News
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NZD/USD holds positive ground near 0.5900 as New Zealand Retail Sales beat expectations
The NZD/USD pair posts modest gains near 0.5900 during the early Asian session onn Thursday. The upbeat New Zealand Retail Sales data provide some support to the Kiwi against the US Dollar (USD).
Fxstreet
Fri, May 23
BOJ vigilant on markets as super-long yields soar
Super-long JGB yields soared to all-time highs this weekUeda says high uncertainties to stay over tariff falloutJapan finmin says G7 touched upon fiscal healthBy Makiko Yamazaki BANFF, Alberta, May 22 (Reuters) - Bank of Japan Governor Kazuo Ueda said on Thursday the central bank will closely mon...Reuters
Fri, May 23
USD/CAD posts modest gains to near 1.3850 on upbeat US PMI data
The USD/CAD pair trades with mild gains around 1.3855, snapping the four-day losing streak during the early Asian session on Friday. The US Dollar (USD) edges higher against the Canadian Dollar (CAD) due to the stronger-than-expected Purchasing Managers Index (PMI) data.
Fxstreet
Thu, May 22
GBP/JPY Price Forecast: Holds steady above 193.00 as the pair bottoms
The GBP/JPY registers modest gains as Friday’s Asian session begins, carrying on an upbeat mood as the pair gained over 0.23% on Thursday, bottoming at around the 192.00 area. At the time of writing, the cross-pair trades at 193.14 virtually unchanged.
Fxstreet
Thu, May 22
FOREX-US dollar gains, sentiment still frayed; euro falters
US house passes Trump tax billTrump bill could add $3.8 trillion to debt over next decadeEuro drops on soft dataUS jobless claims suggest stable labor market so farBitcoin hits record high By Gertrude Chavez-Dreyfuss NEW YORK, May 22 (Reuters) - The U.S. dollar advanced on Thursday after three da...Reuters
Thu, May 22
USD/JPY Price Forecast: Rebounds towards 144.00 after seven-day slide
The USD/JPY snapped seven straight days of losses and climbed over 0.20% on Thursday late during the North American session. The Yen’s recent depreciation despite falling US Treasury yields and amid the lack of a catalyst could be attributed to traders booking profits ahead of the weekend.
Fxstreet
Thu, May 22
CANADA FX DEBT-Canadian dollar steadies ahead of retail sales data
Loonie trades in a range of 1.3847 to 1.3889Price of U.S. oil settles 0.6% lowerBond yields ease across the curveBy Fergal Smith TORONTO, May 22 (Reuters) - The Canadian dollar steadied against its U.S. counterpart on Thursday as the greenback notched broad-based gains and ahead of domestic retai...Reuters
Thu, May 22
EUR/USD slides below 1.13 as strong US data undermines Eurozone PMIs
EUR/USD tumbled below 1.1300 on Thursday as economic data from the United States (US) fared better than expected compared to Eurozone Flash Purchasing Managers Index (PMI) figures for May. At the time of writing, EUR/USD trades at 1.1271, down by 0.55%.
Fxstreet
Thu, May 22
EU Economic Commissioner Dombrovskis: G7 ministers discussed further EU energy sanctions on Russia
The Group of 7 (G7) finance leaders wrapped up its most recent summit on Thursday, with EU Economic Commissioner Valdis Dombrovskis characterizing the talks as “positive and successful,” particularly in advancing support for Ukraine and addressing global economic imbalances.Fxstreet
Thu, May 22
GBP/USD holds above 1.3400 as US PMI strength offsets fiscal worries
The British Pound (GBP) is navigating choppy price action against the US Dollar (USD) on Thursday, holding above the 1.3400 psychological mark to trade near 1.3410 during the American session, as traders digest the latest business activity data from both sides of the Atlantic.Fxstreet
Thu, May 22
US Treasury unveils plan to end production of penny coin
Treasury plans to phase out production in 2026Expects annual savings of $56 millionMove comes amid cost concernsBy Ryan Patrick Jones May 22 (Reuters) - The federal government is winding down production of the penny coin following a bipartisan effort to nix the lowest-denomination of U.S. currenc...Reuters
Thu, May 22
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
Thu, May 22
FOREX-US dollar modestly recovers, but sentiment still tense; euro wobbles
US house passes Trump tax billTrump bill could add $3.8 trillion to debt over next decadeEuro drops on soft dataUS jobless claims suggest stable labor market so farBitcoin hits record high By Gertrude Chavez-Dreyfuss and Samuel Indyk NEW YORK/LONDON, May 22 (Reuters) - The U.S. dollar advanced on...Reuters
Thu, May 22
ECB's Nagel: market felt close to 'nuclear meltdown' after tariffs
BANFF, Alberta, May 22 (Reuters) - Financial markets appeared close to "nuclear meltdown" after the United States announced sweeping tariffs on April 2, European Central Bank policymaker Joachim Nagel said on Thursday, arguing this helped discipline the U.S. administration.U.S. stocks, bonds...Reuters
Thu, May 22
