News
Important Only
Sterling set to end week higher with spending plans in focus
UK services sector activity expanded more than expectedUK spared further US tariffs on steel and aluminiumInvestors concerned about debt in developed marketsBy Johann M Cherian June 6 (Reuters) - Sterling was on track to finish the week higher on Friday, supported by a UK economy largely resilien...Reuters
Fri, Jun 6
USD/JPY: Likely to trade in a range of 142.95/144.40 – UOB Group
US Dollar (USD) is likely to trade in a range of 142.95/144.40 against Japanese Yen (JPY). In the longer run, price action suggests that USD is still trading in a range, most likely between 142.10 and 145.50, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Jun 6
EMERGING MARKETS-Emerging market FX set to end week near record highs
Emerging FX and stocks flat, set for weekly gainsRussian rouble down ahead of rate decisionIndian stocks rise after larger-than-expected rate cutBy Nikhil Sharma June 6 (Reuters) - Emerging market assets were set to close the week higher on Friday, supported by a weaker dollar, as investors navig...Reuters
Fri, Jun 6
RUB: Consensus has shifted towards rate cut – Commerzbank
The Central Bank of Russia's (CBR) had been expected to hold its key rate steady at today’s meeting. This had been a majority view among analysts, including ourselves, until recently, but as of late, the consensus majority has shifted in favour of a 100bp rate cut today.Fxstreet
Fri, Jun 6
AUD/USD: To test 0.6540 before pulling back – UOB Group
Australian Dollar (AUD) could first test 0.6540 against US Dollar (USD) before the risk of a pullback increases. In the longer run, bias remains on the upside, but it remains to be seen if AUD can break clearly above 0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Jun 6
NZD/USD Price Forecast: Rejection at 0.6080 brings 0.6000 back into play
New Zealand Dollar’s upside attempts were capped at 0.6180 on Thursday, and the pair is extending the reversal on Friday, against a somewhat firmer US Dollar, which brings the 0.6000 support area back into focus.The Greenback is trimming some losses with investors unwinding their USD shorts, after aFxstreet
Fri, Jun 6
ANALYSIS-Why Switzerland's strong franc could lead it back to negative interest rates
Rising speculation that Swiss rates may turn negative Other big central banks unlikely to follow, analysts sayNon-US central banks battling FX strengthUS puts Switzerland on watchlist for unfair currency practicesBy Amanda Cooper and Naomi Rovnick LONDON, June 6 (Reuters) - Switzerland could be t...Reuters
Fri, Jun 6
China's yuan slips to 2-year low versus peers after Trump-Xi call leaves issues unresolved
Trump and Xi hold call but leave key issues unresolvedInvestors remain skeptical of a Sino-US trade deal, analyst saysYuan eases as sentiment fails to be lifted, trader saysYuan's value against its trading partners falls to a near 2-year lowMarket attention switches to key economic data releases...Reuters
Fri, Jun 6
