News
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Australia's central bank cuts rates to two-year low of 3.85%
SYDNEY, May 20 (Reuters) - Australia's central bank on Tuesday cut its main cash rate by 25 basis points to a two-year low of 3.85% citing a darker global outlook and cooling inflation at home, though it also remained cautious on further easing.Wrapping up a two-day policy meeting, the Reserve B...Reuters
Tue, May 20
New Japan theme park aims to tap tourism boom, become springboard to Asian markets
Junglia nature adventure park in Okinawa to open July 25 Park aims to take advantage of boom in overseas touristsStartup hopes park will be stepping stone into other Asia marketsBy Rocky Swift and Kentaro Okasaka TOKYO, May 20 (Reuters) - The company behind a new nature adventure park on Japan...Reuters
Tue, May 20
GBP/USD maintains position above 1.3350 as US Dollar weakens on economic concerns
GBP/USD continues its upward momentum for the second consecutive session, hovering near 1.3360 during Asian trading hours on Tuesday. The Pound Sterling (GBP) is strengthening as the US Dollar (USD) softens in response to Moody’s Ratings downgrading the US credit rating from Aaa to Aa1.
Fxstreet
Tue, May 20
FOREX-Dollar trades sideways before tax vote, Aussie holds gain before 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
USD/INR gathers strength on bets for more RBI rate cuts
The Indian Rupee (INR) weakens on Tuesday. Consumer inflation in India fell more than expected to a near six-year low in April, strengthening bets that the Reserve Bank of India (RBI) is due to extend its rate cutting cycle. This, in turn, undermines the Indian currency.Fxstreet
Tue, May 20
Japan-US to base talks on past FX agreement, Kato says
By Leika Kihara TOKYO, May 20 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Tuesday he expects any bilateral meeting with U.S. Treasury Secretary Scott Bessent on exchange rates to be based on their shared view that excessive currency volatility was undesirable."In our previous...Reuters
Tue, May 20
NZD/USD remains subdued near 0.5900 following PBoC rate cut
NZD/USD edges lower during Tuesday’s Asian session, trading around 0.5920 after climbing over 0.50% in the previous session. The pair remained under pressure following the People's Bank of China's (PBoC) latest interest rate decision.
Fxstreet
Tue, May 20
Australian Dollar remains subdued following PBoC’s Interest Rate Decision, RBA eyed
The Australian Dollar (AUD) dips against the US Dollar (USD) on Tuesday, following a gain of over 0.50% in the previous session. The AUD/USD pair remains under pressure after the People's Bank of China (PBoC) announced its Interest Rate Decision.
Fxstreet
Tue, May 20
Japan-US to base talks on past FX agreement, Kato says
TOKYO, May 20 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Tuesday he expects any bilateral meeting with U.S. Treasury Secretary Scott Bessent on exchange rates to be based on their shared view that excessive currency volatility was undesirable."In our previous meeting, we confir...
Reuters
Tue, May 20
Australia's Opposition coalition splits as National Party pulls back
The Australian Dollar (AUD) is losing further ground across its major rivals, undermined by the latest political turmoil in Australia. However, traders remain cautious ahead of the Reserve Bank of Australia (RBA) policy announcement due later at 4.30 GMT.Fxstreet
Tue, May 20
FOREX-Dollar trades sideways before tax vote, Aussie holds gain before RBA
By Rocky Swift TOKYO, May 20 (Reuters) - The dollar traded sideways on Tuesday after having glided lower for a week, hemmed in by the Fed'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 bro...Reuters
Tue, May 20
EUR/USD bolstered by weakness in USD flows on Monday
EUR/USD tested into the high end on Monday, drifting briefly toward the 1.1300 handle before settling back slightly, although the pair still ended the day higher overall. However, Fiber remains trapped in a near-term consolidation zone.
Fxstreet
Mon, May 19
ANALYSIS-Dollar set for more weakness as 'Brand USA' falls further out of favor
Investors still see dollar as overvalued even after recent fallFurther rebalancing of global portfolios away from USD assets poses risk to the buckRise in FX hedge ratios could add selling pressureSome investors looking to sell dollar ralliesBy Saqib Iqbal Ahmed, Laura Matthews NEW YORK, May 19 (...Reuters
Mon, May 19
USD/CAD remains weak near 1.3950 ahead of Canadian CPI release
The USD/CAD pair softens to near 1.3950 during the early Asian session on Tuesday. The Greenback edges lower against the Canadian Dollar (CAD) on a surprise downgrade of the US government's credit rating late on Friday and renewed trade tensions.
Fxstreet
Mon, May 19
GBP/USD breaks above recent consolidation on fresh Greenback weakness
GBP/USD rose at the outset of the new trading week, briefly testing the 1.3400 handle for the second time in two weeks. Despite an early bullish push in cable bids, buyers couldn’t lock in a fresh high, and price action trimmed back to a more sedate 1.3350.Fxstreet
Mon, May 19
AUD/JPY Price Forecast: Climbs ahead of RBA decision, floats around 93.50
The AUD/JPY rallied on Monday, gaining over 0.30% as traders brace for the Reserve Bank of Australia (RBA) monetary policy decision. Nevertheless, news that the People's Bank of China (PBoC) might reduce rates and improve risk appetite, as the central bank takes measures to propel China’s economy.
Fxstreet
Mon, May 19
