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Australian Dollar rises as improving sentiment outweighs decreasing RBA rate hike odds
AUD/USD holds ground after two days of losses, trading around 0.7170 during the early European hours on Monday. The pair appreciates as the Australian Dollar (AUD) receives support from fading safe-haven demand in anticipation of the United States (US)-Iran accord.Fxstreet
Mon, May 25
Japanese Yen: Weakens against Dollar on inflation focus – MUFG
MUFG’s Teppei Ino reviews recent USD/JPY performance, noting that the pair opened at 156.86 and rose toward 158.50 as the Dollar strengthened on difficult US-Iran negotiations, higher crude oil prices and renewed inflation concerns.Fxstreet
Mon, May 25
Euro softens against British Pound despite ECB hike prospects
The EUR/GBP cross trades in negative territory around 0.8635 during the early European trading hours on Monday. Traders await the speeches from the European Central Bank (ECB) policymakers later this week, including President Christine Lagarde, for fresh impetus.
Fxstreet
Mon, May 25
Japanese Yen Gains Traction on Us-Iran Peace Progress
The USD/JPY pair edges lower to around 158.85, snapping the two-day winning streak during the Asian trading hours on Monday. The US Dollar (USD) weakens against the Japanese Yen (JPY) amid signs of a US-Iran deal to reopen the Strait of Hormuz.Fxstreet
Mon, May 25
AUD/JPY Price Forecast: Gains momentum, holding bullish bias above 100-day EMA
The AUD/JPY cross gains ground to around 113.80 during the early European trading hours on Monday. Hopes of a deal to reopen the Strait of Hormuz buoyed risk appetite, supporting the Australian Dollar (AUD) against the Japanese Yen (JPY).
Fxstreet
Mon, May 25
GBP/USD Price Forecast: Extends recovery to near 20-EMA amid risk-on mood
The GBP/USD pair is up 0.35% to near 1.3480 during the Asian trading session on Monday. The Cable trades firmly as market sentiment for riskier assets has improved significantly due to increased hopes of a deal between the United States (US) and Iran.Fxstreet
Mon, May 25
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