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NZD/USD Price Forecast: Pulls back from 0.6050 near seven-month highs
NZD/USD is retracing its recent losses, trading around 0.5990 during the European hours on Tuesday. The technical analysis of the daily chart suggests a revival of neutral market sentiment as the Kiwi pair is attempting to fall back within a rectangular pattern.
Fxstreet
Tue, Jun 3
The Dollar(DXY) Posts Worst Start in History—Section 899 Asset Tax Deepens Dollar Woes
TradingKey - Although the easing of U.S.-China tariff tensions briefly slowed the selloff in dollar assets, the Trump administration’s proposed tax on foreign capital has delivered another heavy blow to the greenback. With the U.S. Dollar Index (DXY) down more than 8% year-to-date, the dollar is...
Russian rouble strengthens slightly vs US dollar after Ukraine talks in Istanbul
MOSCOW, June 3 (Reuters) - The Russian rouble strengthened slightly against the U.S. dollar on Tuesday, regaining some ground after a fall in the previous session caused by Ukraine's attack on Russian air bases and uncertainty over the outcome of talks in Istanbul. By 0815 GMT, the rouble R...Reuters
Tue, Jun 3
FOREX-Dollar lingers near six-week low as trade war wears on US economy
Dollar index hits lowest since late April, euro touches six-week highU.S. manufacturing contracts for third month, impacting dollar performanceFiscal worries prompt 'sell America' theme, Senate debates tax billBy Rocky Swift and Amanda Cooper TOKYO/LONDON, June 3 (Reuters) - The dollar ho...Reuters
Tue, Jun 3
USD/CAD returns to 1.3730 with the Dollar showing a firmer tone
The US Dollar is trading on a somewhat stronger note on Tuesday, favoured by an improved market sentiment, which has helped the USD/CAD to bounce from year-to-date lows below 1.3700 and return to 1the 1.3730 area at the moment of writing.The broader trend, however, remains bearish, with speculative
Fxstreet
Tue, Jun 3
Iron ore nears 2-month low on Trump's tariff hike plan, weak China data
By Amy Lv and Lewis Jackson BEIJING, June 3 (Reuters) - Iron ore futures fell to their lowest in nearly two months on Tuesday due to demand fears sparked by President Donald Trump's plan to double tariffs on steel imports and on weak factory data in top consumer China.The most-traded Septembe...Reuters
Tue, Jun 3
EUR/JPY hovers near 163.50 as traders adopt caution ahead of Eurozone HICP inflation data
EUR/JPY remains steady after registering gains in the previous day, trading around 163.30 during the Asian hours on Tuesday. Eurozone Harmonized Index of Consumer Prices (HICP) data, scheduled to be released later in the day, will be eyed.
Fxstreet
Tue, Jun 3
Singapore hedge fund Arrowpoint capitalised on May market turmoil
By Summer Zhen HONG KONG, June 3 (Reuters) - Singapore's multi-strategy hedge fund Arrowpoint Investment Partners has made gains by exploiting market dislocations triggered by global trade tariff shocks and sees more arbitrage opportunities ahead, its chief investment officer said.Since mid-A...Reuters
Tue, Jun 3
Australia, NZ dollars back away from resistance, data a drag
By Wayne Cole SYDNEY, June 3 (Reuters) - The Australian and New Zealand dollars backed away from resistance on Tuesday as soft economic data encouraged profit-taking on an overnight surge, while nudging short-term yields lower.The see-saw action left the Aussie down 0.4% at $0.6468 AUD=D3, unwind...Reuters
Tue, Jun 3
China's yuan slips as caution prevails ahead of Trump-Xi talks
SHANGHAI, June 3 (Reuters) - China's yuan weakened against the dollar on Tuesday, the first trading session after the holiday, as investors cautiously awaited fresh developments in the Sino-U.S. relations following some signs of a re-escalation of tensions.U.S. President Donald Trump and Chinese...Reuters
Tue, Jun 3
FOREX-Dollar holds near six-week low as trade war wears on US economy
Dollar index hits lowest since late April, euro touches six-week highU.S. manufacturing contracts for third month, impacting dollar performanceFiscal worries prompt 'sell America' theme, Senate debates tax billBy Rocky Swift TOKYO, June 3 (Reuters) - The dollar touched a six-week low on T...Reuters
Tue, Jun 3
