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Canadian Dollar hits fresh monthly lows as the US Dollar rallies in risk-off markets
The Canadian Dollar (CAD) extends losses against the US Dollar (USD) for the fourth consecutive day on Friday, with the USD/CAD pair trading in the mid-range of the 1.3700s after rallying about 0.5% so far this week.
Fxstreet
Fri, May 15
Swiss Franc slides as resilient US data and Swiss deflation pressure CHF
USD/CHF extends its advance for the fourth consecutive day on Friday and trades around 0.7850 at the time of writing, up 0.15% on the day. The pair benefits from the rebound in the US Dollar (USD), supported by resilient US economic data and renewed risk-off sentiment across markets.
Fxstreet
Fri, May 15
Euro: Breaks below key averages against US Dollar – Societe Generale
Societe Generale analysts report EUR/USD has fallen to its lowest level since early April as wider UST/Bund spreads and higher energy prices weigh on the Euro (EUR). The pair has broken below its 50- and 200-day moving averages, with support cited at 1.1560 and resistance at 1.1720.Fxstreet
Fri, May 15
GBP/JPY Price Forecast: Struggles below 212.00 as bears look to seize control
The GBP/JPY cross attracts some follow-through selling for the second consecutive day and drops to a one-and-a-half-week low during the early European session on Friday. Spot prices, however, rebounded a few pips in the last hour and currently trade near the 211.75 region, down 0.25% for the day.
Fxstreet
Fri, May 15
British Pound dives to five-week lows below 1.3350 as UK political crisis deepens
The British Pound (GBP) extends losses against the US Dollar (USD) for the fourth consecutive day on Thursday, trading at 1.3337 at the time of writing, as the crisis in the UK cabinet deepens, fuelling concerns about a power vacuum that might trigger another fiscal crisis.
Fxstreet
Fri, May 15
EUR/JPY Price Forecast: Slips below 184.50 near the confluence around descending wedge top
EUR/JPY continues its losing streak for the fourth successive day, trading around 184.40 during the European hours on Friday. The technical analysis of the daily chart indicates the currency cross is positioned slightly below the upper boundary of an emerging descending wedge pattern.
Fxstreet
Fri, May 15
USD/CHF Price Forecast: Advances to two-week high to test 0.7865 confluence on bullish USD
The USD/CHF pair prolongs its weekly uptrend for the fifth consecutive day on Friday and touches over a two-week high, near the 0.7860-0.7865 region during the early European session amid a broadly firmer US Dollar (USD).Fxstreet
Fri, May 15
Turkish Lira: Reserve drain and inflation risks – Commerzbank
Commerzbank’s Tatha Ghose flags a sharp March deterioration in Turkey’s balance of payments, with a near-doubling of the current-account deficit, heavy capital outflows and a record drop in official reserves. The bank argues underlying vulnerabilities predated the Iran conflict.
Fxstreet
Fri, May 15
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