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Bulgaria likely to get EU Commission go-ahead to adopt euro from 2026, officials say
Commission set to approve Bulgaria adoption of euro for 2026 Bulgaria meets criteria, including inflation, budget gap limits Final euro conversion rate for Bulgarian lev to be set in July By Jan Strupczewski BRUSSELS, May 28 (Reuters) - The European Commission is likely to give Bulgaria the...Reuters
Wed, May 28
Bulgaria likely to get EU Commission go-ahead to adopt euro from 2026, officials say
By Jan Strupczewski BRUSSELS, May 28 (Reuters) - The European Commission is likely to give Bulgaria the green light on June 4 to adopt the euro currency from the start of 2026, several euro zone officials said, making Bulgaria the 21st country to join the single currency area. The Commission will...Reuters
Wed, May 28
EUR/JPY flattens around 163.40, investors seek fresh cues on US-EU trade talks
The EUR/JPY pair trades flat around 163.40 during North American trading hours on Wednesday. The cross consolidates as the Euro (EU) wobbles, with investors looking for fresh cues about the current status of trade talks between the United States (US) and the European Union (EU).
Fxstreet
Wed, May 28
INR gains modestly as USD/INR dips from 85.70, market eyes on US data
The Indian Rupee (INR) is showing a modest strength against the US Dollar (USD) during the North American session on Wednesday, recovering from early losses seen in Asian trading hours after USD/INR touched an intraday peak near 85.70.Fxstreet
Wed, May 28
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.2% lower at C$1.3837 to the greenback, or 72.27 U.S. cents, after trading in a range of 1.3802 to 1.3839.Canadian government 10-year bond yields CA10YT=R...Reuters
Wed, May 28
USD/CHF steadies above 0.8250 as SNB Chairman flags concern over strong Swiss Franc and low inflation
The Swiss Franc (CHF) is moving sideways against the US Dollar (USD) on Wednesday, with the USD/CHF pair hovering near the previous day’s high after a solid almost 1% climb driven by renewed US Dollar strength.
Fxstreet
Wed, May 28
FOREX-Yen shrugs off tepid bond demand, dollar firms on trade deal hopes
Japanese bond yields whipsawed in recent weeks US dollar seeing bouts of strength on upbeat economic dataDelay in higher tariffs on EU also supports dollarBy Ankur Banerjee, Johann M Cherian and Linda Pasquini SINGAPORE/GDANSK, May 28 (Reuters) - Japan's yen was steady on Wednesday as ruction...Reuters
Wed, May 28
EUR/GBP remains depressed below 0.8400 following dull Eurozone data
The Euro is trading practically flat below the 0.8400 round level, unable to put a significant distance from the 0.8380 multi-week lows, as Eurozone data strengthens the case for further ECB easing in June.Unemployment data from Germany released earlier today revealed that the jobless rate remained
Fxstreet
Wed, May 28
Mexican Peso stalls close to YTD highs with FOMC Minutes and policy divergence back in focus
The Mexican Peso (MXN) is holding broadly steady against the US Dollar (USD) on Wednesday, remaining close to year-to-date highs, as investors await the release of the Federal Reserve’s (Fed) May Federal Reserve Open Markets Committee (FOMC) meeting minutes.
Fxstreet
Wed, May 28
EUR up marginally as ECB inflation expectations climb – Scotiabank
Euro (EUR) is entering Wednesday’s NA session with a marginal 0.1% gain vs. the US Dollar (USD), a mid-performer among the G10 in generally quiet trade, Scotiabank's Chief FX Strategist Shaun Osborne notes, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Wed, May 28
GBP flat vs. USD, trading just below Monday’s multi-year high – Scotiabank
Pound Sterling (GBP) is entering Wednesday’s NA session unchanged vs. the US Dollar (USD), trading flat around 1.3500 just below Monday’s multi-year high, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Wed, May 28
USD/JPY: Any advance is likely limited to a test of 144.80 – UOB Group
US Dollar (USD) could strengthen further vs Japanese Yen (JPY); deeply overbought conditions suggest that any advance is likely limited to a test of 144.80. In the longer run, week-long USD weakness has stabilised; USD is likely to trade in a 142.70/145.30 range.Fxstreet
Wed, May 28
NZD/USD: To trade sideways between 0.5920 and 0.5980 – UOB Group
New Zealand Dollar (NZD) could trade sideways between 0.5920 and 0.5980 against US Dollar (USD). In the longer run, momentum is slowing rapidly; the chance of NZD breaking decisively above 0.6030 is slim, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, May 28
Sterling steady against the dollar as economic data, trade deals offer support
By Linda Pasquini May 28 (Reuters) - Sterling was steady against the dollar on Wednesday, hovering near Monday's three-year high, as it continued to be supported by favourable economic data last week as well as Britain's recent trade deals.Investors also looked towards a multi-year spendi...Reuters
Wed, May 28
