News
Important Only
Japan finance minister to continue dialogue with Bessent based on forex consensus
TOKYO, May 16 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Friday that he would seek to discuss foreign exchange issues with U.S. Treasury Secretary Scott Bessent based on the understanding that excessive currency volatility is undesirable."We reaffirmed at our meeting on April 2...Reuters
Fri, May 16
EUR/USD whipsaws on Thursday to end right where it started
EUR/USD whipsawed on Thursday, briefly dipping back below the 50-day Exponential Moving Average (EMA) and tapping the 1.1000 level for the second time in a week. A late recovery pushed Fiber bids back to where they started the trading day, near the 1.1200 handle.
Fxstreet
Thu, May 15
GBP/USD holds in consolidation pattern as data beats expectations on Wednesday
GBP/USD turned lower on Thursday, shaving off a few points and keeping bids stuck to a near-term consolidation range just south of 1.3300 as markets got more or less what they wanted from economic data releases during both the London and American market sessions.
Fxstreet
Thu, May 15
USD/CAD loses ground to near 1.3950 on weak US economic data
The USD/CAD pair loses ground to near 1.3955 during the early Asian session on Friday. The Greenback weakens against the Canadian Dollar (CAD) as US economic data fueled speculation that the Federal Reserve (Fed) will resume interest rate cuts in the coming months.
Fxstreet
Thu, May 15
Mexican Peso falls as Banxico cuts rates, USD/MXN rises
The Mexican Peso (MXN) depreciated against the US Dollar (USD) on Thursday after the Banco de Mexico (Banxico) reduced rates as expected, amid weaker-than-expected economic data from the United States (US). At the time of writing, the USD/MXN trades at 19.49, up 0.61%.
Fxstreet
Thu, May 15
CORRECTED-Bank of Mexico lowers key interest rate to 8.5%
MEXICO CITY, May 15 (Reuters) - The Bank of Mexico lowered its benchmark interest rate by 50 basis points to 8.50% on Thursday, as inflation remains within the bank's target range, saying it could continue cutting by a similar magnitude at future monetary policy meetings.The decision by the cent...Reuters
Thu, May 15
CANADA FX DEBT-Canadian dollar gains as investors eye Fed easing prospects
Canadian dollar gains 0.1% against the greenbackTrades in a range of 1.3960 to 1.4004Price of U.S. oil settles 2.4% lowerBond yields ease across the curveBy Fergal Smith TORONTO, May 15 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Thursday as U.S. economic data fue...Reuters
Thu, May 15
FOREX-US dollar dips as retail sales growth slows
Retail sales growth slowsInitial jobless claims indicate stable labor marketPPI shows surprise dropBy Chuck Mikolajczak NEW YORK, May 15 (Reuters) - The U.S. dollar slipped on Thursday after a flurry of economic data, including a gauge of consumer health that showed retail spending slowed in Apri...Reuters
Thu, May 15
GBP/USD rises towards 1.3300 as UK economy grows above forecasts
The Pound Sterling extended its gains against the US Dollar, driven by a positive reading of economic growth in the UK and softer-than-expected data in the US, which fueled speculation of a slower economic outlook. At the time of writing, the GBP/USD trades at 1.3293, up 0.31%.Fxstreet
Thu, May 15
EUR/USD price analysis: Euro steadies near 1.1200 amid mixed technical signals
The EUR/USD pair maintained a steady tone near the 1.1200 zone on Thursday, reflecting a cautiously bullish stance after the European session. Price action remains within the middle of its recent range, indicating balanced sentiment despite mixed short-term signals.Fxstreet
Thu, May 15
EUR/CHF price analysis: Cross maintains bearish tone near daily lows on Thursday
The EUR/CHF cross is trading around the 0.9400 zone on Thursday, maintaining a bearish tone as it approaches the lower end of its daily range. The cross remains under pressure as traders assess a mix of technical signals, suggesting further downside risk despite some short-term bullish momentum.Fxstreet
Thu, May 15
