News
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USD/CAD: Minor USD rebounds are liable to attract renewed selling interest – Scotiabank
The Canadian Dollar (CAD) has slipped back amid the broader rebound in the USD vs US Dollar (YSD). USD gains have taken funds back to the mid/upper 1.37s and largely reflect the rebound in the USD rather than any CAD-negative development, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Tue, May 27
EUR/GBP explores fresh lows sub-0.8380 as Eurozone data fails to inspire
The Euro extends losses for the fourth consecutive day against the British Pound, weighed by uninspiring Eurozone economic data and dovish comments by ECB policymaker Francois Villeroy.In Germany, the GFK Consumer Sentiment Index has ticked in from last week’s lows but remains at extremely low level
Fxstreet
Tue, May 27
USD/CAD rises to near 1.3760 as US Dollar gains ground
The USD/CAD pair gains to near 1.3760 during European trading hours on Tuesday. The Loonie pair rises as the US Dollar (USD) gains ground due to de-escalating trade tensions between the European Union (EU) and the United States (US).Fxstreet
Tue, May 27
USD/JPY: Major support at 141.70 is unlikely to come under threat – UOB Group
US Dollar (USD) could edge lower and retest the 142.20 level vs Japanese Yen (JPY); the major support at 141.70 is unlikely to come under threat. In the longer run, risk is still on the downside, but it remains to be seen if USD can maintain its pace of decline.
Fxstreet
Tue, May 27
FOREX-Dollar broadly firm, yen slips as Japanese yields slump
Yen weakens as Japanese bond yields slumpDollar strengthens against range of currenciesUS Senate debates tax-cut bill impacting debtTrump's erratic trade policies, spending plans hurt US assets By Lucy Raitano and Rocky Swift LONDON, May 27 (Reuters) - The dollar rallied on Tuesday as inve...Reuters
Tue, May 27
CEE MARKETS-Forint near two-week low before Hungary rate meeting
PRAGUE, May 27 (Reuters) - The forint eased to a nearly two-week low on Tuesday before a meeting of Hungary's central bank, expected to hold interest rates unchanged for an eighth straight meeting as inflation risks outweigh growth worries.Elsewhere Central European shares were mostly stronger, ...Reuters
Tue, May 27
AUD/USD Price Forecast: Tests psychological 0.6450 support, aligns with nine-day EMA
The AUD/USD pair continues to lose ground for the second successive day, trading around 0.6450 during the European hours on Tuesday. The bullish bias is prevailing as the technical analysis of the daily chart indicates that the pair is remaining within the ascending channel pattern.
Fxstreet
Tue, May 27
USD/JPY: Policy normalisation plans still alive – OCBC
USD/JPY traded lower intra-day after BoJ Governor Ueda called for vigilance over food inflation risks. Japan's core inflation hit 3.5% in April, accelerating at its fastest annual pace in more than two years due largely to a 7% surge in food costs.Fxstreet
Tue, May 27
NZD/USD: NZD must break and hold above 0.6030 to advance – UOB Group
Conditions remain overbought; instead of rising, New Zealand Dollar (NZD) is more likely to trade in a range between 0.5960 and 0.6020 vs US Dollar (USD). In the longer run, for a sustained advance, NZD must break and hold above 0.6030, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, May 27
AUD/USD: Likely to trade with an upward bias toward 0.6550 – UOB Group
Australian Dollar (AUD) is expected to consolidate in a range between 0.6455 and 0.6510 vs US Dollar (USD). In the longer run, rapid buildup in momentum suggests AUD is likely to trade with an upward bias toward 0.6550, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, May 27
