News
Important Only
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
EMERGING MARKETS-Romanian markets rally as pro-EU centrist wins presidency
EM stocks down 0.5%; FX up 0.6%Centrist Nicusor Dan wins Romanian presidencyJPMorgan says Dan election win reduces political riskMoody downgrades US credit rating By Pranav Kashyap and Nikhil Sharma May 19 (Reuters) - Romanian assets surged on Monday after a pro-European Union centrist won the na...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 talks in focusBy Rocky Swift, Kevin Buckland and Lucy Raitano TOKYO, May 19 (R...Reuters
Mon, May 19
Philippine central bank says there is no sign FX is part of U.S. trade talks
MANILA, May 19 (Reuters) - The Philippine central bank said there is no indication that its management of the peso's exchange rate is part of trade negotiations with the U.S. government, as it signalled a preference for non-interest rate tools to manage capital inflows.The Bangko Sentral ng Pili...Reuters
Mon, May 19
USD/CAD Price Forecast: Test initial support near 1.3950, followed by nine-day EMA
The USD/CAD pair is losing ground after registering gains in the previous session, trading around 1.3950 during the European hours on Monday. The daily chart's technical analysis suggested a sustained bullish sentiment, as the pair continues to trade within the ascending channel pattern.
Fxstreet
Mon, May 19
Pound Sterling trades firmly ahead of EU-UK trade summit
The Pound Sterling (GBP) trades higher against its major peers, except the Euro (EUR), at the start of the week. The British currency moves higher ahead of the European Union (EU)-United Kingdom (UK) trade summit in London on Monday.
Fxstreet
Mon, May 19
Russian rouble strengthens vs dollar ahead of Trump-Putin call
MOSCOW, May 19 (Reuters) - The Russian rouble strengthened against the U.S. dollar on Monday ahead of a planned telephone call between U.S. President Donald Trump and Russian President Vladimir Putin about peace in Ukraine.Trump and Putin are expected to speak later in the day, as European leaders d...Reuters
Mon, May 19
Romania election win for Dan reduces political risk ahead, says JPMorgan
LONDON, May 19 (Reuters) - JPMorgan said on Monday that an election win by Romania's centrist Bucharest mayor Nicusor Dan is reducing political risk ahead and that a sovereign ratings downgrade to below investment grade was now less of a concern. The Wall Street bank adjusted its forecasts foll...Reuters
Mon, May 19
USD/CHF trades near 0.8350, pulls back from recent gains due to market caution
USD/CHF is retreating from gains made in the previous session, trading near 0.8360 during Asian hours on Monday. The decline follows a surprise downgrade of the US government's credit rating, which sparked renewed selling in the US fixed income market.
Fxstreet
Mon, May 19
USD/INR rises on strong importer demand, foreign fund outflows
The Indian Rupee (INR) remains subdued against the US Dollar (USD) on Monday, continuing its losing streak for the sixth successive day. Moreover, fresh USD demand from importers and ongoing foreign fund outflows continue to weigh on the INR.Fxstreet
Mon, May 19
FOREX-Dollar slips after US credit downgrade, Aussie edges higher before RBA
Dollar dips to one-week 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"By Rocky Swift and Kevin Buckland TOKYO, May 19 (Reuters) - The U.S. dollar dipped ...Reuters
Mon, May 19
