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Euro: Gains capped against US Dollar by weak data – ING
ING’s Chris Turner says EUR/USD has held up thanks to a softer Dollar and strong Asian AI-related risk sentiment, but Eurozone activity data remain weak. He argues that expectations for European Central Bank (ECB) hikes this summer are preventing a drop toward 1.15.
Fxstreet
Mon, May 11
Australian Dollar stays subdued as risk aversion offsets China inflation, hawkish RBA
AUD/USD trades around 0.7245 on Monday at the time of writing, virtually unchanged on the day after opening the week with a bearish gap. The pair recovers its initial daily losses, but the Australian Dollar (AUD) remains weighed down by renewed risk aversion supporting the US Dollar (USD).
Fxstreet
Mon, May 11
USD/JPY Price Forecast: At make or a break near advancing trendline around 157.00
The USD/JPY pair trades 0.25% higher to near 157.00 during the European trading session on Monday. The pair trades firmly as the Japanese Yen (JPY) underperforms across the board amid growing concerns over Japan’s economic outlook due to higher oil prices.Fxstreet
Mon, May 11
EUR/JPY Price Forecast: Looks to build on gains above 185.00; 200-SMA on H4 holds the key
The EUR/JPY cross attracts fresh buyers following a bearish gap opening around the 183.80 region on Monday and extends the steady intraday ascent through the first half of the European session.
Fxstreet
Mon, May 11
US Dollar: Stablecoin shifts and Euro challenge – Rabobank
Rabobank’s Global Strategist Michael Every highlights United States (US) legislative moves on US Dollar (USD) stablecoins via the CLARITY and GENIUS Acts, stressing how reward structures could entrench Dollar-linked digital assets in global finance.Fxstreet
Mon, May 11
New Zealand Dollar hesitates around 0.5950 amid geopolitical uncertainty, higher Oil prices
The New Zealand Dollar (NZD) is trading below Friday’s highs against the US Dollar (USD) on Monday. Still, the NZD/USD pair holds within previous ranges, above the late April highs, in the 0.5930 area.
Fxstreet
Mon, May 11
USD/CHF Price Forecast: Sticks to gains below 0.7800 on firmer USD; bearish bias persists
The USD/CHF pair attracts some buyers at the start of a new week and reverses Friday's decline to the 0.7760 area, or its lowest level since March 10. Spot prices, however, struggle to capitalize on the intraday move up and remain below the 0.7800 mark through the early part of the European session.
Fxstreet
Mon, May 11
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