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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
IMF says it stands ready to provide Syria with technical assistance
LONDON, May 22 (Reuters) - The International Monetary Fund (IMF) said on Thursday it was ready to provide Syria with technical support after the United States and the European Union announced a lifting of sanctions on the country."Our staff are preparing to support the international community...Reuters
Thu, May 22
Kraken Says We Will Soon Offer Tokenized Versions Of Popular U.S. Listed Stocks And ETFs To Clients In Select Jurisdictions
May 22 (Reuters) - KRAKEN: TAKES WALL STREET ONCHAIN WITH TOKENIZED EQUITIESKRAKEN: WE WILL SOON OFFER TOKENIZED VERSIONS OF POPULAR U.S. LISTED STOCKS AND ETFS TO CLIENTS IN SELECT JURISDICTIONSKRAKEN: WE’RE PLANNING TO EXPAND THAT OFFERING TO CLIENTS IN THE U.K., EUROPE AND AUSTRALIA SOONSource te...Reuters
Thu, May 22
NZD/USD Price Forecast: Slides to near 0.5900
The NZD/USD pair falls to near the round level of 0.5900 during North American trading hours on Thursday. The Kiwi pair slumps after the release of the stronger-than-projected United States (US) Purchasing Managers’ Index (PMI) data for May.
Fxstreet
Thu, May 22
Apple, Tesla And Nvidia Shares To Trade As Digital Tokens On Crypto Exchange Kraken - WSJ
May 22 (Reuters) - APPLE, TESLA AND NVIDIA SHARES TO TRADE AS DIGITAL TOKENS ON CRYPTO EXCHANGE KRAKEN - WSJKRAKEN PLANS TO OFFER TOKENIZED VERSIONS OF OVER 50 STOCKS/ETFS TO NON-U.S. CUSTOMERS, STARTING IN EUROPE, LATIN AMERICA, AFRICA AND ASIA - WSJSource text: https://tinyurl.com/3r3ezhddReuters
Thu, May 22
EUR/GBP pulls back as Eurozone business activity contracts, UK services gain momentum
The EUR/GBP cross edges lower on Thursday, retreating after a three-day rally to trade near 0.8420 at the start of the American session as investors digest a mixed batch of economic data from both sides.
Fxstreet
Thu, May 22
Russian rouble hits near two-year high against US dollar
MOSCOW, May 22 (Reuters) - The Russian rouble hit its highest level in nearly two years against the dollar on Wednesday, after crossing the 80 mark against the U.S. currency in the previous session. By 1300 GMT, the rouble RUB= was up 0.3% at 79.54 per U.S. dollar, LSEG data based on over-the-coun...Reuters
Thu, May 22
CANADA FX DEBT - Canadian dollar weakens, benchmark yield slips
The Canadian dollar weakened against the greenback on Thursday, and the yield on benchmark government debt slipped. The loonie CAD= was trading 0.1% lower at C$1.3876 to the greenback, or 72.07 U.S. cents, after trading in a range of 1.3847 to 1.3885.Canadian government 10-year bond yields CA10YT=RR...Reuters
Thu, May 22
FOREX-Euro wobbles as data paints gloomy outlook, focus on US budget
US fiscal concerns hurt dollar, support safe-haven yen Euro drops on soft dataBitcoin hits record high Trump bill could add $3.8 trillion to debt over next decadeBy Samuel Indyk and Kevin Buckland LONDON, May 22 (Reuters) - The euro wobbled on Thursday as data painted a bleak economic picture...Reuters
Thu, May 22
