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NZD/USD: Any advance is unlikely to reach 0.6030 – UOB Group
New Zealand Dollar (NZD) could rise further vs US Dollar (USD), but due to the overbought conditions, any advance is unlikely to reach 0.6030. 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
Mon, May 26
AUD/USD gives up some initial gains as US Dollar strives to gain ground
The AUD/USD pair gives back some of its initial gains after posting a fresh six-month high near 0.6540 on Monday. Still, the Aussie pair is up 0.35% around 0.6500 and is expected to remain on the frontfoot on renewed concerns over the safe-haven status of the US Dollar (USD).
Fxstreet
Mon, May 26
China raises cross-border yuan use requirement for major banks, Bloomberg News reports
May 26 (Reuters) - China's central bank asked its major lenders to raise the share of yuan when facilitating cross-border trade, Bloomberg News reported on Monday, citing people familiar with the matter.The People's Bank of China increased the floor ratio for yuan-denominated trade transacti...Reuters
Mon, May 26
GBP/USD: Overbought conditions suggest any advance is unlikely to reach 1.3600 – UOB Group
Strong momentum indicates further Pound Sterling (GBP) strength; overbought conditions suggest any advance is unlikely to reach 1.3600. In the longer run, upward momentum remains strong; the next objective is 1.3635, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, May 26
GBP/JPY bounces up on risk appetite and approaches 194.20 resistance area
Trump’s decision to pause tariffs on the EU intel on July 9 has boosted risk appetite on a light trading session on Monday, with UK markets closed for the Spring Bank holiday.The de-escalation of the EU-US trade rift has soothed investors, wary of a severe blow to international trade, which would si
Fxstreet
Mon, May 26
CEE MARKETS-FX mixed as investors await Hungary central bank meeting, Polish vote
BUDAPEST, May 26 (Reuters) - Central European currencies were mixed on Monday, mostly shrugging off U.S. President Donald Trump's decision to postpone threatened 50% tariffs on imports from the European Union. The euro rallied against the dollar and European shares surged after a restored Jul...Reuters
Mon, May 26
AUD/JPY advances to near 93.00 as risk sentiment improves due to easing US-EU tensions
AUD/JPY extends its gains for the second successive day, trading around 93.00 during the European hours on Monday. The risk sentiment improves US President Donald Trump extended the 50% tariff deadline on the European Union (EU) from June 1 to July 9.
Fxstreet
Mon, May 26
Pound Sterling outperforms US Dollar on renewed concerns over Greenback’s credibility
The Pound Sterling (GBP) posts a fresh three-year high near 1.3600 against the US Dollar (USD) at the start of the week, amid holidays in the United Kingdom (UK) and the United States (US) markets on account of the Spring Bank Holiday and Memorial Day, respectively.Fxstreet
Mon, May 26
Global central banks talk harsh new economic realities in Tokyo
BOJ's conference to debate IMF paper on 'inflation scares'Rate control, quantitative tightening also up for debateCentral banks face challenge of balancing growth, price risksBy Leika Kihara TOKYO, May 26 (Reuters) - It's Japan's version of the Fed's Jackson Hole symposium...Reuters
Mon, May 26
USD/CHF remains on the defensive near 0.8200 on US fiscal concerns
The USD/CHF pair remains on the defensive around 0.8200 during the early European trading hours on Monday. US trade policy uncertainty and concerns over fiscal health drag the US Dollar (USD) lower against the Swiss Franc (CHF).Fxstreet
Mon, May 26
