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USD/JPY: US and JP inflation data tomorrow – OCBC
Shorts in USD/JPY continued to get squeezed, from month-end USD buy flows to US trade court’s ruling on Trump tariffs partially helped to restore some credibility to the system, which has been undermined by the unpredictability of Trump’s tariffs.
Fxstreet
Thu, May 29
Deals of the day-Mergers and acquisitions
May 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0940 GMT on Thursday:** Private equity investor Advent has entered exclusive negotiations to acquire Paris-based broker Kereis from current owner Bridgepoint. nL6N3S10FZ ** French oil major TotalEnergies ...Reuters
Thu, May 29
Russian rouble soars past 78 vs dollar to reach two-year high
By Alexander Marrow May 29 (Reuters) - The Russian rouble strengthened sharply on Thursday, soaring past the 78 mark against the dollar to reach a two-year high, after Moscow proposed a fresh round of peace talks with Kyiv.The rouble has firmed by more than 40% against the dollar this year, a ris...Reuters
Thu, May 29
FOREX-Dollar rises after Trump's tariffs face court roadblock
Dollar strengthens against safe haven peersAnalysts sceptical of long rally, wary of legal battle over tariffs Trade deals still in focusBy Lucy Raitano and Rae Wee LONDON May 29 (Reuters) - The dollar rose against its major peers on Thursday after a court blocked U.S. President Donald Trump from...Reuters
Thu, May 29
EUR/USD dips lower with the Dollar rallying after a US court ban on tariffs
EUR/USD is trading with moderate losses, around 1.1275 at the time of writing, after bouncing up from 1.1213 lows on the back of a significant US Dollar (USD) jump, following a US court ruling against trade tariffs.The three judges from the US Court of International Trade have voted unanimously agaiFxstreet
Thu, May 29
Japan likely held off US Treasury sales, says ex-BOJ policymaker
Dollar's reserve currency status unwavering, says ex-BOJ ShiraiJapan has no alternative investment besides US assetsEuro unlikely viable alternative to dollar given fragmentationChina increasing presence in Asia trade, Shirai saysBy Leika Kihara TOKYO, May 29 (Reuters) - Japan likely held off...Reuters
Thu, May 29
USD/CAD trades near 1.3800 after pulling back from weekly highs as Oil prices rise
USD/CAD loses ground after registering gains in the previous two consecutive sessions, trading around 1.3820 during the European hours on Thursday. The pair depreciates as the commodity-linked Canadian Dollar (CAD) receives support from improved crude Oil prices.
Fxstreet
Thu, May 29
Russian rouble strengthens past 79 against dollar to near two-year high
May 29 (Reuters) - The Russian rouble on Thursday strengthened past the 79 mark against the dollar for the first time since early June 2023, LSEG data based on over-the-counter quotes showed. The rouble has strengthened by over 40% against the dollar this year, a rise analysts have attributed to t...Reuters
Thu, May 29
Silver Price Forecast: XAG/USD is forming a descending triangle with support at $32.60
Silver prices (XAG/USD) are showing moderate gains on Thursday, after bouncing up from the support area, at $32.60-32.70 but the broader picture remains mixed with price action contained within recent ranges.The fundamental background is unsupportive today.
Fxstreet
Thu, May 29
EUR/GBP weakens below 0.8400 amid prospect of ECB rate cuts
The EUR/GBP cross remains under selling pressure around 0.8375 during the early European session on Thursday. The Euro (EUR) weakens against the Pound Sterling (GBP) due to weak Eurozone data. Later on Thursday, Bank of England (BoE) Deputy Governor Sarah Breeden is set to speak.
Fxstreet
Thu, May 29
Japan eyes US defence gear purchase ahead of another round of tariff talks
Akazawa, Bessent to meet in Washington on FridayDefence gear purchase could boost US trade surplus, Akazawa saysUS court ruling would not change Japan's strategies, source saysForeign exchange levels have not been discussed so farBy Yoshifumi Takemoto and Makiko Yamazaki TOKYO, May 29 (Reuter...Reuters
Thu, May 29
INDIA RUPEE-Rupee dips tracking Asian peers after court blocks most US tariffs
By Jaspreet Kalra MUMBAI, May 29 (Reuters) - The Indian rupee weakened on Thursday, weighed down by a broad rebound in the dollar after a U.S. federal court blocked most of President Donald Trump's "reciprocal tariffs" from taking effect.The rupee INR=IN was at 85.5325 per U.S. dollar...Reuters
Thu, May 29
GBP/USD drifts lower below 1.3450 ahead of US GDP release
The GBP/USD pair trades in negative territory around 1.3435 during the early European session on Thursday. The Greenback strengthens against the Pound Sterling (GBP) after the US trade court blocks US President Donald Trump's sweeping tariffs.Fxstreet
Thu, May 29
