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USD/CHF extends downside to near 0.8250, US PMI data in focus
The USD/CHF pair extends the decline to around 0.8250 during the early European session on Thursday. The Greenback weakens against the Swiss Franc (CHF) due to US fiscal concerns. Traders will take more cues from the advanced US S&P Purchasing Managers Index (PMI) for May.
Fxstreet
Thu, May 22
FOREX-Dollar swoons 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 TOKYO, May 22 (Reuters) - U.S. fiscal concerns and a tepid auction of Treasury bonds pushed the dollar...Reuters
Thu, May 22
EUR/JPY Price Forecast: Keeps bullish vibe, first upside target emerges above 163.00
The EUR/JPY cross attracts some sellers to around 162.35 during the early European session on Thursday. The Japanese Yen (JPY) weakens against the Euro (EUR) amid the growing speculation that the Bank of Japan (BoJ) will hike interest rates again this year.
Fxstreet
Thu, May 22
Asia FX gains for three straight days, Sri Lanka cuts interest rates
May 22 (Reuters) - Emerging Asian currencies strengthened for a third consecutive session on Thursday, buoyed by weakness in the U.S. dollar, while regional equity markets were subdued due to concerns over the deteriorating U.S. fiscal outlook.Reuters
Thu, May 22
Thai minister says FX is not part of trade talks
BANGKOK, May 22 (Reuters) - Thailand's baht exchange rate is not part of trade negotiations with the United States as the currency is too strong, the commerce minister said on Thursday, as the government seeks trade talks with Washington to reduce steep U.S. tariffs.Thailand will face a 36% U.S....Reuters
Thu, May 22
REFILE-Japan's Kato, U.S.'s Bessent did not discuss forex levels
May 22 (Reuters) - Japan's top currency diplomat, Atsushi Mimura, said Finance Minister Katsunobu Kato and U.S. Treasury Secretary Scott Bessent did not discuss forex levels following the U.S. statement that they agreed the current exchange rate reflects fundamentals.Reuters
Thu, May 22
EUR/USD hovers near 1.1350, two-week highs ahead of HCOB PMI for Eurozone
EUR/USD is hovering around 1.1340, close to two-week highs during the Asian trading hours. The Euro (EUR) continues its winning streak for the fourth consecutive session ahead of the HCOB Purchasing Managers Index (PMI) for the Eurozone, scheduled to be released later in the day.Fxstreet
Thu, May 22
USD/INR softens ahead of Indian/US PMI releases
The Indian Rupee (INR) gathers strength on Thursday. The strength in Asian peers, a weaker US Dollar (USD) and lower crude oil prices provide some support to the Indian currency. Furthermore, a multi-phase trade deal between the US and India might contribute to the INR’s upside.Fxstreet
Thu, May 22
New Zealand dollar struggles as tight budget signals more policy easing
SYDNEY, May 22 (Reuters) - The New Zealand dollar eased on Thursday as the government's tight budget position reinforced the need for policy easing as soon as next week to fend off global risks, while its Australian cousin flatlined.New Zealand's government forecast a narrower budget deficit...Reuters
Thu, May 22
Japanese Yen advances to fresh two-week highs against a weaker USD
The Japanese Yen (JPY) regained positive traction following an early Asian session slide in reaction to Japan's upbeat Machinery Orders data, which countered recession fears and boosted hopes for an economic recovery.
Fxstreet
Thu, May 22
Australian Dollar holds ground following release of S&P PMI data
The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Thursday, extending its gains for the second successive day. The AUD/USD pair maintains its position following the release of the preliminary S&P Global Purchasing Managers Index (PMI) data.
Fxstreet
Thu, May 22
FOREX-Dollar swoons on fiscal worries, bitcoin extends record rally
U.S. fiscal concerns hit dollar, yen strengthensBitcoin reaches record high as investors seek dollar alternativesRepublicans divided over Trump's spending and tax-cut billBy Kevin Buckland TOKYO, May 22 (Reuters) - U.S. fiscal concerns and a tepid auction of Treasury bonds slapped the dollar ...Reuters
Thu, May 22
