News
Important Only
AUD/USD holds key level of 0.6400, RBA monetary policy in focus
The AUD/USD pair is slightly higher to near 0.6420 during European trading hours on Friday, but is inside Thursday’s trading range. The Aussie pair is expected to trade broadly sideways as investors await the Reserve Bank of Australia’s interest rate decision, which will be announced on Tuesday.
Fxstreet
Fri, May 16
SNB cannot rule out possibility of negative rates, Schlegel says
LUCERNE, Switzerland, May 16 (Reuters) - Swiss National Bank Chairman Martin Schlegel said on Friday he could not rule out that negative interest rates may be needed in future, while reiterating that the central bank is not in favour of them.Reuters
Fri, May 16
Where Does U.S.-Japan Trade Negotiation Stand? Japan “Wants It All”: A Good Deal and a Stable Yen
TradingKey - The main reason for the delay of U.S.-Japan trade negotiation appears to be Japan’s increasingly firm stance — resisting two of President Trump’s core demands: yen appreciation and automotive tariffs.TradingKey
Fri, May 16
USD/JPY: Upward momentum has dissipated – UOB Group
Scope for USD to grind lower and test 144.95 vs Japanese Yen (JPY); a sustained break below this level seems unlikely. In the longer run, upward momentum has dissipated; USD is expected to consolidate in a range of 144.50/148.50 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, May 16
RUB: Unrealistic optimism – Commerzbank
USD/RUB and EUR/RUB are not market-driven or floating exchange rates. Even so, at this time, these exchange rates are reflecting excessive optimism that the US administration will push for a peace treaty with Ukraine and this will involve some of the harsh sanctions on Russia being removed.Fxstreet
Fri, May 16
Sterling on track for fifth weekly rise versus euro, await UK-EU meeting
May 16 (Reuters) - Sterling was on track for its fifth straight weekly rise against the euro on Friday, while hovering near its highest levels since early April. President Donald Trump's April 2 announcement of aggressive trade duties triggered a sharp but brief selloff in U.S. assets in the...
Reuters
Fri, May 16
NZD/USD: Under mild downward pressure – UOB Group
New Zealand Dollar (NZD) is under mild downward pressure against the US Dollar (USD); it could drift lower and test 0.5855. In the longer run, outlook is mixed; NZD is expected to trade in a 0.5835/0.6030 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, May 16
FOREX-Dollar drops with US yields after data, set for fourth weekly rise vs euro
Dollar eases after weak economic dataThe greenback on track for fourth straight weekly rise vs euroSouth Korean won still choppy after sharp rises this weekJapan's economy shrinks as U.S. tariff hit loomsBy Stefano Rebaudo and Rae Wee May 16 (Reuters) - The dollar fell in tandem with U.S. Tre...Reuters
Fri, May 16
ECB may be nearing end of rate cuts but trade war is a risk, policymaker says
PARIS/FRANKFURT, May 16 (Reuters) - European Central Bank interest rates may be close to bottoming out but uncertainty was high and the environment was prone to sudden changes that could also alter the policy outlook, ECB policymaker Martins Kazaks said on Friday.The ECB has been cutting interest ra...Reuters
Fri, May 16
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Friday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 95.92, with the EUR/INR pair rising from its previous close at 95.69.Fxstreet
Fri, May 16
