News
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New Zealand dollar firms as RBNZ rate cut draws rare dissent
By Wayne ColeSYDNEY, May 28 (Reuters) - The New Zealand dollar edged up on Wednesday after the country's central bank cut interest rates as expected but revealed a rare vote against the move, while Australian price data leant against another cut in the very near term.The Reserve Bank of New Zeal...Reuters
Wed, May 28
BOJ on alert to impact of super-long yield swings on borrowing costs
Shorter rates affects growth more than super-long yieldsLarge swings in super-long yields could affect shorter endUncertainty on U.S. trade policy, fallout remains highRemarks highlight BOJ's attention to volatile yield movesBy Makiko Yamazaki and Leika Kihara TOKYO, May 28 (Reuters) - Bank o...Reuters
Wed, May 28
NZD/USD holds positive ground above 0.5950 after RBNZ cuts rate to 3.25%
The NZD/USD pair gains ground to around 0.5965 during the Asian trading hours on Wednesday. The New Zealand Dollar (NZD) edges higher against the US dollar (USD) after the Reserve Bank of New Zealand (RBNZ) interest rate decision.
Fxstreet
Wed, May 28
A U.S.-EU Currency War? The “Global Euro Moment” Rises as the Weak Dollar Endures
TradingKey - Although tensions in the U.S.-EU tariff war have eased, the era of U.S. exceptionalism continues to fade, with the U.S. dollar weakening in response to President Donald Trump’s aggressive tariff hikes and expansionary fiscal policies.TradingKey
Wed, May 28
Australian Dollar weakens despite steady Monthly Consumer Price Index
The Australian Dollar (AUD) extends its losses against the US Dollar (USD) on Wednesday for the third successive session. The AUD/USD pair loses ground after the release of the Monthly Consumer Price Index (CPI).
Fxstreet
Wed, May 28
USD/INR weakens ahead of FOMC Minutes
The Indian Rupee (INR) strengthens on Wednesday. Concerns over US trade and fiscal policies undermine the US Dollar (USD). Additionally, a decline in Crude oil prices provides some support to the Indian currency, as India is the world's third-largest oil consumer.Fxstreet
Wed, May 28
BOJ governor says swings in super-long yields could impact shorter durations
TOKYO, May 28 (Reuters) - Bank of Japan Governor Kazuo Ueda said on Wednesday that large swings in super-long government bond yields could affect yields on shorter-term bonds."Our research has shown that changes in short- and medium-term interest rates have larger impacts on economic activities ...Reuters
Wed, May 28
Fed's Williams calls for strong response if inflation deviates from target
Central banks' focus should be to avoid costly mishapsWilliams warns of uncertainty on inflation expectationsFocus should be to avoid inflation becoming persistentUS reserves abundant, serving as buffer against shocksBy Leika KiharaTOKYO, May 28 (Reuters) - New York Federal Reserve President Joh...Reuters
Wed, May 28
Fed's Williams calls for strong response if inflation deviates from target
TOKYO, May 28 (Reuters) - New York Federal Reserve President John Williams said on Wednesday central banks must "respond relatively strongly" when inflation begins to deviate from their target. "You want to avoid inflation becoming highly persistent because that could become permanent,&#...Reuters
Wed, May 28
Canadian Dollar snaps six-day win streak as markets pare Loonie bets
The Canadian Dollar (CAD) lost ground against the US Dollar (USD) on Tuesday, snapping a six-session winning streak for the Loonie and pushing USD/CAD back above 1.3750 as trade headlines dominate the market cycle.
Fxstreet
Wed, May 28
USD/CAD rebounds above 1.3800, FOMC Minutes in focus
The USD/CAD pair posts modest gains near 1.3805 during the early Asian session on Wednesday. The US Dollar (USD) strengthens against the Canadian Dollar (CAD) after the stronger US Consumer Confidence data. The attention is shifted to the FOMC Minutes, which are due later on Wednesday.Fxstreet
Tue, May 27
NZD/JPY Price Forecast: Climbs higher but bulls struggle to clear 86.00 resistance
NZD/JPY extended its rally for the third consecutive day on Tuesday, rose a slim 0.17%, but failed to clear key resistance seen at the Kijun-Sen at 85.92 to challenge the 86.00 figure. As Wednesday’s Asian session begins, the cross-pair trades at 85.81 virtually unchanged.
Fxstreet
Tue, May 27
AUD/JPY extends winning streak toward 93.00 as risk sentiment dents Yen appeal
The Australian Dollar (AUD) strengthens against the Japanese Yen (JPY), extending modest gains for the third consecutive day. At the time of writing, the AUD/JPY cross is pushing higher to trade near 93.00 during the late American sessions on Tuesday, up nearly 1% on the day.
Fxstreet
Tue, May 27
