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USD/INR: Oil spike keeps Rupee pressured – Commerzbank
Commerzbank’s Charlie Lay highlights that the Indian Rupee has weakened as global Oil prices surge, pushing USD/INR above 92.00 for the first time.
Brent
Fxstreet
Thu, Mar 5
NZD/USD declines as stronger US Dollar, RBNZ rate outlook weigh
NZD/USD trades lower around 0.5920 on Thursday at the time of writing, down 0.32% on the day, as the pair remains under pressure from a broadly firmer US Dollar (USd) and shifting expectations around New Zealand’s monetary policy outlook.
NZD/USD
Fxstreet
Thu, Mar 5
Eurozone: New Industrial Accelerator Act – Rabobank
Rabobank’s Head of Macro Strategy Elwin de Groot highlights the European Commission’s Industrial Accelerator Act as a major step to rebuild the Eurozone industrial base, accelerate decarbonisation and reduce external dependencies.
Fxstreet
Thu, Mar 5
EUR/JPY declines as safe-haven demand supports Yen, Euro faces mixed signals
EUR/JPY edges lower around 182.60 on Thursday at the time of writing, down 0.14% on the day, as the pair remains under pressure while the Japanese Yen (JPY) benefits from renewed safe-haven demand amid geopolitical crisis.
EUR/JPY
Fxstreet
Thu, Mar 5
EUR/USD recovers early losses as Iran expresses willingness for truce
The EUR/USD pair claws back a majority of its early losses and rises to near 1.1625 during the European trading session on Thursday, but is still marginally down.
EUR/USD
US Dollar Index
Fxstreet
Thu, Mar 5
Eurozone Retail Sales unexpectedly drops 0.1% MoM in January
Eurozone Retail Sales, a key measure of consumer spending, surprisingly falls by 0.1% month-on-month (MoM) in January, while it was expected to grow 0.3%. In December, the consumer spending measure rose by 0.2%, revised positive from -0.5%.
Fxstreet
Thu, Mar 5
Eurozone Retail Sales (MoM) came in at -0.1% below forecasts (0.3%) in January
Eurozone Retail Sales (MoM) came in at -0.1% below forecasts (0.3%) in January
EUR/USD
Fxstreet
Thu, Mar 5
Eurozone Retail Sales (YoY) above expectations (1.7%) in January: Actual (2%)
Eurozone Retail Sales (YoY) above expectations (1.7%) in January: Actual (2%)
EUR/USD
Fxstreet
Thu, Mar 5
Eurozone: Gas shock challenges ECB path – BNY
BNY strategist Geoff Yu argues that the sharp repricing of European natural gas futures has significantly overshot assumptions embedded in recent ECB staff projections.
Fxstreet
Thu, Mar 5
Japanese Yen turns upside down against US Dollar as dovish Fed bets recede
The Japanese Yen (JPY) gives back its early gains and turns negative against the US Dollar (USD) during the European trading session on Thursday. The USD/JPY pair rises to near 157.35 as the US Dollar resumes its upside journey after a corrective move.
USD/JPY
Fxstreet
Thu, Mar 5
USD/CAD Price Forecast: Hand holds 20-day EMA amid US-Iran war
The USD/CAD pair trades flat at around 1.3645 during the European trading session on Thursday. The Loonie pair consolidates as the recovery move in the US Dollar (USD) after a slight correction has offset the strength in the Canadian Dollar.
USD/CAD
Brent
Fxstreet
Thu, Mar 5
EUR/USD: Oil-driven terms of trade support Dollar – Commerzbank
Commerzbank’s Michael Pfister revisits international trade theory to explain why higher Oil prices and the US status as a net Oil exporter are supportive for the Dollar against the Euro.
EUR/USD
Brent
Fxstreet
Thu, Mar 5
AUD/USD Price Forecast: Trades around 0.7050 after breaking below nine-day EMA
AUD/USD pares its recent gains from the previous session, trading around 0.7050 during the early European hours on Thursday. The technical analysis of the daily chart indicates that the pair is remaining within the ascending channel pattern, indicating that bullish bias prevails.
AUD/USD
Fxstreet
Thu, Mar 5
New Zealand Dollar weakens below 0.5950 amid persistent geopolitical risks
The NZD/USD pair trades in negative territory around 0.5920 during the early European trading hours on Thursday. The New Zealand Dollar (NZD) softens against the Greenback on escalating conflict in the Middle East.
NZD/USD
Fxstreet
Thu, Mar 5
USD/CHF remains stronger near 0.7800 on fading Fed rate cut odds
USD/CHF pares its recent losses from the previous session, trading around 0.7800 during the Asian hours on Thursday. The pair appreciates as the US Dollar (USD) gains ground, as the Iran conflict has entered its sixth day.
USD/CHF
Fxstreet
Thu, Mar 5
EUR/JPY Price Forecast: Softens below 182.50, retains bullish bias above 100-day EMA
The EUR/JPY cross loses traction to near 182.35 during the early European session on Thursday. The Japanese Yen (JPY) edges higher against the Euro (EUR) as rising geopolitical tensions in the Middle East drive investors toward safe-haven assets.
EUR/JPY
Fxstreet
Thu, Mar 5
EUR/USD Price Forecast: Falls to near 1.1600 due to persistent bearish bias
EUR/USD depreciates after registering modest gains in the previous session, trading around 1.1610 during the Asian hours on Thursday. The technical analysis of the daily chart suggests a persistent bearish bias as the EUR/USD pair remains within the descending channel pattern.
EUR/USD
Fxstreet
Thu, Mar 5
Pound Sterling underperforms as UK faces stagflation risks amid Middle East war
The Pound Sterling trades lower against its major currency peers, is down 0.22% around 1.3340 against the US Dollar (USD), during the Asian trade on Thursday.
GBP/USD
Fxstreet
Thu, Mar 5
Japanese Yen edges higher above 156.50 as Middle East conflict fuels safe-haven demand
The USD/JPY pair trades in negative territory near 156.85 during the Asian trading hours on Thursday. Escalating conflict in the Middle East leads to a safe-haven bid for the Japanese Yen (JPY) against the US Dollar (USD).
USD/JPY
Fxstreet
Thu, Mar 5
NZD/USD holds onto gains near 0.5950 as US Dollar’s rally hits pause
The NZD/USD pair clings to Wednesday’s gains near 0.5950 during the Asian trading session on Thursday. The Kiwi pair shows strength as the US Dollar’s (USD) rally hits a pause, with the US Dollar Index (DXY) struggling to extend gains above the fresh three-month high of 99.68 posted on Tuesday.
NZD/USD
Fxstreet
Thu, Mar 5
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