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AUD/USD Price Forecast: Near-term bias turns bearish as correction extends below 20-day EMA
The AUD/USD pair trades 0.8% lower to near 0.7160 against the US Dollar (USD) during the European trading session on Friday. The Aussie pair faces intense selling pressure as the US Dollar outperforms its peers amid a significant surge in US Treasury yields.
Fxstreet
Fri, May 15
British Pound: Political strain weighs on Sterling – Commerzbank
Commerzbank’s Michael Pfister highlights mounting political turmoil in the United Kingdom (UK), with resignations and leadership speculation tightening pressure on Prime Minister Keir Starmer. He sees rising uncertainty over future fiscal policy as negative for the Pound (GBP).
Canadian Dollar declines to near 1.3750 as Trump–Xi summit supports US Dollar
The USD/CAD pair gathers strength to around 1.3755 during the early European trading hours on Friday. The pair is set for its largest weekly gain in more than two months, as rising energy prices stoked inflationary pressures, boosting expectations of a Federal Reserve (Fed) rate hike this year.
Fxstreet
Fri, May 15
AUD/JPY Price Forecast: Slips to near 114.00, but maintains bullish structure above 100-day average
The AUD/JPY cross trades in negative territory around 114.00 during the early European session on Friday. The China-proxy Australian Dollar (AUD) softens against the Japanese Yen (JPY) amid the lack of progress to open the Strait of Hormuz.
Fxstreet
Fri, May 15
British Pound hangs near one-week low vs JPY; seems vulnerable below 212.00/100-day SMA
The GBP/JPY cross drifts lower for the second consecutive day – also marking the third day of a negative move in the previous three – and slides below the 212.00 mark, hitting a one-and-a-half-week low during the Asian session on Friday.
Fxstreet
Fri, May 15
British Pound declines to near 1.3350 amid UK political uncertainty
The GBP/USD pair faces some selling pressure near 1.3365 during the Asian trading hours on Friday. The British Pound (GBP) weakens against the US Dollar (USD) amid political uncertainty in the United Kingdom (UK) and risk-off sentiment.Fxstreet
Fri, May 15
Australian Dollar softens to near 0.7200 as Trump and Xi set for second day of talks
The AUD/USD pair attracts some sellers to near 0.7205 during the early Asian trading hours on Friday. Markets remain cautious ahead of the second day meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing on Friday.Fxstreet
Fri, May 15
Pound Sterling Breaks Down as Labour Turmoil Overshadows Stronger UK GDP Data
GBP/USD fell 0.9% on Thursday, breaking below 1.3500 in a sharp staircase decline from session highs to a low close to 1.3395. The move extended a multi-week downtrend from the early-March peak, with bearish momentum building through the European afternoon. The daily candle closed near session lows.Fxstreet
Fri, May 15
New Zealand Dollar slips to fresh session lows ahead of PMI and PPI releases
NZD/USD slipped 0.4% on Thursday, drifting lower through the session to close at fresh daily lows. The pair has been confined to a broad range in recent weeks, unable to retest the early-March peak near 0.6120.
Fxstreet
Thu, May 14
Australian Dollar slipped from four-year highs ahead of RBA minutes and China data
AUD/USD eased 0.5% on Thursday, pulling back from four-year highs as the session drifted steadily lower through the afternoon. The pair had been pressing against the 0.7280 area, the strongest territory since June 2022, and bullish momentum waned after the recent run higher.Fxstreet
Thu, May 14
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