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Euro Dives as US Yields Overpower ECB Hike Bets
EUR/USD drops near 1.1600 on Tuesday as the Greenback recovers some ground, supported by soaring US Treasury yields, even though ECB officials opened the door to rate hikes at the June meeting. The pair trades with losses of 0.48% at the time of writing.
Fxstreet
Wed, May 20
Japanese Yen flatlines above 159.00 as intervention fears counter US–Iran tensions
The USD/JPY pair trades on a flat note around 159.05 during the early Asian session on Wednesday. The potential upside for the pair might be limited amid intervention fears from Japanese authorities. Traders continue to digest the latest headlines on US talks with Iran to end the war.
Fxstreet
Wed, May 20
Euro weakens as strong ADP data and Trump’s Iran comments boost US Dollar
The EUR/USD pair weakens toward the 1.1600 region on Tuesday as the United States (US) Dollar (USD) strengthens following solid labor-market data and rising Treasury yields, while mixed developments in the Eurozone limit support for the shared currency.Fxstreet
Tue, May 19
British Pound slides as US yields spike, UK jobs market cracks
The British Pound retreats by 0.31% during the North American session as the Greenback rises, underpinned by soaring US Treasury yields as investors price in a spike in inflation from the energy shock. The GBP/USD trades at 1.3392 after reaching a daily high of 1.3437.Fxstreet
Tue, May 19
Canadian Dollar gains against Euro despite softer domestic inflation data
The Euro (EUR) weakens against the Canadian Dollar (CAD) on Tuesday as rising Oil prices linked to the US-Iran conflict continue to support the commodity-linked Loonie, even as the latest Canadian inflation data came in softer than expected.
Fxstreet
Tue, May 19
Canadian Dollar: Downside risks persist against US Dollar – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret note the Canadian Dollar (CAD) keeps a defensive tone as USD/CAD grinds higher despite firm domestic yields and crude. Their fair value estimate has slipped back toward 1.35, highlighting renewed overvaluation in the pair.Fxstreet
Tue, May 19
Australian Dollar: Oil keeps RBA cautious – BNY
BNY’s Bob Savage notes the Reserve Bank of Australia (RBA) sees elevated risks that inflation expectations drift higher, potentially requiring a deeper slowdown. Oil-driven price pressures and three rate hikes to 4.35% frame the backdrop for AUD/USD.Fxstreet
Tue, May 19
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