News
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USD/CAD trades near 1.3800 after pulling back from weekly highs as Oil prices rise
USD/CAD loses ground after registering gains in the previous two consecutive sessions, trading around 1.3820 during the European hours on Thursday. The pair depreciates as the commodity-linked Canadian Dollar (CAD) receives support from improved crude Oil prices.
Fxstreet
Thu, May 29
Russian rouble strengthens past 79 against dollar to near two-year high
May 29 (Reuters) - The Russian rouble on Thursday strengthened past the 79 mark against the dollar for the first time since early June 2023, LSEG data based on over-the-counter quotes showed. The rouble has strengthened by over 40% against the dollar this year, a rise analysts have attributed to t...Reuters
Thu, May 29
Silver Price Forecast: XAG/USD is forming a descending triangle with support at $32.60
Silver prices (XAG/USD) are showing moderate gains on Thursday, after bouncing up from the support area, at $32.60-32.70 but the broader picture remains mixed with price action contained within recent ranges.The fundamental background is unsupportive today.
Fxstreet
Thu, May 29
EUR/GBP weakens below 0.8400 amid prospect of ECB rate cuts
The EUR/GBP cross remains under selling pressure around 0.8375 during the early European session on Thursday. The Euro (EUR) weakens against the Pound Sterling (GBP) due to weak Eurozone data. Later on Thursday, Bank of England (BoE) Deputy Governor Sarah Breeden is set to speak.
Fxstreet
Thu, May 29
Japan eyes US defence gear purchase ahead of another round of tariff talks
Akazawa, Bessent to meet in Washington on FridayDefence gear purchase could boost US trade surplus, Akazawa saysUS court ruling would not change Japan's strategies, source saysForeign exchange levels have not been discussed so farBy Yoshifumi Takemoto and Makiko Yamazaki TOKYO, May 29 (Reuter...Reuters
Thu, May 29
INDIA RUPEE-Rupee dips tracking Asian peers after court blocks most US tariffs
By Jaspreet Kalra MUMBAI, May 29 (Reuters) - The Indian rupee weakened on Thursday, weighed down by a broad rebound in the dollar after a U.S. federal court blocked most of President Donald Trump's "reciprocal tariffs" from taking effect.The rupee INR=IN was at 85.5325 per U.S. dollar...Reuters
Thu, May 29
GBP/USD drifts lower below 1.3450 ahead of US GDP release
The GBP/USD pair trades in negative territory around 1.3435 during the early European session on Thursday. The Greenback strengthens against the Pound Sterling (GBP) after the US trade court blocks US President Donald Trump's sweeping tariffs.
Fxstreet
Thu, May 29
GBP/JPY Price Forecast: Sticks to strong intraday gains below 196.00 amid notable JPY weakness
The GBP/JPY cross prolonged its weekly uptrend for the fourth straight day on Thursday and climbed to the 196.30 area during the Asian session, back closer to a multi-month peak touched earlier this May.
Fxstreet
Thu, May 29
FOREX-Dollar rallies after Trump's tariffs face court roadblock
Dollar strengthens against safe haven peersAnalysts sceptical of long rally, wary of legal battle over tariffs Trade deals still in focusBy Rae Wee and Johann M Cherian SINGAPORE, May 29 (Reuters) - The U.S. dollar strengthened against major peers on Thursday after a court blocked President Donal...Reuters
Thu, May 29
NZD/USD attracts some sellers below 0.5950 as US court blocks Trump's reciprocal tariffs
The NZD/USD pair weakens to near 0.5935 during the early Asian trading hours on Thursday bolstered by a firmer US Dollar (USD). The renewed trade tensions between the United States (US) and China weigh on the China-proxy Kiwi.
Fxstreet
Thu, May 29
Yuan slips to one-week low after US court blocks Trump's tariffs
SHANGHAI, May 29 (Reuters) - China's yuan fell to one-week low against the U.S. dollar on Thursday, tracking declines in other Asian currencies, after a court blocked President Donald Trump from imposing his "Liberation Day" import tariffs.The spot yuan CNY=CFXS slumped to 7.2109 per dol...Reuters
Thu, May 29
South Korea delivers dovish cut ahead of snap election
BOK cuts base rate to 2.50% as widely expectedFour of seven board members see room for near-term cuts South Korea to elect new leader on June 3By Cynthia Kim and Jihoon Lee SEOUL, May 29 (Reuters) - South Korea's central bank cut interest rates for a fourth time in its current easing cycle on...Reuters
Thu, May 29
INDIA RUPEE-US court ruling on tariffs lifts dollar, dragging rupee lower
By Nimesh Vora MUMBAI, May 29 (Reuters) - The Indian rupee is set to open weaker on Thursday, weighed by the dollar's strength after a U.S. court blocked President Donald Trump’s tariffs.The 1-month non-deliverable forward indicated the local currency would open in the 85.48-85.52 range, com...Reuters
Thu, May 29
Australia, New Zealand dollars fall as US court blocks Trump tariffs
SYDNEY, May 29 (Reuters) - The Australian and New Zealand dollars fell on Thursday after a U.S. court blocked President Donald Trump's sweeping import tariffs from going into effect, sending the U.S dollar sharply higher. The Aussie AUD=D3 slipped 0.2% to $0.6413, down for a fourth straight sess...Reuters
Thu, May 29
