News
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GBP/USD falls to near 1.3400 following mixed UK PMI data
GBP/USD is depreciating after the mixed S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) data was released on Thursday. The pair has maintained its position near 1.3468, the highest since February 2022, reached on Wednesday, and is trading around 1.3410 during the European hours.
Fxstreet
Thu, May 22
EUR/USD briefly dips as Eurozone PMIs unexpectedly decline
EUR/USD faces selling pressure and falls to near 1.1310 during European trading hours on Thursday. The major currency pair drops as the Euro (EUR) underperforms after the release of the surprisingly weak preliminary Eurozone HCOB Purchasing Managers’ Index (PMI) data for May.Fxstreet
Thu, May 22
EUR/JPY declines below 162.00, Eurozone PMI declines unexpectedly
The EUR/JPY pair trades 0.5% lower near 162.00 during European trading hours on Thursday. Investors brace for more weakness in the pair as preliminary Eurozone HCOB Purchasing Managers’ Index (PMI) data has surprisingly declined in May.
Fxstreet
Thu, May 22
FOREX-Dollar pinned lower on fiscal worries, bitcoin extends record rally
US fiscal concerns hurt dollar, support safe-haven yen Bitcoin hits record high as investors seek dollar alternativesTrump bill could add $3.8 trillion to debt over next decade.By Kevin Buckland and Samuel Indyk TOKYO/LONDON, May 22 (Reuters) - U.S. fiscal concerns and a tepid auction of Treasury...Reuters
Thu, May 22
Eurozone Preliminary Manufacturing PMI rises to 49.4 in May vs. 49.3 expected
The Eurozone manufacturing sector remained in contraction, while services sector also followed suit in May, according to data from the HCOB's latest Purchasing Managers' Index (PMI) Survey, published on Thursday.Fxstreet
Thu, May 22
US says it agreed with Japan that dollar-yen reflects fundamentals
BANFF, Alberta, May 21 (Reuters) - U.S. Treasury Secretary Scott Bessent and Japanese Finance Minister Katsunobu Kato agreed on Wednesday that the dollar-yen exchange rate currently reflects fundamentals, the U.S. Treasury Department said, a rare and explicit statement on the market situation.
Reuters
Thu, May 22
