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Bank of Israel holds rates but worried by possible inflation acceleration
By Steven Scheer JERUSALEM, May 26 (Reuters) - The Bank of Israel left short-term interest rates unchanged for an 11th straight meeting on Monday, saying high inflation remains the chief concern while economic activity continues to recover moderately despite the war in Gaza.The central bank kept ...Reuters
Mon, May 26
Euro could become the dollar's alternative, Lagarde says
FRANKFURT, May 26 (Reuters) - The euro could become a viable alternative to the dollar, earning the 20-nation bloc immense benefits, if governments could only strengthen the bloc's financial and security architecture, ECB President Christine Lagarde said on Monday.Unnerved by erratic U.S. econom...Reuters
Mon, May 26
Euro trades at one-month high after Trump delays EU tariffs
TOKYO/LONDON, May 26 (Reuters) - The euro hit a one-month high against the U.S. dollar on Monday, after U.S. President Donald Trump backed down from threatened 50% duties on European Union shipments from June 1, as the bloc asked for time to "reach a good deal".
Reuters
Mon, May 26
USD/CAD holds steady above 1.3700 as trade tension eases amid holiday-thinned trading
The Canadian Dollar (CAD) gives back some of the initial gains against the US Dollar (USD) at the early American session on Monday, with the USD/CAD pair trading around 1.3720 at the time of writing after hiting a daily low of 1.3686 earlier in the day as follow-through selling faded on the signs of
Fxstreet
Mon, May 26
Bank of Israel keeps rates on hold after April inflation rise
JERUSALEM, May 26 (Reuters) - The Bank of Israel left short-term interest rates unchanged for an 11th straight meeting on Monday after a surprising spike in April inflation, and as economic uncertainty persists due to the conflict between Israel and Palestinian Islamist group Hamas in Gaza.The centr...Reuters
Mon, May 26
Brazil posts smaller-than-expected current account deficit in April
BRASILIA, May 26 (Reuters) - Brazil recorded a smaller-than-expected current account deficit in April, central bank data showed on Monday, helped by narrower shortfalls in the factor payments account and services accounts.The deficit came in at $1.347 billion for the month, below the $2 billion gap ...Reuters
Mon, May 26
Mexican Peso trades at a new YTD high against the US Dollar on US Memorial Day
The Mexican Peso (MXN) is experiencing a steady appreciation against the US Dollar (USD) on Monday, reflecting lingering uncertainty in the United States (US) economic outlook amid concerns about US President Donald Trump’s tariff threats and the country’s fiscal outlook.
Fxstreet
Mon, May 26
Sterling touches new 2022 high; Trump EU tariff reversal dents dollar
LONDON, May 26 (Reuters) - The pound edged up on Monday to trade around its highest since early 2022, as the dollar came under broad pressure following another abrupt reversal in trade policy by U.S. President Donald Trump that gave investors a fresh dose of uncertainty. On Friday, Trump sent a s...Reuters
Mon, May 26
Brazil posts $1.347 billion current account deficit in April
BRASILIA, May 26 (Reuters) - Brazil posted a current account deficit of $1.347 billion in April, the central bank said on Monday, while economists polled by Reuters were expecting a $2 billion deficit.Foreign direct investment for the month totaled $5.491 billion, above the $4 billion projected by e...Reuters
Mon, May 26
EUR/USD rises as Trump takes U-turn on EU tariffs
EUR/USD jumps above 1.1400 during European trading hours on Monday, the highest level seen this month. The major currency pair gains as the US Dollar (USD) falters on erratic statements coming from Washington regarding tariff policies.Fxstreet
Mon, May 26
USD/JPY: Any decline is likely part of a lower range of 142.10/143.45 – UOB Group
Scope for US Dollar (USD) to weaken further vs Japanese Yen (JPY); any decline is likely part of a lower range of 142.10/143.45. In the longer run, risk is still on the downside, but it remains to be seen if USD can maintain its pace of decline.Fxstreet
Mon, May 26
NZD/USD: Any advance is unlikely to reach 0.6030 – UOB Group
New Zealand Dollar (NZD) could rise further vs US Dollar (USD), but due to the overbought conditions, any advance is unlikely to reach 0.6030. In the longer run, for a sustained advance, NZD must break and hold above 0.6030, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, May 26
