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Pound Sterling extends gains against US Dollar as hit from US debt downgrade lingers
The Pound Sterling (GBP) rises to near 1.3380 against the US Dollar (USD) during European trading hours on Tuesday. The GBP/USD pair gains for a second consecutive day as the US Dollar continues to suffer due to a one-notch downgrade in the United States (US) sovereign credit by Moody’s Rating.Fxstreet
Tue, May 20
QUOTES-Reaction to Japanese super-long bond yields hitting record highs
SINGAPORE, May 20 (Reuters) - Japan's longest-dated government bond yields climbed to all-time highs on Tuesday, after a poor auction sparked a selloff in the bond market as worries about the country's fiscal health grow.The 30-year JGB yield JP30YTN=JBTC soared 17 basis points to 3.14%, wh...Reuters
Tue, May 20
NZD/USD Price Forecast: Hovers around 0.5950, confines within a consolidation rectangle
The NZD/USD pair halts its two-day winning streak, trading around 0.5930 during the European hours on Tuesday. Daily chart technicals suggest a neutral outlook, with the pair remaining confined within a consolidation rectangle.
Fxstreet
Tue, May 20
Russian rouble rises against US dollar after Trump-Putin call
MOSCOW, May 20 (Reuters) - The Russian rouble strengthened to just above 80 against the U.S. dollar on Tuesday, following a call between United States President Donald Trump and Russian President Vladimir Putin on ceasefire talks in Ukraine.By 0740 GMT, the rouble RUB= was up 0.5% at 80.30 per U.S. ...Reuters
Tue, May 20
Australia's central bank cuts rates, open to more easing as global risks mount
Trump's tariffs impact Australia's economic outlookGovernor Bullock signals potential for further rate cutsSwaps imply 60% chance of another rate cut in JulyRBA sees inflation lower, unemployment higher due to trade tensionsBy Stella Qiu and Wayne Cole SYDNEY, May 20 (Reuters) - Australia...Reuters
Tue, May 20
USD/CHF remains on the defensive below 0.8350 on weaker US Dollar
The USD/CHF pair remains under selling pressure around 0.8335 during the early European session on Tuesday. The rising bets that the Federal Reserve (Fed) will lower borrowing costs further this year weigh on the Greenback against the Swiss Franc.
Fxstreet
Tue, May 20
USD/CAD flat lines around mid-1.3900s; looks to Canadian inflation data for fresh impetus
The USD/CAD pair extends its sideways consolidative price move heading into the European session on Tuesday and currently trades around mid-1.3900s, nearly unchanged for the day. Moreover, the mixed fundamental backdrop warrants some caution before placing aggressive directional bets.
Fxstreet
Tue, May 20
EUR/JPY weakens below 163.00 on BoJ rate hike bets
The EUR/JPY cross trades in negative territory around 162.70 during the early European session on Tuesday. The growing expectation that the Bank of Japan (BoJ) will raise interest rates again this year underpins the Japanese Yen (JPY) against the Euro (EUR).
Fxstreet
Tue, May 20
EUR/USD Price Forecast: Tests descending channel’s upper boundary near 1.1250
EUR/USD remains steady after registering more than 0.50% gains in the previous session, trading around 1.1240 during the Asian hours on Tuesday. On the daily chart, technical analysis indicates a bearish bias is in play, as the pair continues to trade lower within a descending channel pattern.Fxstreet
Tue, May 20
Australia dollar slips as RBA cuts rates, warns on global outlook
By Wayne Cole SYDNEY, May 20 (Reuters) - The Australian dollar slipped on Tuesday after the country's central bank cut interest rates as expected while highlighting the economic risks from a global trade war, supporting market wagers for further easing ahead.The Reserve Bank of Australia trim...Reuters
Tue, May 20
FOREX-Dollar trades sideways before tax vote, Aussie falls after RBA
By Rocky Swift TOKYO, May 20 (Reuters) - The dollar traded sideways on Tuesday after declining for a week, hemmed in by the Federal Reserve's caution over the economy and as U.S. lawmakers came closer to passing a bill expected to widen the nation's fiscal deficit.The greenback sold off b...Reuters
Tue, May 20
AUD/JPY attracts some sellers to near 93.00, eyes on RBA Press Conference
The AUD/JPY cross faces some selling pressure to near 93.00 during the Asian trading hours on Tuesday. The Australian Dollar (AUD) edges lower against the Japanese Yen (JPY) after the Reserve Bank of Australia's (RBA) interest rate decision.
Fxstreet
Tue, May 20
