News
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EUR/GBP remains depressed below 0.8400 following dull Eurozone data
The Euro is trading practically flat below the 0.8400 round level, unable to put a significant distance from the 0.8380 multi-week lows, as Eurozone data strengthens the case for further ECB easing in June.Unemployment data from Germany released earlier today revealed that the jobless rate remained
Fxstreet
Wed, May 28
Mexican Peso stalls close to YTD highs with FOMC Minutes and policy divergence back in focus
The Mexican Peso (MXN) is holding broadly steady against the US Dollar (USD) on Wednesday, remaining close to year-to-date highs, as investors await the release of the Federal Reserve’s (Fed) May Federal Reserve Open Markets Committee (FOMC) meeting minutes.
Fxstreet
Wed, May 28
EUR up marginally as ECB inflation expectations climb – Scotiabank
Euro (EUR) is entering Wednesday’s NA session with a marginal 0.1% gain vs. the US Dollar (USD), a mid-performer among the G10 in generally quiet trade, Scotiabank's Chief FX Strategist Shaun Osborne notes, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Wed, May 28
GBP flat vs. USD, trading just below Monday’s multi-year high – Scotiabank
Pound Sterling (GBP) is entering Wednesday’s NA session unchanged vs. the US Dollar (USD), trading flat around 1.3500 just below Monday’s multi-year high, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Wed, May 28
USD/JPY: Any advance is likely limited to a test of 144.80 – UOB Group
US Dollar (USD) could strengthen further vs Japanese Yen (JPY); deeply overbought conditions suggest that any advance is likely limited to a test of 144.80. In the longer run, week-long USD weakness has stabilised; USD is likely to trade in a 142.70/145.30 range.
Fxstreet
Wed, May 28
NZD/USD: To trade sideways between 0.5920 and 0.5980 – UOB Group
New Zealand Dollar (NZD) could trade sideways between 0.5920 and 0.5980 against US Dollar (USD). In the longer run, momentum is slowing rapidly; the chance of NZD breaking decisively above 0.6030 is slim, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, May 28
Sterling steady against the dollar as economic data, trade deals offer support
By Linda Pasquini May 28 (Reuters) - Sterling was steady against the dollar on Wednesday, hovering near Monday's three-year high, as it continued to be supported by favourable economic data last week as well as Britain's recent trade deals.Investors also looked towards a multi-year spendi...Reuters
Wed, May 28
RPT-COLUMN-Lagarde's euro 'battle cry' emphasizes EU cash need: Mike Dolan
By Mike Dolan LONDON, May 28 (Reuters) - If the euro supplants the dollar as the world's main reserve currency, Europe might lose some currency competitiveness - but the related capital flows it's seeking more than compensate.European Central Bank President Christine Lagarde weighed in on...Reuters
Wed, May 28
EMERGING MARKETS-Stocks edge up, currencies subdued as dollar firms; Nvidia results due
May 28 (Reuters) - Emerging market assets were subdued on Wednesday, with most stocks and currencies finding little traction as the dollar firmed and anticipation built for results from AI giant Nvidia.Reuters
Wed, May 28
NZD/USD recovery loses steam at 0.5980
The New Zealand Dollar is paring some losses on Wednesday after having lost more than 1% on Tuesday. A hawkish RBNZ statement has provided some support to the Kiwi, but the overall USD strength is limiting upside attempts.The bank trimmed rates by 0.25% earlier today, to 3.25% as widely expected.Fxstreet
Wed, May 28
