British Pound (GBP). At the time of writing, the cross is trading around 0.8726, on track for weekly gains.
Fxstreet
Fri, May 15
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