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Japanese Yen : Recovery against US Dollar faces resistance near 158.30 – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann note USD/JPY remains underpinned after a volatile session that saw a spike to 157.76 and a brief drop to 157.04 before closing at 157.61. Intraday, the pair could edge higher but is expected to stay below 157.95.
Fxstreet
Wed, May 13
Euro softens against British Pound ahead of Eurozone GDP data
The EUR/GBP cross loses momentum to near 0.8660 during the early European trading hours on Wednesday. The Euro (EUR) weakens against the British Pound (GBP) due to fears over the Eurozone's economic exposure to energy shocks from the Middle East and stalled US-Iran peace negotiations.Fxstreet
Wed, May 13
AUD/JPY Price Forecast: Holds steady above 114.00, bullish trend stays intact above key support
The AUD/JPY cross holds steady near 114.10 during the early European session on Wednesday. Traders prefer to wait on the sidelines ahead of the meeting between US President Donald Trump and Chinese President Xi Jinping in Beijing on Thursday and Friday.
Fxstreet
Wed, May 13
Australian Dollar edges higher to near 0.7250 on hawkish RBA tone, eyes on US PPI data
The AUD/USD pair gains ground to around 0.7240 during the Asian trading hours on Wednesday. The Australian Dollar (AUD) strengthens against the US Dollar (USD) amid a hawkish stance from the Reserve Bank of Australia (RBA).Fxstreet
Wed, May 13
Canadian Dollar flat lines near 1.3700 amid hot US CPI inflation, US-Iran tensions
The USD/CAD pair trades on a flat note near 1.3695 during the early Asian trading hours on Wednesday. Traders continue to assess hot US inflation data and ongoing tensions in the Middle East. The US April Producer Price Index (PPI) report will take center stage later on Wednesday.Featured Tools
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