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Australian Dollar's hawkish trade is getting crowded
The Australian Dollar found a floor at the 0.7120 level in the early European session on Monday and ground its way back toward 0.7180 by mid-afternoon, helped along by a softer US Dollar and a modest improvement in the risk tone.
Fxstreet
Mon, May 18
Euro rises as Trump delays Iran strike, USD weakens
The Euro advances late in the North American session, up by 0.26% amid a volatile session characterized by geopolitical headlines and broad US Dollar weakness across the board. At the time of writing, the EUR/USD pair trades at 1.1654 after bouncing off daily lows of 1.1608.
Fxstreet
Mon, May 18
NZD/USD gains as weaker US Dollar offsets cautious US-Iran headlines
The NZD/USD starts the session near the 0.5880 region on Tuesday as the US Dollar (USD) weakens amid shifting Federal Reserve (Fed) expectations and mixed developments surrounding negotiations between the US and Iran.
Fxstreet
Mon, May 18
British Pound rises as Burnham reassures, Starmer pressure mounts
The British Pound extended its gains on Monday as political pressure over Prime Minister (PM) Keir Starmer increased. At the same time, Andy Burnham—the challenger to succeed Starmer—ruled out changing Chancellor Reeves’ fiscal rules if he becomes PM.
Fxstreet
Mon, May 18
Canadian Dollar edges slightly higher as traders await CPI and FOMC minutes
USD/CAD trades around 1.3740 on Monday at the time of writing, down modestly by 0.05% on the day. The pullback in the US Dollar (USD) against its major peers is weighing on the pair after signs of easing geopolitical tensions in the Middle East.
Fxstreet
Mon, May 18
Japanese Yen: Intervention threat capping losses versus US Dollar – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad notes Japan is close to the global ‘danger zone’ in bonds as more JGB issuance is planned to fund additional spending. Prime Minister Sanae Takaichi has called for a supplementary budget to offset higher commodity prices linked to the Iran war.Fxstreet
Mon, May 18
AUD/USD: Momentum points to break of 0.7100 – UOB
United Overseas Bank's (UOB) Quek Ser Leang and Lee Sue Ann turn more negative on AUD/USD after a sharp sell-off toward 0.7140. They now sees a real chance of testing and breaking the major 0.7100 support, with 0.7065 as the next downside level.Fxstreet
Mon, May 18
AUD/USD Price Forecast: Flattens around 0.7150 after recovering early losses
The AUD/USD pair trades flat around 0.7150 during the European trading session on Monday after recovering significant early losses. The Aussie pair bounces back as the US Dollar (USD) turns upside down on renewed hopes that the United States (US) and Iran will reach a deal soon.Fxstreet
Mon, May 18
Australian Dollar climbs against Yen as structural forces weigh on JPY
AUD/JPY trades around 113.65 on Monday at the time of writing, up 0.16% on the day. The pair rebounds as persistent weakness in the Japanese Yen (JPY) supports the cross, despite disappointing economic data from China limiting gains for the Australian Dollar (AUD).
Fxstreet
Mon, May 18
Euro: Bond sell-off weighs against US Dollar – ING
ING’s Chris Turner argues that higher long-dated yields and elevated energy prices are negative for Eurozone growth and thus for the Euro. He expects the European Central Bank to keep sounding hawkish to avoid losing control of long-end yields.Fxstreet
Mon, May 18
British Pound: Downside risk versus US Dollar below 200-DMA – Societe Generale
Societe Generale economists argue that the British Pound (GBP) and Gilts face a pivotal period as the Bank of England (BoE) reacts to persistent inflation and wage pressures, which have slowed the pace of rate cuts and hurt long-end Gilts.Fxstreet
Mon, May 18
USD/CAD Price Forecast: 50% Fibo retracement near 1.3755 acts as key barrier
The USD/CAD pair trades marginally lower to near 1.3735 during the European trading session on Monday. The Loonie pair faces selling pressure as the US Dollar (USD) turns upside down due to hopes that the United States (US) and Iran will break the deadlock and reach a deal soon.Fxstreet
Mon, May 18
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