News
Important Only
GBP/USD rallies as Moody’s cut US credit rating, UK-EU "reset" relations
The Pound Sterling posted solid gains on Monday as the Greenback gets battered due to Moody’s lowering US debt rating to Aa1, a headwind for the US Dollar. At the time of writing, the GBP/USD trades at 1.3360, up 0.71%.
Fxstreet
Mon, May 19
EUR/JPY snaps three-day losing streak, edges higher as Eurozone inflation holds steady
EUR/JPY trades modestly higher near 163.20 on Monday, snapping a three-day losing streak, as investors digest steady Eurozone inflation data, flexible policy signals from the Bank of Japan (BoJ), and fresh geopolitical developments ahead of key economic releases.
Fxstreet
Mon, May 19
FOREX-Dollar retreats on US ratings downgrade; trade tensions persist
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 Lucy Raitano and Gertrude Chavez-Dreyfuss LONDON/NEW YORK, May 19 (Reuters) -...Reuters
Mon, May 19
USD/CHF declines to near 0.8330 as US Dollar underperforms across the board
The USD/CHF pair trades 0.5% lower to near 0.8330 during North American trading hours on Monday. The Swiss Franc pair weakens as the US Dollar (USD) faces a sharp selling pressure due to erosion in the United States (US) Sovereign Credit Rating.
Fxstreet
Mon, May 19
NZD/USD recovers above 0.5900 as traders weigh US downgrade, mixed New Zealand data
The New Zealand Dollar (NZD) is recovering firmly above the 0.5900 mark agains the US Dollar (USD) on Monday, last seen trading around 0.5910, up nearly 0.50% on the day. The NZD/USD pair draws support from broad US Dollar weakness following Moody’s downgrade of the US credit rating.
Fxstreet
Mon, May 19
White House adviser says Moody's downgrade should not be a surprise
WASHINGTON, May 19 (Reuters) - White House economic adviser Kevin Hassett on Monday dismissed the downgrade of the United States' remaining AAA-credit rating from a major ratings agency last week, saying the move should not be a surprise.Treasury yields rose and the dollar and stock index future...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 0.2% higher at C$1.3939 to the greenback, or 71.74 U.S. cents, after trading in a range of 1.3939 to 1.3975.Canadian government 10-year bond yields CA10YT...Reuters
Mon, May 19
Hundred roubles to dollar would be acceptable, says Russian government source
Authorities concerned rouble could weaken too farRouble has surged by 40% vs dollar this yearAny failure of Ukraine talks could trigger slide, analysts sayLower oil price or interest rate cut also potential triggers By Darya Korsunskaya MOSCOW, May 19 (Reuters) - The Russian economy could cope wi...Reuters
Mon, May 19
Mexican Peso steadies as Moody’s downgrade pressures the US Dollar
The Mexican Peso (MXN) remains firm against the US Dollar (USD) as markets react to renewed uncertainty following Moody’s downgrade of the US credit rating. The decision to lower the sovereign rating to AA1 from AAA has prompted a reassessment of the US Dollar’s status.
Fxstreet
Mon, May 19
Microstrategy - Class Action Lawsuit Filed Against Co And Executives - SEC Filing
May 19 (Reuters) - Microstrategy Inc MSTR.O:MICROSTRATEGY INC - CLASS ACTION LAWSUIT FILED AGAINST MICROSTRATEGY AND EXECUTIVES - SEC FILINGMICROSTRATEGY INC - LAWSUIT ALLEGES MISLEADING STATEMENTS ON BITCOIN STRATEGY - SEC FILINGMICROSTRATEGY INC - DURING PERIOD MAY 12, 2025 TO MAY 18, 2025, BOUGHT...Reuters
Mon, May 19
FOREX-Dollar falls after US credit downgrade, trade tensions weigh
Dollar dips to ten-day low vs yen as traders weigh U.S. outlookU.S. trade tensions simmer, FT reports thaw with EUBessent warns of April 2 tariff levels for nations that don't negotiate "in good faith"UK-EU defence and trade ties 'reset'By Rocky Swift, Kevin Buckland and Lucy Rai...Reuters
Mon, May 19
RPT-COLUMN- Undimmed US 'exceptionalism' seems improbable :Mike Dolan
By Mike Dolan LONDON, May 19 (Reuters) - With heads still spinning from Wall Street's 180 degree turn over the past six weeks, investors are skeptical over still 'exceptional' U.S. stock market valuations that have barely flinched.Few doubt a de-escalation of Washington's trade wa...Reuters
Mon, May 19
EXPLAINER-The 'triple A' sovereign bond club has shrunk
LONDON, May 19 (Reuters) - The group of governments whose bonds get the highest ranking just got smaller, after the United States lost its last triple-A credit rating from Moody's. The agency on Friday downgraded the U.S. rating by a notch to "Aa1" from "Aaa", citing rising debt ...Reuters
Mon, May 19
USD/JPY tumbles below 145.00 as Moody’s downgrade weighs on the US Dollar
The Japanese Yen (JPY) extends its winning streak against the US Dollar (USD) into a fifth consecutive day on Monday, with USD/JPY falling below the 145.00 psychological mark to trade near 144.70 during the European session, driven by broad-based USD weakness and fresh hawkish signals from the BankFxstreet
Mon, May 19
AUD/USD Price Forecast: Jumps to near 0.6450 on US downgrade
The AUD/USD pair gains sharply to near 0.6450 during European trading hours on Monday. The Aussie pair strengthens as the US Dollar (USD) underperforms after Moody’s downgraded the United States (US) Sovereign credit rating to Aa1 from Aaa in the wake of mounting debt levels.
Fxstreet
Mon, May 19
Sterling rises against weaker dollar as UK-EU agree trade reset
By Lucy Raitano (Reuters) May 19 - The pound rose against a weaker dollar and fell against the euro on Monday after Britain agreed a major trade and defence reset with the European Union, though FX market attention stayed on U.S. developments. Britain agreed the most significant reset of ties wit...Reuters
Mon, May 19
USD/JPY: Major support at 144.50 is unlikely to come under threat – UOB Group
US Dollar (USD) could drop below 144.90 against Japanese Yen (JPY); the major support at 144.50 is unlikely to come under threat. In the longer run, USD remains in consolidation, but likely within a tighter range of 144.50/147.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, May 19
NZD/USD: Expected to edge higher and test 0.5920 – UOB Group
There has been a tentative buildup in upward momentum; NZD is expected to edge higher and test 0.5920. In the longer run, outlook remains mixed, but NZD is likely to trade in a tighter range of 0.5835/0.5985, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, May 19
