News
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NZD/USD returns below 0.6000 as the US Dollar bounces up
The New Zealand Dollar failed to break the Year-to-Date high at 0.6030 and is trading lower on Tuesday, weighed by a somewhat stronger US Dollar and market expectations that the RBNZ will ease its monetary policy further on Wednesday.
Fxstreet
Tue, May 27
EUR/GBP flat lines below 0.8400 ahead of Eurozone Consumer Confidence release
The EUR/GBP cross holds steady near 0.8390 during the early European session on Tuesday. Traders will take more cues from Consumer Confidence in the Eurozone. The attention will shift to the German Retail Sales data, which is due later on Friday.
Fxstreet
Tue, May 27
GBP/JPY extends gains to test 194.25, favoured by a positive market mood
The Pound is trading higher for the second consecutive day on Tuesday, with the UK market returning from a long weekend on a moderately positive market mood. Trump’s decision to delay a 50% tariff on Eurozone products has boosted market sentiment.The positive mood is weighing on the Japanese Yen.
Fxstreet
Tue, May 27
USD/CHF Price Forecast: Bearish outlook remains in play below 0.8250
The USD/CHF pair recovers some lost ground to near 0.8220 during the early European session on Tuesday. However, the potential upside for the pair might be limited amid the concerns over the mounting US national deficit.
Fxstreet
Tue, May 27
Dollar stutters as US tax bill stirs anxiety over debt; yen gains
TOKYO, May 27 (Reuters) - The dollar struggled on Tuesday to regain its footing as investor concerns over a sweeping tax and spending bill and its implications for the U.S. debt profile added to the recent erosion of confidence in American assets.
China's yuan slips as PBOC appears to reinforce currency stability via guidance fix
SHANGHAI, May 27 (Reuters) - China's yuan slipped against the dollar on Tuesday, as the central bank set a slightly weaker-than-expected midpoint fixing for the second day in a row, a signal that investors interpreted as an official intention to reinforce currency stability.
Reuters
Tue, May 27
EUR/USD gathers strength to near 1.1400 as Trump delays EU tariffs
The EUR/USD pair trades in positive territory near 1.1395 during the Asian trading hours on Tuesday. The Euro (EUR) edges higher to the highest since late April against the US Dollar (USD) after US President Donald Trump delayed the imposition of 50% tariffs on Europe.Fxstreet
Tue, May 27
Australia, New Zealand dollars stall as rallies run into resistance
SYDNEY, May 27 (Reuters) - The Australian and New Zealand dollars were unable to sustain gains and edged away from six-month highs on Tuesday, with the market focused on an upcoming policy meeting in New Zealand. The Aussie AUD=D3 slipped 0.1% at $0.6481 after having retreated from a six-mon...Reuters
Tue, May 27
GBP/USD maintains position above 1.3550 near 39-month highs due to risk-on mood
GBP/USD extends its winning streak for the third successive session, trading around 1.3570 during the Asian hours on Tuesday. The pair is hovering near the 39-month high of 1.3593, which was marked on Monday.
Fxstreet
Tue, May 27
Japan net external assets hit record, but surrenders world's top creditor spot
TOKYO, May 27 (Reuters) - Japan's net external assets rose to a record 533.1 trillion yen ($3.73 trillion) in 2024, the Ministry of Finance said on Tuesday, rising for a seventh straight year thanks to a weak yen and strong appetite for overseas corporate acquisitions.Reuters
Tue, May 27
Japanese Yen refreshes monthly high against USD on strong domestic inflation data
The Japanese Yen (JPY) attracts fresh buyers during the Asian session on Tuesday following the release of strong inflation data. Adding to this, Bank of Japan (BoJ) Governor Kazuo Ueda's comments left the door open for further policy tightening by the central bank.Fxstreet
Tue, May 27
