News
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FOREX-Dollar set for fifth monthly drop on trade, fiscal uncertainty
Higher Tokyo core inflation underpins yen Fed's preferred PCE inflation data awaitedDollar index set for fifth-straight monthly declineBy Johann M Cherian and Linda Pasquini SINGAPORE/GDANSK May 30 (Reuters) - The U.S. dollar wobbled on Friday, heading for its fifth-straight monthly decline a...Reuters
Fri, May 30
USD/JPY declines below 144.00 as Japanese Yen strengthens on hot Tokyo CPI data
The USD/JPY pair trades lower slightly below 144.00 during European trading hours on Friday. The asset weakens as the Japanese Yen (JPY) outperforms across the board after the Statistics Bureau of Japan reported a hotter-than-projected Tokyo Consumer Price Index (CPI) data for May.
Fxstreet
Fri, May 30
Sterling set for fourth monthly rise against a weakened dollar
By Linda Pasquini May 30 (Reuters) - Sterling held steady on Friday, set for its fourth month in a row of gains against the dollar, as recent favourable economic data support Britain's currency just as worries over U.S. tariffs and high debt weigh on the greenback."Sterling looks well sup...Reuters
Fri, May 30
NZD/USD: Likely to trade between 0.5940 and 0.6000 – UOB Group
New Zealand Dollar (NZD) is likely to trade between 0.5940 and 0.6000. In the longer run, upward momentum has faded; NZD is likely to trade in a range between 0.5900 and 0.6000 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, May 30
AUD/USD: Likely to consolidate in a range of 0.6420/0.6470 – UOB Group
Australian Dollar (AUD) is likely to consolidate in a range of 0.6420/0.6470 vs US Dollar (USD). In the longer run, for the time being, AUD is expected to trade in a range of 0.6380/0.6485, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, May 30
COLUMN-Time for investors to play the long game: Pelosky
By Jay Pelosky May 30 - Investing, like golf, is a mix of both the short and the long game. In the wild first half of 2025, investors have mostly focused on the short game, but now that we appear to be entering a period of relative calm, investors can start looking much farther down the fairway. ...Reuters
Fri, May 30
GBP/USD: Likely to trade in a range of 1.3455/1.3530 – UOB Group
Pound Sterling (GBP) is likely to trade in a range of 1.3455/1.3530. In the longer run, current price movements still appear to be part of a range trading phase, likely between 1.3400 and 1.3600, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, May 30
Pollen Street's Lumon drops takeover pursuit of UK's Argentex
May 30 (Reuters) - Payments services provider Lumon Acquisitions said on Friday that it does not intend to make an offer for Argentex AGFX.L after the currency risk management firm rejected an earlier bid.WHY IT'S IMPORTANTArgentex became one of the first known casualties of the market turmoil c...Reuters
Fri, May 30
NZD/USD retreats from 0.6000 with the US Dollar picking up ahead of the PCE inflation release
The New Zealand Dollar has been rejected at the 0.6000 psychological area and returned to 0.5950, as the US Dollar regains lost ground, with investors bracing for the release of April’s US PCE Price Index reading.,The Dollar lost ground against its main peers earlier on Thursday, as a US federal coFxstreet
Fri, May 30
Russian rouble weakens vs US dollar after previous session's surge
MOSCOW, May 30 (Reuters) - The Russian rouble weakened on Friday after surging to a two-year high in the previous session, mostly on optimism over a new round of talks between Russia and Ukraine, which may take place in Istanbul next week. By 0850 GMT, the rouble RUB= was down 2.7% at 79.00 per U.S....Reuters
Fri, May 30
EMERGING MARKETS-Stocks at two-week low, FX flat as markets absorb US trade jitters
EM stocks down 0.7%, FX flat Trump's tariffs to remain in effect as appeals court grants stayTurkey's economy 2% in Q1, below forecastsPolish 2nd round of elections on SundayBy Pranav Kashyap May 30 (Reuters) - Emerging market equities skidded to a two-week low on Friday, while currencies...Reuters
Fri, May 30
Japan's Life Insurance Giants Slash Bullish Yen Hedge Ratios to a 14-Year Low! Yen Appreciation Expectation Crumbling?
TradingKey - Bloomberg reports that Japanese life insurers have cut their hedge ratios for overseas assets to the lowest level in 14 years, effectively reducing their protection against potential losses from a strengthening yen. This indicates a declining expectation for yen appreciation within theTradingKey
Fri, May 30
Silver Price Forecast: XAG/USD is looking for direction above the $32.70 support area
Silver keeps posting lower highs since peaking at $33.70 last weekRecent price action is forming a descending triangle pattern, a bearish sign.XAG/USD: Below the $32.60-3270 support, the next targets are $32.15 and $31.70.Silver prices (XAG/USD) are paring losses during Friday’s European session.
Fxstreet
Fri, May 30
EUR/USD trims gains, returning below 1.1350 with US PCE inflation in focus
EUR/USD is trading with minor losses around 1.1340 at the time of writing on Friday, but it holds most of the ground taken during Thursday after a US federal court reversed the block on US President Donald Trump’s tariffs, triggering a sharp US Dollar (USD) sell-off.The US Court of Appeals paused thFxstreet
Fri, May 30
FOREX-Dollar set for fifth monthly drop on trade, fiscal uncertainty
Upbeat Tokyo core inflation underpins yen Fed's preferred PCE inflation data awaitedDollar index set for fifth-straight monthly declineBy Johann M Cherian and Linda Pasquini SINGAPORE/GDANSK May 30 (Reuters) - The U.S. dollar wobbled on Friday en route to its fifth-straight monthly decline as...Reuters
Fri, May 30
