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British Pound declines as risk-off mood prevails on Middle East tensions
GBP/USD extends its losses for the second successive day, trading around 1.3390 during the Asian hours on Wednesday. The pair depreciates as the US Dollar (USD) receives support from increased risk aversion stemming from the Middle East conflict.
Fxstreet
Wed, May 20
EU Trade Negotiator’s Zovko says US-EU trade deal reached
European People’s Party lead trade negotiator Željana Zovko said that a deal between the United States (US) and the European Union (EU) was reached, Reuters reported on Wednesday. Zovko added that deal on US tariffs provides certainty for European firms
Fxstreet
Wed, May 20
Australian Dollar weakens below 0.7100 on Middle East uncertainties
The AUD/USD pair loses momentum to near 0.7095 during the early Asian trading hours on Wednesday. Geopolitical uncertainties and elevated crude oil prices weigh on the Australian Dollar (AUD) against the US Dollar (USD).
Fxstreet
Wed, May 20
Canadian Dollar languishes near five-week low vs USD as focus shifts to FOMC Minutes
The USD/CAD pair attracts some dip-buyers during the Asian session on Wednesday, stalling the previous day's late pullback from the 1.3775 region or the highest since mid-April. Spot prices currently trade just above mid-1.3700s and continue to draw support from a bullish US Dollar (USD).
Fxstreet
Wed, May 20
Euro steadies as Trump threatens to resume Iran strikes
EUR/USD moves little after posting modest losses in the previous day, hovering around 1.1600 during the Asian hours on Wednesday. The currency pair may experience further depreciation as the US Dollar (USD) gains ground due to increased risk aversion stemming from the Middle East conflict.Fxstreet
Wed, May 20
Euro Dives as US Yields Overpower ECB Hike Bets
EUR/USD drops near 1.1600 on Tuesday as the Greenback recovers some ground, supported by soaring US Treasury yields, even though ECB officials opened the door to rate hikes at the June meeting. The pair trades with losses of 0.48% at the time of writing.Fxstreet
Wed, May 20
Japanese Yen flatlines above 159.00 as intervention fears counter US–Iran tensions
The USD/JPY pair trades on a flat note around 159.05 during the early Asian session on Wednesday. The potential upside for the pair might be limited amid intervention fears from Japanese authorities. Traders continue to digest the latest headlines on US talks with Iran to end the war.
Fxstreet
Wed, May 20
Euro weakens as strong ADP data and Trump’s Iran comments boost US Dollar
The EUR/USD pair weakens toward the 1.1600 region on Tuesday as the United States (US) Dollar (USD) strengthens following solid labor-market data and rising Treasury yields, while mixed developments in the Eurozone limit support for the shared currency.Fxstreet
Tue, May 19
British Pound slides as US yields spike, UK jobs market cracks
The British Pound retreats by 0.31% during the North American session as the Greenback rises, underpinned by soaring US Treasury yields as investors price in a spike in inflation from the energy shock. The GBP/USD trades at 1.3392 after reaching a daily high of 1.3437.Fxstreet
Tue, May 19
Canadian Dollar gains against Euro despite softer domestic inflation data
The Euro (EUR) weakens against the Canadian Dollar (CAD) on Tuesday as rising Oil prices linked to the US-Iran conflict continue to support the commodity-linked Loonie, even as the latest Canadian inflation data came in softer than expected.
Fxstreet
Tue, May 19
Canadian Dollar: Downside risks persist against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) keeps a defensive tone as USD/CAD grinds higher despite firm domestic yields and crude. Their fair value estimate has slipped back toward 1.35, highlighting renewed overvaluation in the pair.Fxstreet
Tue, May 19
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