News
Important Only
Turkey's Simsek says economic transformation on track despite slower growth
By Libby George and Karin Strohecker LONDON, May 14 (Reuters) - Turkey's finance minister said the country's economic transformation was on track and that the country was prepared to deal with slower growth. Finance Minister Mehmet Simsek said that tighter financial conditions, lower oil ...Reuters
Wed, May 14
AUD/USD climbs as Australian wage growth beats expectations
The Australian Dollar (AUD) strengthened further against the US Dollar (USD) on Wednesday, with the AUD/USD pair rising close to the 0.6500 psychological level, up nearly 2% so far this week, buoyed by a combination of weaker US Consumer Price Index (CPI) data and stronger-than-expected wage growth
Fxstreet
Wed, May 14
USD/JPY plummets below 146.00 as soft US CPI data batters Greenback
The USD/JPY pair plunges to near 145.80 during European trading hours on Wednesday. The pair faces a sharp sell-off as the US Dollar (USD) has been hit hard by the soft United States (US) Consumer Price Index (CPI) data for April.
Fxstreet
Wed, May 14
USD/JPY: Further USD strength is likely – UOB Group
US Dollar (USD) is likely to trade in a range between 146.70 and 148.20. In the longer run, further USD strength is likely, but it could first trade in a range for a few days; the level to monitor is 149.30, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, May 14
USD/CAD: Case for 1.40+ is stronger now – ING
USD/CAD observed volatility has eased back significantly, as the loonie seems to be trading again as an extension of US-growth sentiment – and is therefore more correlated with USD, ING's FX analysts Francesco Pesole and Chris Turner note.
Fxstreet
Wed, May 14
Goldman Sachs says investors trim dollar holdings, return to neutral position on US
Investors return to neutral positions on US dollar assets, says WaldronUS-China trade truce boosts stocks, dollarTariffs impact M&A activity, causing deal pauses, Waldron notesBy Saeed Azhar and Megan Davies NEW YORK, May 14 (Reuters) - Goldman Sachs President John Waldron said a recent light...Reuters
Wed, May 14
RPT-COLUMN-Historic US budget alarm replaces tariff anxiety: Mike Dolan
By Mike Dolan LONDON, May 14 (Reuters) - Relief following the tariff war de-escalation looks set to be quickly replaced by government budget tensions. Alarms are ringing loudly as the U.S. hits an historic debt metric even as the administration is seeking to extend tax cuts.Republicans in the U.S...Reuters
Wed, May 14
NZD/USD: Likely to rise further – UOB Group
New Zealand Dollar (NZD) is likely to rise further; it is unlikely to be able to break clearly above 0.5965. 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
Wed, May 14
Sony forecasts flat profit this year as tariffs hit
Sony forecast factors in 100 bln yen tariff impactTariff impact forecast does not reflect U.S.-China trade deal PS5 sales fell 37% in the fourth quarter Sony expects first-party titles to boost games unit this yearSpin-off of financial unit to take place in October By Sam Nussey TOKYO, May 14 (Re...Reuters
Wed, May 14
AUD/USD: Any advance is likely part of a higher range of 0.6420/0.6515 – UOB Group
Scope for further Australian Dollar (AUD) strength against the US Dollar (USD), but any advance is likely part of a higher range of 0.6420/0.6515. In the longer run, to continue to rise, AUD must break and hold above 0.6515, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, May 14
Is the Dollar Rally Just a Blip? Hedge Fund Watcher: The Multiyear Dollar Bear Market Has Just Begun!
TradingKey — Following the U.S.-China tariff agreement reached in Geneva, the U.S. Dollar Index (DXY) saw a sharp rebound, only to experience its biggest drop in a month shortly after. Although the easing of trade tensions has somewhat calmed bearish sentiment toward the dollar, analysts warn that..TradingKey
Wed, May 14
Russian rouble weakens to US dollar after hitting highest since June 2023
MOSCOW, May 14 (Reuters) - The Russian rouble weakened against the U.S. dollar on Wednesday after reaching its strongest level since early June 2023 in the previous session. By 0910 GMT, the rouble RUB= was down about 0.7% at 80.40 to the U.S. dollar, LSEG data based on over-the-counter quotes showe...Reuters
Wed, May 14
FOREX-Dollar extends losses, Korea's won in focus
Dollar down 1.2% on won after US-Korea FX talks CPI data adds to case for Fed to resume rate cutsMarkets watch developments in China trade talksDollar down about 3% since Trump's 'Liberation Day' tariffsBy Kevin Buckland and Linda Pasquini TOKYO, May 14 (Reuters) - The U.S. dollar ext...Reuters
Wed, May 14
GBP/USD: Likely to trade in a 1.3140/1.3405 range – UOB Group
Pound Sterling (GBP) could continue to rebound against US Dollar (USD), but any advance is likely limited to a test of 1.3340. In the longer run, buildup in momentum has faded; GBP is likely to trade in a 1.3140/1.3405 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, May 14
