News
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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
Central bank body BIS flags potential for dollar scramble
By Marc Jones LONDON, May 19 (Reuters) - Central bank body the Bank for International Settlements has flagged a possible scramble for dollars could be triggered if whipsawed investors begin to unwind positions in the $113 trillion FX swap market amid U.S. volatility.The BIS recently estimated tha...Reuters
Mon, May 19
Silver Price Forecast: XAG/USD hovers near $32.30 as USD extends losses
Silver price registers modest gains of 0.20% on Monday as US Treasury bond yields edge lower and the US dollar loses ground, as depicted by the US Dollar Index (DXY). The XAG/USD trades at $32.33 after bouncing off daily lows of $32.24.
Fxstreet
Mon, May 19
AUD/USD rebounds as US Dollar weakens on credit downgrade
The AUD/USD pair is trading around 0.6450 on Monday, extending its recovery from recent lows as the US Dollar (USD) faces renewed selling pressure following Moody's decision to downgrade the United States' long-term sovereign rating from AAA to AA1.
Fxstreet
Mon, May 19
NZD/JPY Price Analysis: Cross holds gains near 85.90 amid mixed momentum
The NZD/JPY pair is trading near the 85.90 zone on Monday, reflecting minor gains as the market approaches the Asian session. Despite the recent upside, the broader technical picture remains mixed, with conflicting signals across both short-term and long-term indicators, keeping traders cautious.
Fxstreet
Mon, May 19
Mexican Peso surges as US Dollar gets battered on Moody’s news
The Mexican Peso (MXN) advanced by 0.60% against the US Dollar (USD) on Monday, as investors shifted away from the Greenback amid Moody’s International rating agency's review of the US government's debt prospects. USD/MXN trades at 19.32 after hitting a daily high of 19.48.
Fxstreet
Mon, May 19
FOREX-Dollar softens on US ratings downgrade; trade tensions back on radar
Dollar dips to more than one-week low vs yen, euro, Swiss francUS trade tensions simmer, FT reports thaw with EUBessent warns nations not negotiating 'in good faith'UK-EU defense and trade ties 'reset'By Gertrude Chavez-Dreyfuss NEW YORK, May 19 (Reuters) - The U.S. dollar decline...Reuters
Mon, May 19
CANADA FX DEBT - Canadian dollar strengthens, benchmark yield climbs
The Canadian dollar strengthened against the greenback on Monday, and the yield on benchmark government debt climbed. The loonie CAD= was trading 0.1% higher at C$1.3957 to the greenback, or 71.65 U.S. cents, after trading in a range of 1.3918 to 1.3975.Canadian government 10-year bond yields CA10YT...Reuters
Mon, May 19
SNB's Schlegel warns high market uncertainty 'poison' for growth
By John RevillLUCERNE, Switzerland, May 19 (Reuters) - Financial market uncertainty is currently "very high", which is "poison" for economic growth, Swiss National Bank chairman Martin Schlegel said on Monday.Speaking in the central city of Lucerne, Schlegel said the outlook for Swis...Reuters
Mon, May 19
USD/CHF drops as US credit downgrade weighs on sentiment
The USD/CHF pair is trading 0.5% lower around 0.8330 during North American trading hours on Monday, reflecting a sharp drop in US Dollar sentiment after Moody's downgraded the United States' long-term credit rating from AAA to AA1.
Fxstreet
Mon, May 19
EUR/USD Price Analysis: Pair holds firm near 1.13 after sharp rise
The EUR/USD pair is trading near the 1.13 zone on Monday, reflecting a strong intraday recovery as the market gains momentum after the European session. Despite the sharp upside move, the broader technical outlook presents a mixed picture, with conflicting signals across different timeframes.
Fxstreet
Mon, May 19
GBP/JPY halts three-day losing streak, rises to 193.60 as UK–EU reset lifts sentiment
GBP/JPY is trading modestly higher near 193.60 on Monday, snapping a three-day losing streak. The pair experienced some volatility early in the session, briefly falling to a low of 192.78 before paring losses.
Fxstreet
Mon, May 19
EUR/CHF Price Analysis: Pair holds near 0.94 amid mixed momentum signals
The EUR/CHF pair is trading near the 0.94 zone on Monday, reflecting minor gains as the market stabilizes within its recent range. Despite the modest upside, the pair remains constrained by a broadly neutral technical outlook, with mixed signals across multiple timeframes.
Fxstreet
Mon, May 19
