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GBP/USD remains below 1.3550 as US Dollar recovers ground, signals a technical correction
GBP/USD retraces its recent gains from the previous session, trading around 1.3550 during the Asian hours on Thursday. The pair depreciates as the US Dollar (USD) gains ground amid a technical correction.
Fxstreet
Thu, Jun 5
EUR/JPY Price Forecast: Retains bullish bias above 163.00
The EUR/JPY cross edges higher to around 163.15 during the Asian trading hours on Thursday. The Japanese Yen (JPY) softens against the Euro (EUR) amid the expectation that the next interest rate hike by the Bank of Japan (BoJ) will not come soon.
Fxstreet
Thu, Jun 5
FOREX-Dollar feeble on soft economic data, trade uncertainties
Weak economic data, trade uncertainties weigh on dollar Euro steady ahead of expected ECB rate cut Investors await Trump-Xi call, trade deals Dollar weakness to remain - Reuters pollBy Ankur Banerjee SINGAPORE, June 5 (Reuters) - The dollar drifted in muted trading on Thursday after weak U.S. eco...Reuters
Thu, Jun 5
USD/MXN Price Forecast: Finds resistance around 19.20 ahead of nine-day EMA
USD/MXN inches higher after registering losses in the previous session, trading around 19.20 during the Asian hours on Thursday. The daily chart’s technical analysis suggests a prevailing bearish bias, with the pair consolidating within a descending channel pattern.
Fxstreet
Thu, Jun 5
Aussie little troubled by soft data, kiwi eyes 7-month top
SYDNEY, June 5 (Reuters) - The Australian dollar was little troubled by soft data on Thursday as fears of a tariff-induced slowdown in the U.S. lifted Treasuries and dragged down the greenback, while the kiwi was perched within a whisker of a seven-month high.The Aussie AUD=D3 was flat at $0.6493, h...Reuters
Thu, Jun 5
China's yuan holds firm as traders await US-China talks
HONG KONG, June 5 (Reuters) - China's yuan hovered around its strongest level against the U.S. dollar in nearly two weeks on Thursday, buoyed by persistent weakness in the greenback as markets awaited further clarity on trade negotiations and potential tariff developments.The yuan CNY=CFXS eased...Reuters
Thu, Jun 5
USD/CAD Price Forecast: More downside towards 1.3600 looks likely
The USD/CAD pair appears vulnerable near an over eight-month low, slightly above 1.3650 during Asian trading hours on Thursday. The Loonie pair stays under pressure as the US Dollar (USD) remains on backfoot amid renewed United States (US) stagflation risks and trade uncertainty.
Fxstreet
Thu, Jun 5
EUR/USD trades cautiously around 1.1400 ahead of ECB’s interest rate policy
The EUR/USD pair trades with caution, slightly above the key level of 1.1400 during Asian trading hours on Thursday. The major currency pair is expected to remain sideways, with investors awaiting the European Central Bank's (ECB) interest rate decision announcement at 12:15 GMT.
Fxstreet
Thu, Jun 5
Australian Dollar holds ground following Trade Balance, China Services PMI data
The Australian Dollar (AUD) extends its gains for the second successive session against the US Dollar (USD) on Thursday. The AUD/USD pair remains stronger following the release of domestic trade balance and China’s Caixin Services Purchasing Managers’ Index (PMI) data.
Fxstreet
Thu, Jun 5
FOREX-Dollar frail on weak economic data, trade uncertainty lingers
Weak economic data, trade uncertainties drag dollar downEuro steady ahead of expected ECB rate cut Investors await Trump-Xi call, trade deals Dollar weakness to remain - Reuters pollBy Ankur Banerjee SINGAPORE, June 5 (Reuters) - The dollar softened on Thursday, stuck near six-week lows after wea...Reuters
Thu, Jun 5
NZD/USD extends upside above 0.6000 on weaker US data
The NZD/USD pair extends the rally to around 0.6035 during the early Asian session on Thursday. The US Dollar (USD) softens against the New Zealand Dollar (NZD) due to the concern over mounting economic and political uncertainty in the US economy.Fxstreet
Thu, Jun 5
