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USD/JPY Price Forecast: Dollar ticks up to 159.00 as Iran’s peace talks wobble
The US Dollar (USD) appreciates against the Japanese Yen (JPY) for the second consecutive day on Tuesday, hitting session highs above 159.00 at the time of writing, as fresh US attacks on Iran put the peace process into question.
Fxstreet
Tue, May 26
Euro strengthens against British Pound as ECB signals June hike
The EUR/GBP cross gathers strength to near 0.8630 during the early European session on Tuesday. Hawkish remarks from the European Central Bank (ECB) provide some support to the Euro (EUR) against the British Pound (GBP).
Fxstreet
Tue, May 26
Euro: Limited upside against US Dollar within neutral band – UOB
UOB’s Quek Ser Leang and Lee Sue Ann describe EUR/USD as neutral after a sharp opening rise, with only modest upward momentum. They see scope for the Euro to edge higher but doubt a sustained break of nearby resistance.Fxstreet
Tue, May 26
WTI holds gains: Why the Canadian Dollar is struggling?
USD/CAD inches higher after registering minor losses in the previous day, trading around 1.3810 during the Asian hours on Tuesday. The commodity-linked Canadian Dollar (CAD) is struggling against the US Dollar (USD), as rising risk aversion offsets any gains from higher crude oil prices.
USD/CHF Price Forecast: Strengthens on renewed US-Iran tensions, but technical outlook stays bearish
The USD/CHF pair edges higher to near 0.7830, snapping the four-day losing streak, during the early European session on Tuesday. Uncertainty surrounding the US-Iran peace negotiations provides some support to the US Dollar (USD) against the Swiss Franc (CHF).
Fxstreet
Tue, May 26
British Pound retreats from monthly high vs JPY; downside seems limited
The GBP/JPY cross edges lower during the Asian session on Tuesday and erodes a part of the previous day's strong gains to the 214.70 region, or a fresh monthly peak. Spot prices, however, lack follow-through selling and currently trade around the 214.35 area, down just over 0.10% for the day.
Fxstreet
Tue, May 26
EUR/USD Price Forecast: Near-term tone remains bearish as 20-day EMA slopes downwards
The EUR/USD pair trades marginally lower at around 1.1633 during the Asian trading session on Tuesday. The major currency pair faces slight selling pressure as the US Dollar (USD) attacks some bids due to fears that the United States (US)-Iran negotiations could face a setback.
Fxstreet
Tue, May 26
Australian Dollar loses traction as US launches self-defence strikes on southern Iran
The AUD/USD pair trades in negative territory around 0.7165 during the Asian trading hours on Tuesday. The Australian Dollar (AUD) declines against the US Dollar (USD) as renewed tensions between the US and Iran weigh on risk-sensitive currencies.Fxstreet
Tue, May 26
Canadian Dollar consolidates around 1.3800 against USD as Mideast uncertainties persist
The USD/CAD pair extends its sideways consolidative price move for the second consecutive day and trades around the 1.3800 mark during the Asian session on Tuesday. Spot prices, however, remain close to the highest level since April 13, touched last week.Fxstreet
Tue, May 26
British Pound softens below 1.3500 as renewed US-Iran tensions favour US Dollar
The GBP/USD pair loses ground to near 1.3495 during the early Asian session on Tuesday. The British Pound (GBP) softens against the US Dollar (USD) on weak underlying UK data and US-Iran peace deal uncertainty.
Fxstreet
Tue, May 26
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