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USD/JPY bounces back above 159.00 but remains within previous ranges
The US Dollar (USD) posts moderate gains against the Japanese Yen (JPY) on Tuesday, with price action returning above 159.00 after bouncing up from 157.59 lows on Friday. The pair, however, remains bouncing back and forth within a broadly 150-pip range, from 158.50 to the key 160.00 level.
Fxstreet
Tue, Apr 21
GBP/USD: Range trade expected as BoE bets shift to cuts – BBH
Brown Brothers Harriman’s (BBH) Elias Haddad highlights that GBP/USD is trading near 1.3500 after a mixed United Kingdom (UK) labor report, with falling unemployment but weaker payrolls. Easing wage pressures below the BoE’s projections support renewed easing later this year.Fxstreet
Tue, Apr 21
USD/CAD edges up to 1.3660 with Iran, Fed's Warsh on focus
The US Dollar (USD) shows marginal gains against the Canadian Dollar (CAD) on Tuesday, trimming losses after a six-day selloff. The USD/CAD pair has reached session highs right above 1.3660 but remains relatively close to the five-week lows of 1.3635 set the previous day.
Fxstreet
Tue, Apr 21
EUR/JPY steadies above 187.00 following German ZEW Survey data
EUR/JPY remains steady after modest gains registered in the previous day, trading around 187.20 during the Asian hours on Monday. The currency cross holds ground as the Euro (EUR) moves little following the release of German ZEW Survey data.
Fxstreet
Tue, Apr 21
NZD: Stagflation risks weigh on kiwi – Commerzbank
Commerzbank’s Volkmar Baur notes New Zealand inflation at 3.1% year-on-year, slightly above the Reserve Bank of New Zealand (RBNZ) target, and warns that higher energy prices could push it further. He sees a possible rate hike in late May, which might briefly support the New Zealand Dollar (NZD).
Fxstreet
Tue, Apr 21
NZD/USD Price Forecast: The focus shifts to the 0.5930 resistance area
The New Zealand Dollar (NZD) appreciates for the second consecutive day against the US Dollar (USD) on Tuesday, fuelled by stronger-than-expected New Zealand inflation figures and a moderate optimism about a resolution of the Middle East conflict.Fxstreet
Tue, Apr 21
USD/JPY: Sideways trade with upside risk capped – UOB
United Overseas Bank’s (UOB) strategists Quek Ser Leang and Lee Sue Ann expect USD/JPY to remain range-bound after recent volatility. For the day, the pair is seen between 158.50 and 159.20, with flat momentum indicators. Over 1–3 weeks, UOB projects a 157.55–160.50 band.Fxstreet
Tue, Apr 21
USD/INR: RBI eases NDF curbs as Rupee stabilizes – Commerzbank
Commerzbank analysts highlight that the Reserve Bank of India (RBI) has rolled back some Non-Deliverable Forward (NDF) restrictions, allowing authorized dealers to offer NDFs, roll over and cancel related-party contracts, and use back-to-back hedging.Fxstreet
Tue, Apr 21
GBP: Mixed labour market signals for BoE – Deutsche Bank
Deutsche Bank’s Chief UK Economist Sanjay Raja assesses the latest United Kingdom (UK) labour market data as stronger on the surface but still fragile underneath. He notes the surprise drop in unemployment and softer wage growth, which may comfort the Bank of England (BoE).Fxstreet
Tue, Apr 21
USD/CAD Price Forecast: Remains on the defensive as bearish bias persists below 100-day EMA
The USD/CAD pair remains on the defensive around 1.3650 during the early European session on Tuesday. Rising oil prices due to Middle East tension provide some support to the commodity-linked Loonie.Fxstreet
Tue, Apr 21
EUR/GBP keeps hovering below 0.8720 as UK employment data supports Pound
The Euro keeps treading water within a broadly 20-pip range against the British Pound (GBP). The pair retreated from session highs at 0.8713, amid upbeat UK unemployment figures, and remains moving without a clear bias, with downside attempts contained above 0.8700 and bulls limited below 0.8720.
Fxstreet
Tue, Apr 21
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