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Australian Dollar : Downside risk versus US Dollar within range – UOB
UOB strategists Quek Ser Leang and Lee Sue Ann note AUD/USD gapped down to 0.7205 before rebounding to close near 0.7250, with intraday risks skewed toward a retest of 0.7220 while 0.7205 is expected to hold. Over 1–3 weeks, they see scope for the pair to edge higher but capped below 0.7280.
Fxstreet
Tue, May 12
Australian Dollar trades with caution in countdown to the Budget release
The Australian Dollar (AUD) trades cautiously against its major currency peers, is 0.23% down to near 0.7230 against the US Dollar (USD), during the late Asian trading session on Tuesday. The antipodean will likely remain volatile ahead of the Australian Budget release for 2026 at 09:30 GMT.Fxstreet
Tue, May 12
EUR/USD Price Forecast: Falls toward 1.1750 near nine-day EMA
EUR/USD extends its losses for the second successive day, trading around 1.1760 during the Asian hours on Tuesday. The daily chart technical analysis indicates an ongoing bullish bias as the pair is remaining within the ascending channel pattern.Fxstreet
Tue, May 12
AUD/JPY Price Forecast: Holds gains above 114.00, bullish momentum prevails
The AUD/JPY cross gathers strength near 114.00 during the early European trading hours on Tuesday. A hawkish tone from the Reserve Bank of Australia (RBA) provides some support to the Australian Dollar (AUD) against the Japanese Yen (JPY).
Fxstreet
Tue, May 12
British Pound loses ground below 1.3600 on US-Iran tensions, UK political pressure
The GBP/USD pair loses momentum to near 1.3590 during the early Asian session on Tuesday. The British Pound (GBP) weakens against the US Dollar (USD) as traders focus on key US economic data and Middle East geopolitical tensions.
Fxstreet
Tue, May 12
Canadian Dollar struggles due ongoing safe-haven demand
USD/CAD gains ground after being nearly flat the previous day, trading around 1.3690 during Asian hours on Tuesday. The pair is seeing renewed upward pressure as the US Dollar (USD) strengthens on the back of intensifying geopolitical risks.
Fxstreet
Tue, May 12
AUD/USD Price Forecast: Eyes nine-day EMA support near 0.7200
AUD/USD loses ground after two days of gains, trading around 0.7240 during the Asian hours on Monday. The technical analysis of the daily chart indicates that the pair is moving upwards within the ascending channel, suggesting an ongoing bullish bias.Fxstreet
Tue, May 12
Euro Softens Below 1.1800 on US-Iran Ceasefire Risks, Traders Await US CPI Data
The EUR/USD pair loses ground to near 1.1775 during the early Asian session on Tuesday. The Euro (EUR) softens against the US Dollar (USD) as traders turn cautious ahead of the US April inflation report and ongoing geopolitical tensions in the Middle East.Fxstreet
Tue, May 12
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