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USD/CAD edges lower below 1.4000 on softer US Dollar, eyes on US hard data
The USD/CAD pair loses ground to near 1.3975 during the early Asian session on Thursday, pressured by a weaker US Dollar (USD). The US Retail Sales and Producer Price Index (PPI) for April will be the highlights later on Thursday, along with the speech from the Fed’s Chair Jerome Powell.
Fxstreet
Wed, May 14
GBP/USD contracts into near-term midrange ahead of key UK and US data
GBP/USD pared recent gains on Wednesday, trimming back to the low side of the 1.3300 handle and falling back into a choppy near-term consolidation phase as investors buckle down for Thursday’s double feature of key data prints from both the United Kingdom (UK) and the United States (US).
Fxstreet
Wed, May 14
Unemployment rate in Australia expected to hold steady at 4.1% in April
The Australian Bureau of Statistics (ABS) will release the April monthly employment report at 01:30 GMT on Thursday. The country is expected to have added 20K new job positions, while the Unemployment Rate is projected to hold steady at 4.1%.Fxstreet
Wed, May 14
Mexican Peso hits 7-month high amid weak US Dollar, eyes on Banxico
The Mexican Peso (MXN) extended its gains on Wednesday, hitting a seven-month high against the US Dollar (USD) as the latter retreated somewhat amid an improvement in market sentiment fueled by the US-China trade truce. At the time of writing, USD/MXN trades at 19.39, down 0.98%.
Fxstreet
Wed, May 14
Canadian Dollar eases back on data-light Wednesday
The Canadian Dollar (CAD) lost a little bit of ground against the US Dollar (USD) on Wednesday, paring away Tuesday’s limited gains and putting USD/CAD back in touch range of the 200-day Exponential Moving Average (EMA) as the Dollar-Loonie pairing struggles to find fresh momentum and slumps into loFxstreet
Wed, May 14
NZD/USD steadies near bottom of range as Dollar weakens on soft inflation and policy concerns
The NZD/USD pair is hovering near the 0.5900 level after giving back earlier gains in Wednesday trading. The pair remains under modest pressure but shows signs of stabilization as price action consolidates near the lower end of the daily range.
Fxstreet
Wed, May 14
CANADA FX DEBT-Canadian dollar weakens as interest rate spreads widen
Canadian dollar falls 0.3% against the greenbackTrades in a range of 1.3902 to 1.3984Price of U.S. oil settles 0.8% lowerCanada-U.S. 2-year spread widens to 145 basis pointsBy Fergal Smith TORONTO, May 14 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Wednesday as oil...Reuters
Wed, May 14
Brazil eyes Chinese yuan-denominated sovereign bond issue, sources say
By Marcela Ayres BRASILIA, May 14 (Reuters) - Brazil is considering issuing its first-ever sovereign bonds in China, denominated in yuan, said two government sources with knowledge of the government's plans, noting that a final decision on the so-called panda bonds has not yet been made.The p...Reuters
Wed, May 14
FOREX-Dollar rebounds to edge higher, gains in Korea's won ease
Dollar down against won after US-Korea FX talks Fed officials cite need for more dataDollar reverses earlier declinesBy Chuck Mikolajczak NEW YORK, May 14 (Reuters) - The U.S. dollar edged higher on Wednesday, rebounding from earlier declines as investors await fresh signals that global trade bat...Reuters
Wed, May 14
EUR/USD price analysis: Euro steadies near 1.1200 as mixed signals persist
The EUR/USD pair traded near the 1.1200 zone on Wednesday after the European session, reflecting a cautiously bullish tone as the market approaches the Asian session. Price action remains within the middle of its daily range, indicating balanced sentiment despite a mixed technical backdrop.
Fxstreet
Wed, May 14
EXPLAINER-Syria's economy: The devastating impact of war and sanctions
By Karin Strohecker, Libby George and Marc Jones LONDON, May 14 (Reuters) - U.S. President Donald Trump has said he will lift long-standing sanctions on Syria that severed the country from the global financial system under toppled former President Bashar al-Assad. The European Union and Britain ...Reuters
Wed, May 14
