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Australian Dollar extends sharp decline as Fed hike repricing lifts US Dollar
AUD/USD falls sharply on Friday and trades around 0.7155 at the time of writing, down 0.91% on the day, after hitting its lowest level in more than a week. The pair remains under heavy selling pressure for the second consecutive day amid broad-based US Dollar (USD) strength.
Fxstreet
Fri, May 15
USD/CAD: Overvaluation stretch risks further upside – Scotiabank
Scotiabank strategists Shaun Osborne and Eric Theoret highlight that USD/CAD is grinding higher into the mid‑1.37s, with the Canadian Dollar (CAD) underperforming but still faring better than many G10 commodity peers.Fxstreet
Fri, May 15
Canadian Dollar hits fresh monthly lows as the US Dollar rallies in risk-off markets
The Canadian Dollar (CAD) extends losses against the US Dollar (USD) for the fourth consecutive day on Friday, with the USD/CAD pair trading in the mid-range of the 1.3700s after rallying about 0.5% so far this week.Fxstreet
Fri, May 15
Swiss Franc slides as resilient US data and Swiss deflation pressure CHF
USD/CHF extends its advance for the fourth consecutive day on Friday and trades around 0.7850 at the time of writing, up 0.15% on the day. The pair benefits from the rebound in the US Dollar (USD), supported by resilient US economic data and renewed risk-off sentiment across markets.
Fxstreet
Fri, May 15
Euro: Breaks below key averages against US Dollar – Societe Generale
Societe Generale analysts report EUR/USD has fallen to its lowest level since early April as wider UST/Bund spreads and higher energy prices weigh on the Euro (EUR). The pair has broken below its 50- and 200-day moving averages, with support cited at 1.1560 and resistance at 1.1720.Fxstreet
Fri, May 15
GBP/JPY Price Forecast: Struggles below 212.00 as bears look to seize control
The GBP/JPY cross attracts some follow-through selling for the second consecutive day and drops to a one-and-a-half-week low during the early European session on Friday. Spot prices, however, rebounded a few pips in the last hour and currently trade near the 211.75 region, down 0.25% for the day.
Fxstreet
Fri, May 15
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