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ECB’s Demarco: The ECB will probably need to hike in June
European Central Bank (ECB) Governing Council member and Governor of the Central Bank of Malta, Alexander Demarco, said during the European trading session on Friday that the central bank will probably need to hike interest rates in the June policy meeting.
Fxstreet
Fri, May 22
Japanese Yen: Under pressure as USD eyes 160.50 – Societe Generale
Societe Generale analysts note USD/JPY has rebounded after testing a multi‑month channel floor near 155.50/155, now aligned with the 200‑DMA. The pair is edging toward the April peak at 160.50/160.70, seen as interim resistance.
Fxstreet
Fri, May 22
Euro: Consolidation versus US Dollar as downside momentum eases – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann see EUR/USD consolidating intraday between 1.1595 and 1.1640 after a brief dip to 1.1575 failed to build downside momentum. On a 1–3 week view, a break above 1.1655 would signal that the decline from mid‑May has likely ended.Fxstreet
Fri, May 22
USD/JPY Price Forecast: Upside stalls around 159.00 on US-Iran deal hopes
The USD/JPY pair trades slightly higher to near 159.10 during the European trading session on Friday. The pair has been broadly sideways over the last three trading days, with investors awaiting the announcement of a deal between the United States (US) and Iran.Fxstreet
Fri, May 22
USD/CHF Price Forecast: Sideways trading below 0.7900, awaiting news from Iran
The Swiss Franc (CHF) consolidates right below 0.7870 against the US Dollar (USD) on Friday. The pair retreated from the 0.7900 area over the previous two days, but remains steady within the weekly range, with investors wary of taking risks, amid confusing messages from the Middle East.
Fxstreet
Fri, May 22
Canadian Dollar remains subdued as USD gains on hawkish Fed expectations
USD/CAD remains stronger for the fourth consecutive day, hovering around 1.3790 during the early European hours on Friday. The pair holds ground as the US Dollar (USD) receives support from rising odds of hawkish sentiment surrounding the Federal Reserve (Fed) policy stance.
Euro: Conflict risks keep pressure against US Dollar – Commerzbank
Commerzbank’s Volkmar Baur notes that EUR/USD has fallen to around 1.16 as markets now price a higher probability of a Fed rate hike by year-end while expecting the European Central Bank (ECB) to react less to inflation.Fxstreet
Fri, May 22
British Pound holds losses below 1.3450 on disappointing UK Retail Sales data
The GBP/USD pair declines to near 1.3420 during the early European trading hours on Friday. The British Pound (GBP) remains weak against the US Dollar (USD) following the worse-than-expected UK economic data.Fxstreet
Fri, May 22
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