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EUR/GBP trims recent gains below 0.8450 after hotter UK CPI data
The EUR/GBP cross trims recent gains near 0.8435 during the early European session on Wednesday. The Pound Sterling (GBP) edges slightly higher against the Euro (EUR) after the release of UK Consumer Price Index (CPI) inflation data for April.
Fxstreet
Wed, May 21
UK's Reeves disappointed after inflation jumps
LONDON, May 21 (Reuters) - British finance minister Rachel Reeves said on Wednesday that she was disappointed with data that showed a higher-than-expected jump in inflation last month. "I am disappointed with these figures because I know cost of living pressures are still weighing down on workin...Reuters
Wed, May 21
UK inflation jumps to higher-than-expected 3.5% in April, ONS says
LONDON, May 21 (Reuters) - British inflation jumped to a higher-than-expected annual rate of 3.5% in April from 2.6% in March, official figures showed on Wednesday.A Reuters poll of economists had pointed to a reading of 3.3% in April while the Bank of England earlier this month projected inflation ...Reuters
Wed, May 21
FOREX-Dollar drops as traders eye Trump tax bill, G7 currency talks
Trump failed to convince Republican holdouts who could block billBessent to talk currencies with Japanese counterpart on G7 sidelines"Sell America" investment theme continues to weigh on dollarBy Kevin Buckland TOKYO, May 21 (Reuters) - The U.S. dollar fell on Wednesday, extending a two-d...Reuters
Wed, May 21
USD/CHF drops to two-week low, eyes 0.8200 amid sustained USD selling bias
The USD/CHF pair continues to lose ground for the third successive day and drops to a two-week low, around the 0.8220-0.8215 region during the Asian session on Wednesday. Moreover, the fundamental backdrop suggests that the path of least resistance for spot prices remains to the downside.
Fxstreet
Wed, May 21
GBP/USD Price Forecast: Rises toward highs since February 2022 near 1.3450
The GBP/USD pair extends its winning streak for the third successive session, trading around 1.3430 during Wednesday's Asian hours. The technical analysis of the daily chart suggests a persistent bullish bias as the pair remains within an ascending channel pattern.
Fxstreet
Wed, May 21
USD/INR strengthens on US Dollar bids from foreign banks
The Indian Rupee (INR) edges lower on Wednesday. The US Dollar (USD) bids from foreign banks, likely on behalf of custodial clients, and the weaker Chinese Yuan weigh on the Indian currency. Additionally, a decline in local equities and a rise in crude oil prices also undermine the INR.Fxstreet
Wed, May 21
INDIA RUPEE-Fed comments weigh on dollar, set stage for slight rupee upside
By Nimesh Vora MUMBAI, May 21 (Reuters) - The Indian rupee is set to open marginally higher on Wednesday, buoyed by a decline in the U.S. dollar after Federal Reserve officials adopted a cautious tone on the U.S. economic outlook.The 1-month non-deliverable forward indicated an open in the 85.56...Reuters
Wed, May 21
Australia, NZ dollars edge up, bonds celebrate RBA's dovish turn
By Wayne Cole SYDNEY, May 21 (Reuters) - The Australian and New Zealand dollars regained some ground on Wednesday as economic worries undermined their U.S. counterpart, while bonds basked in the afterglow of a surprisingly dovish cut in domestic interest rates.Markets have priced in an extra easi...Reuters
Wed, May 21
NZD/USD holds above 0.5900 on weaker US Dollar, renewed US-China tensions might cap its upside
The NZD/USD pair attracts some buyers to around 0.5935 during the early Asian session on Wednesday, bolstered by a weaker US Dollar (USD). The Federal Reserve’s (Fed) Thomas I. Barkin is scheduled to speak later on Wednesday.
Fxstreet
Wed, May 21
EUR/USD climbs on Greenback weakness, but key technical barriers remain in place
EUR/USD caught a bounce for a second day in a row on Tuesday, bolstering the pair back toward the 1.1300 handle. Despite a near-term rise in bullish momentum bolstering the Fiber, EUR/USD remains well back from recent multi-year highs near 1.1575.Fxstreet
Tue, May 20
USD/CAD softens to near 1.3900 on caution over US economy
The USD/CAD pair extended its decline to near 1.3910 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the Canadian Dollar (CAD) amid renewed concerns over the US economy. Traders will keep an eye on the speech from the Federal Reserve’s (Fed) Thomas I.Fxstreet
Tue, May 20
