News
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CAD trading defensively as wider yield spreads remain a drag – Scotiabank
The Canadian Dollar (CAD) is entering Tuesday’s NA session with a marginal decline vs. the US Dollar (USD) as it continues to trade defensively in the aftermath of Monday’s broad-based USD rally, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Tue, May 13
AUD/USD jumps above 0.6400 as antipodeans outperform on US-China tariff pause
The AUD/USD pair climbs to near 0.6410 during European trading hours on Tuesday. The Aussie pair strengthens on the outperformance of antipodeans after the United States (US) and China averted the trade war after agreeing to lower import duties following a two-day meeting in Switzerland.
Fxstreet
Tue, May 13
Mexican Peso strengthens on improved global risk sentiment ahead of US inflation data
The Mexican Peso (MXN) is trading higher against the US Dollar (USD) on Tuesday as a rebound in global risk sentiment supports emerging market currencies ahead of a key macroeconomic week. At the time of writing, USD/MXN is trading around 19.578, down 0.30% intraday.
Fxstreet
Tue, May 13
Sterling recovers some lost ground against the dollar
By Linda Pasquini May 13 (Reuters) - Sterling recovered some ground against the dollar on Tuesday after weakening in the previous session, when the United States and China said they had temporarily cut reciprocal tariffs following negotiations over the weekend.The U.S. and China have agreed to te...Reuters
Tue, May 13
Munich Re's Jurecka: Reinsurance still attractive with rates down less than 1% so far in 2025
By Rebecca DelaneyMay 13 - (The Insurer) - Munich Re CFO Christoph Jurecka said on Tuesday that risk-adjusted rate reductions had averaged less than 1% at this year's renewals to date.The reinsurer achieved 6.1% growth in its April 1 portfolio, which expanded its premium base to 2.8 billion euro...Reuters
Tue, May 13
Pound Sterling comes under pressure as UK labor market cools down
The Pound Sterling (GBP) trades with caution against its peers on Tuesday after the release of the United Kingdom (UK) labor market data for the three months ending March. The Office for National Statistics (ONS) reported that the ILO Unemployment Rate accelerated to 4.5%, as expected, from 4.4% ...
Fxstreet
Tue, May 13
USD/JPY: Likely to trade in a 146.50/148.60 range – UOB Group
US Dollar (USD) is likely to trade in a 146.50/148.60 range vs Japanese Yen (JPY). 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
Tue, May 13
EBRD trims growth forecast again as tariffs and wars loom
Fourth consecutive cut to EBRD growth forecastsGermany and China impact EBRD economies indirectlyConcerns over debt servicing costs in EBRD regionsAverage US tariff on EBRD region expected to rise from 1.8% to 10.5%By Libby George LONDON, May 13 (Reuters) - Tariffs, wars and economic worries in p...Reuters
Tue, May 13
RPT-COLUMN-'Tariff Laffer Curve' reins in trade agenda: Mike Dolan
By Mike Dolan LONDON, May 13 (Reuters) - An irony about the ludicrously steep import tariffs U.S. President Donald Trump imposed on China last month is that they made no sense as taxes - at least if you believe one of the canons of Republican tax policy.The rapid reduction of those bilateral impo...Reuters
Tue, May 13
Russian rouble edges up vs US dollar despite losing support from state forex interventions
MOSCOW, May 13 (Reuters) - The Russian rouble strengthened slightly against the U.S. dollar on Tuesday due to expectations of direct peace talks between Russia and Ukraine, despite losing some support from the central bank's foreign currency sales.By 0900 GMT the rouble was up around 0.5% to 80....Reuters
Tue, May 13
GBP/USD: Major support at 1.3070 may not come into view so soon – UOB Group
Pound Sterling (GBP) could retest the 1.3140 level vs the US Dollar (USD) before a more sustained recovery can be expected. In the longer run, GBP is expected to weaken, but the major support at 1.3070 may not come into view so soon, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, May 13
GBP/USD pullback deepens after rejection at key resistance zone – Société Générale
GBP/USD is retreating after rejection near 1.3500, with bearish momentum reinforced by MACD crossover and a breach of short-term consolidation support. Next supports lie near 1.3070 and 1.3010, Société Générale's FX analysts note.Fxstreet
Tue, May 13
EUR/JPY holds losses below 164.50 after release of ZEW Economic Sentiment Surveys
EUR/JPY loses ground after registering more than 0.50% gains in the previous session, trading around 164.20 during the Asian hours on Tuesday. The currency cross remains subdued following the release of ZEW Economic Sentiment surveys from Germany and the Eurozone.
Fxstreet
Tue, May 13
FOREX-Dollar holds gains, yuan jumps from US-China trade pact
Dollar clings to most of its gainsChina's yuan climbs to six-month highYen, euro nursing steep lossesBy Rae Wee and Linda Pasquini SINGAPORE/GDANSK, May 13 (Reuters) - The dollar retreated slightly on Tuesday but held on to most of the previous session’s gains on lingering optimism over a tar...Reuters
Tue, May 13
