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NZD/USD rebounds toward 0.5900 despite increased risk aversion
NZD/USD inches higher after two days of losses, trading around 0.5880 during the Asian hours on Tuesday. The pair holds ground as the US Dollar (USD) lost its daily gains despite increased safe-haven demand following uncertainty surrounding the Middle East conflict.
Fxstreet
Tue, May 5
AUD: RBA’s precautionary hike fails to lift currency – Commerzbank
Commerzbank’s Volkmar Baur notes that the Reserve Bank of Australia (RBA) has raised rates for the third time this year to 4.35%, prioritizing inflation expectations and second‑round risks over softer March Consumer Price Index (CPI).Fxstreet
Tue, May 5
USD/INR: Underperformance risk and capital outflows – MUFG
Michael Wan at MUFG highlights that the Indian Rupee entered the Iran conflict period already facing strong capital outflows, shaping its vulnerability. The Reserve Bank of India is reportedly considering measures to attract Dollar inflows, including a possible FCNR swap scheme and tax changes.Fxstreet
Tue, May 5
AUD/USD Price Forecast: Softens below 0.7150 after RBA rate hike, but maintains bullish bias
The AUD/USD pair declines to near 0.7145 during the early European trading hours on Tuesday. The Australian Dollar (AUD) remains weak despite a widely expected 25 basis point (bps) interest rate hike by the Reserve Bank of Australia (RBA).Fxstreet
Tue, May 5
EUR/JPY holds below 184.00 as Japanese Yen steadies on suspected Japanese intervention
EUR/JPY extends its losses for the second consecutive day, trading around 183.80 during the Asian hours on Tuesday. The currency cross weakens as the Japanese Yen (JPY) stabilizes against major peers amid cautious trading, following suspected intervention by Japanese authorities last week.
Fxstreet
Tue, May 5
USD/JPY: Intervention and weak core CPI cap Yen support – Commerzbank
Commerzbank’s Volkmar Baur reports that Japanese authorities appear to be intervening around USD/JPY 157 after the pair briefly hit 160.72. Tokyo inflation data show headline gains driven solely by energy, while core inflation has fallen to a one‑year low.Fxstreet
Tue, May 5
AUD/JPY trims losses near 112.50 as RBA hikes official cash rate to 4.35%
The AUD/JPY cross pares losses near 112.65 during the early European trading hours on Tuesday. The Australian Dollar (AUD) edges slightly higher after the Reserve Bank of Australia (RBA) interest rate decision.
Fxstreet
Tue, May 5
USD/CAD Price Forecast: Bulls hesitant above 1.3600 as Oil prices counter USD strength
The USD/CAD pair struggles to capitalize on a two-day-old recovery move from the 1.3550 area, or its lowest level since March 10, and oscillates in a range during the Asian session on Tuesday. Spot prices currently trade around the 1.3620 area amid a combination of diverging forces.Fxstreet
Tue, May 5
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