News
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USD/CHF drops to near 0.8250 as US Dollar retraces gains due to growing debt concerns
USD/CHF retraces its recent gains registered in the previous session, trading around 0.8260 during the European hours on Friday. Meanwhile, the US Dollar Index (DXY), which tracks the US Dollar (USD) against a basket of six major currencies, is trading lower at around 99.60 near two-week lows.
Fxstreet
Fri, May 23
Pound Sterling strengthens against US Dollar on strong UK Retail Sales data
The Pound Sterling (GBP) revisits the three-year high against the US Dollar (USD), which it posted earlier this week around 1.3470, in European trading hours on Friday. The British currency strengthens after the release of stronger-than-projected United Kingdom (UK) Retail Sales data for April.
Fxstreet
Fri, May 23
EUR/GBP remains above 0.8400 following German GDP, UK Retail Sales data
EUR/GBP recovers its recent losses registered in the previous session, trading around 0.8410 during the Asian hours on Friday. The currency cross advances as the Euro (EUR) attracts buying support following Germany’s Gross Domestic Product (GDP) data for the first quarter, released by Destatis.
Fxstreet
Fri, May 23
EUR/JPY Price Forecast: Keeps bullish vibe above 162.00, further consolidation cannot be ruled out
The EUR/JPY cross edges lower to near 162.35 during the early European session on Friday. The Japanese Yen (JPY) strengthens against the Euro (EUR) due to rising expectations that the Bank of Japan (BoJ) will continue raising interest rates this year.
Fxstreet
Fri, May 23
RPT-ANALYSIS -Trump ambush a sideshow, as South African investors focus on coalition
Investors focus on coalition stability over U.S. politicsBudget agreement ends coalition strife, for nowFinance minister says tax shortfall would force cost cutsKeeping political unity while shoring up finances will be trickyBy Colleen Goko JOHANNESBURG, May 22 (Reuters) - For investors, the spec...Reuters
Fri, May 23
FOREX-Frail dollar set to snap 4-week winning streak on US fiscal health worries
Safe-haven demand lifts euro, yen and swiss francDollar remains under pressure as fiscal outlook fears growTrump's tax bill heads to Senate Treasuries steady after a brutal selloff this weekBy Ankur Banerjee SINGAPORE, May 23 (Reuters) - The U.S. dollar was weaker on Friday, poised to make it...Reuters
Fri, May 23
GBP/USD rebounds above 1.3450 toward 39-month highs, UK Retail Sales eyed
GBP/USD posts gains of about a quarter of a percent in the Asian hours on Friday, trading around 1.3450 at the time of writing. The pair edges higher as the Pound Sterling (GBP) attracts buyers after the GfK better-than-expected Consumer Confidence Index for the United Kingdom (UK) was released.Fxstreet
Fri, May 23
USD/CAD slides to 1.3825 area, back closer to two-week low on weaker USD
The USD/CAD pair attracts fresh sellers following the previous day's brief pause and slides to the 1.3825 area during the Asian session on Friday. Spot prices remain close to a two-week low touched on Wednesday and seem vulnerable to weaken further amid a broadly weaker US Dollar (USD).
Fxstreet
Fri, May 23
Australia, New Zealand dollars gain but face stiff chart resistance
SYDNEY, May 23 (Reuters) - The Australian and New Zealand dollars gained on Friday as an overnight bounce in the U.S. currency faded, but they still face some heavy resistance levels that have kept them mostly range-bound. The Aussie AUD=D3 rose 0.4% to $0.6437, recouping all its overnight l...Reuters
Fri, May 23
FOREX-Dollar set to snap 4-week winning streak on US fiscal health worries
Safe-haven demand lifts euro, yen and swiss francDollar remains under pressure as fiscal outlook fears growTrump's tax bill heads to Senate Treasuries steady after a brutal selloffBy Ankur Banerjee SINGAPORE, May 23 (Reuters) - The U.S. dollar was soft on Friday, poised to make its first week...Reuters
Fri, May 23
