News
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EUR/JPY Price Forecast: Breaks below 163.50, support appears near nine-day EMA
EUR/JPY halts its two-day winning streak, trading around 163.30 during the Asian hours on Wednesday. The weakening of a bullish bias appears as the currency cross remains slightly below the lower boundary of the ascending channel, as suggested by the technical analysis of the daily chart.
Fxstreet
Wed, May 28
Yen shrugs off tepid bond demand, dollar firms on trade deal hopes
SINGAPORE, May 28 (Reuters) - The Japanese yen was steady on Wednesday as ructions in the bond market kept the spotlight on the fiscal health of major economies, while the U.S. dollar was firm due to upbeat economic data and signs of easing trade tensions.
Reuters
Wed, May 28
NZD/USD surges above 0.5950 after RBNZ’s policy decision, FOMC Minutes awaited
NZD/USD recovers its recent losses from the previous session, trading around 0.5970 during the Asian hours on Wednesday. The pair appreciates as the New Zealand Dollar (NZD) gains ground following the Reserve Bank of New Zealand's (RBNZ) interest rate decision.
Fxstreet
Wed, May 28
GBP/USD Price Forecast: Keeps bullish vibe, first upside target emerges above 1.3550
The GBP/USD pair attracts some sellers to around 1.3480 during the Asian trading hours on Wednesday. The Greenback strengthens against the Pound Sterling (GBP) on the economic signs in the United States (US).
Fxstreet
Wed, May 28
New Zealand dollar up as RBNZ signals near done on rate cuts
By Wayne Cole SYDNEY, May 28 (Reuters) - The New Zealand dollar bounced on Wednesday after the country's central bank cut interest rates as expected but signalled it might be nearer to an end on easing than some in the market had hoped for.The Reserve Bank of New Zealand trimmed its cash rate...Reuters
Wed, May 28
New Zealand dollar firms as RBNZ rate cut draws rare dissent
By Wayne ColeSYDNEY, May 28 (Reuters) - The New Zealand dollar edged up on Wednesday after the country's central bank cut interest rates as expected but revealed a rare vote against the move, while Australian price data leant against another cut in the very near term.The Reserve Bank of New Zeal...Reuters
Wed, May 28
BOJ on alert to impact of super-long yield swings on borrowing costs
Shorter rates affects growth more than super-long yieldsLarge swings in super-long yields could affect shorter endUncertainty on U.S. trade policy, fallout remains highRemarks highlight BOJ's attention to volatile yield movesBy Makiko Yamazaki and Leika Kihara TOKYO, May 28 (Reuters) - Bank o...Reuters
Wed, May 28
NZD/USD holds positive ground above 0.5950 after RBNZ cuts rate to 3.25%
The NZD/USD pair gains ground to around 0.5965 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) edges higher against the US dollar (USD) after the Reserve Bank of New Zealand (RBNZ) interest rate decision.Fxstreet
Wed, May 28
A U.S.-EU Currency War? The “Global Euro Moment” Rises as the Weak Dollar Endures
TradingKey - Although tensions in the U.S.-EU tariff war have eased, the era of U.S. exceptionalism continues to fade, with the U.S. dollar weakening in response to President Donald Trump’s aggressive tariff hikes and expansionary fiscal policies.TradingKey
Wed, May 28
Australian Dollar weakens despite steady Monthly Consumer Price Index
The Australian Dollar (AUD) extends its losses against the US Dollar (USD) on Wednesday for the third successive session. The AUD/USD pair loses ground after the release of the Monthly Consumer Price Index (CPI).
Fxstreet
Wed, May 28
USD/INR weakens ahead of FOMC Minutes
The Indian Rupee (INR) strengthens on Wednesday. Concerns over US trade and fiscal policies undermine the US Dollar (USD). Additionally, a decline in Crude oil prices provides some support to the Indian currency, as India is the world's third-largest oil consumer.Fxstreet
Wed, May 28
BOJ governor says swings in super-long yields could impact shorter durations
TOKYO, May 28 (Reuters) - Bank of Japan Governor Kazuo Ueda said on Wednesday that large swings in super-long government bond yields could affect yields on shorter-term bonds."Our research has shown that changes in short- and medium-term interest rates have larger impacts on economic activities ...Reuters
Wed, May 28
Fed's Williams calls for strong response if inflation deviates from target
Central banks' focus should be to avoid costly mishapsWilliams warns of uncertainty on inflation expectationsFocus should be to avoid inflation becoming persistentUS reserves abundant, serving as buffer against shocksBy Leika KiharaTOKYO, May 28 (Reuters) - New York Federal Reserve President Joh...Reuters
Wed, May 28
