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EUR/USD Price Forecast: 1.1600 support holds as bearish momentum lingers
EUR/USD stages a modest rebound on Wednesday as a pullback in US Treasury yields limits further upside in the US Dollar (USD), while the Euro (EUR) draws support from the latest Eurozone inflation data, which strengthened expectations that the European Central Bank (ECB) could raise interest rates s
EUR/USD
Fxstreet
Wed, May 20
Australian Dollar rises ahead of key Australian employment data
The AUD/USD pair rose near the 0.7150 region on Wednesday as the United States (US) Dollar (USD) continued to strengthen following upbeat US labor market data from Tuesday. Traders now turn their attention to the upcoming Australian employment report.
AUD/USD
Fxstreet
Wed, May 20
Canadian Dollar remains pressured as hawkish Fed bets and Iran tensions support the US Dollar
USD/CAD trades with a mild upside bias on Wednesday, supported by a firmer US Dollar (USD), while a modest pullback in Crude Oil prices weighs slightly on the commodity-linked Canadian Dollar (CAD). At the time of writing, the pair is trading around 1.3760, hovering near one-month highs.
USD/CAD
Fxstreet
Wed, May 20
Canadian Dollar: Stays weak against US Dollar on soft CPI – Scotiabank
Scotiabank’s strategists Shaun Osborne and Eric Theoret report that USD/CAD is trading around 1.3773 as the Canadian Dollar (CAD) underperforms following a downside Consumer Price Index (CPI) surprise.
USD/CAD
Fxstreet
Wed, May 20
British Pound outperforms Euro as traders reassess ECB and BoE outlook after inflation data
The Euro (EUR) weakens against the British Pound (GBP) on Wednesday, with EUR/GBP extending losses for a third consecutive day as traders digest the latest inflation data from both the United Kingdom and the Eurozone.
EUR/GBP
Fxstreet
Wed, May 20
NZD/USD edges higher as safe-haven Dollar demand, steady PBoC rates limit gains
NZD/USD trades around 0.5850 on Wednesday at the time of writing, up 0.22% on the day. Despite the moderate gains, the New Zealand Dollar (NZD) upside remains limited as the US Dollar (USD) continues to benefit from defensive demand driven by geopolitical risks.
NZD/USD
Fxstreet
Wed, May 20
Japanese Yen: Losses hinge on 159.25 break – UOB
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann keep a mildly constructive stance on USD/JPY, expecting consolidation between 158.75 and 159.25 in the near term.
USD/JPY
Fxstreet
Wed, May 20
Japanese Yen : Intervention risks rise near 160 versus US Dollar – OCBC
OCBC’s Christopher Wong notes USD/JPY has pushed back toward 159, driven largely by US rates dynamics rather than domestic Japanese factors. He highlights rising intervention risk as the pair approaches the 160–161 zone, with officials signalling readiness to act against excessive FX moves.
USD/JPY
Fxstreet
Wed, May 20
Euro: Downside risks persists against US Dollar – ING
ING’s Francesco Pesole maintains a bearish bias on EUR/USD, noting markets have raised the bar for trading positive Middle East headlines. He highlights 1.1570 as key support and recalls the early-March break below 1.160.
EUR/USD
Fxstreet
Wed, May 20
Japanese Yen steadies as robust Japan growth, Fed hawkish risks offset
USD/JPY trades around 159.05 at the time of writing on Wednesday, virtually unchanged on the day, as investors balance several opposing factors surrounding the Japanese Yen (JPY) and the US Dollar (USD).
USD/JPY
Fxstreet
Wed, May 20
British Pound: Softer UK inflation weighs on Pound – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad reports GBP/USD is trading below 1.3400 after United Kingdom (UK) inflation undershot expectations, easing pressure on the Bank of England (BoE).
GBP/USD
Fxstreet
Wed, May 20
USD/CAD Price Forecast: Needs to sustain above 50% Fibo retracement to extend rally
The USD/CAD pair is up 0.2% to near 1.3772 during the European trading session on Wednesday. The Loonie pair reflects strength as the Canadian Dollar (CAD) underperforms its peers due to easing expectations that the Bank of Canada (BoC) will raise interest rates in the July policy meeting.
USD/CAD
Fxstreet
Wed, May 20
EUR/GBP Price Forecasts: Holds losses near 0.8655 after Eurozone, UK data
The Euro (EUR) nurses minor losses against the British Pound (GBP) on Wednesday, trading right above the 0.8655 support area, after losing nearly 0.7% so far this week.
EUR/GBP
Fxstreet
Wed, May 20
Germany 10-y Bond Auction: 3.16% vs 3.08%
Germany 10-y Bond Auction: 3.16% vs 3.08%
EUR/USD
Fxstreet
Wed, May 20
Australian Dollar recovers slightly; firm USD to cap the upside ahead of FOMC Minutes
The AUD/USD pair attracts some buyers following an intraday dip to the 0.7085 region on Wednesday and moves away from its lowest level since April 14, touched the previous day.
AUD/USD
Fxstreet
Wed, May 20
Eurozone Harmonized Index of Consumer Prices (MoM) meets forecasts (1%) in April
Eurozone Harmonized Index of Consumer Prices (MoM) meets forecasts (1%) in April
EUR/USD
Fxstreet
Wed, May 20
Eurozone Core Harmonized Index of Consumer Prices (MoM) remains unchanged at 0.9% in April
Eurozone Core Harmonized Index of Consumer Prices (MoM) remains unchanged at 0.9% in April
EUR/USD
Fxstreet
Wed, May 20
Eurozone Core Harmonized Index of Consumer Prices (YoY) meets expectations (2.2%) in April
Eurozone Core Harmonized Index of Consumer Prices (YoY) meets expectations (2.2%) in April
EUR/USD
Fxstreet
Wed, May 20
Eurozone Harmonized Index of Consumer Prices (YoY) meets forecasts (3%) in April
Eurozone Harmonized Index of Consumer Prices (YoY) meets forecasts (3%) in April
EUR/USD
Fxstreet
Wed, May 20
British Pound flatlines against the Japanese Yen, amid soft UK CPI data
The Pound (GBP) is trading practically flat against the Japanese Yen (JPY) on Wednesday, moving halfway through the last three weeks’ trading range, a few pips below 213.00.
GBP/JPY
Fxstreet
Wed, May 20
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