News
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Thai minister says FX is not part of trade talks
BANGKOK, May 22 (Reuters) - Thailand's baht exchange rate is not part of trade negotiations with the United States as the currency is too strong, the commerce minister said on Thursday, as the government seeks trade talks with Washington to reduce steep U.S. tariffs.Thailand will face a 36% U.S....Reuters
Thu, May 22
REFILE-Japan's Kato, U.S.'s Bessent did not discuss forex levels
May 22 (Reuters) - Japan's top currency diplomat, Atsushi Mimura, said Finance Minister Katsunobu Kato and U.S. Treasury Secretary Scott Bessent did not discuss forex levels following the U.S. statement that they agreed the current exchange rate reflects fundamentals.Reuters
Thu, May 22
EUR/USD hovers near 1.1350, two-week highs ahead of HCOB PMI for Eurozone
EUR/USD is hovering around 1.1340, close to two-week highs during the Asian trading hours. The Euro (EUR) continues its winning streak for the fourth consecutive session ahead of the HCOB Purchasing Managers Index (PMI) for the Eurozone, scheduled to be released later in the day.
Fxstreet
Thu, May 22
USD/INR softens ahead of Indian/US PMI releases
The Indian Rupee (INR) gathers strength on Thursday. The strength in Asian peers, a weaker US Dollar (USD) and lower crude oil prices provide some support to the Indian currency. Furthermore, a multi-phase trade deal between the US and India might contribute to the INR’s upside.Fxstreet
Thu, May 22
New Zealand dollar struggles as tight budget signals more policy easing
SYDNEY, May 22 (Reuters) - The New Zealand dollar eased on Thursday as the government's tight budget position reinforced the need for policy easing as soon as next week to fend off global risks, while its Australian cousin flatlined.New Zealand's government forecast a narrower budget deficit...Reuters
Thu, May 22
Japanese Yen advances to fresh two-week highs against a weaker USD
The Japanese Yen (JPY) regained positive traction following an early Asian session slide in reaction to Japan's upbeat Machinery Orders data, which countered recession fears and boosted hopes for an economic recovery.
Fxstreet
Thu, May 22
Australian Dollar holds ground following release of S&P PMI data
The Australian Dollar (AUD) gains ground against the US Dollar (USD) on Thursday, extending its gains for the second successive day. The AUD/USD pair maintains its position following the release of the preliminary S&P Global Purchasing Managers Index (PMI) data.
Fxstreet
Thu, May 22
FOREX-Dollar swoons on fiscal worries, bitcoin extends record rally
U.S. fiscal concerns hit dollar, yen strengthensBitcoin reaches record high as investors seek dollar alternativesRepublicans divided over Trump's spending and tax-cut billBy Kevin Buckland TOKYO, May 22 (Reuters) - U.S. fiscal concerns and a tepid auction of Treasury bonds slapped the dollar ...Reuters
Thu, May 22
NZD/USD weakens below 0.5950, budget bill concerns might cap its downside
The NZD/USD pair softens to near 0.5930 during the early Asian session on Thursday. However, the downside for the pair might be limited amid rising concerns over the US President Donald Trump administration's tax cut and spending bill and worries over the performance of the US economy.Fxstreet
Wed, May 21
EUR/USD rises for a third straight day as Greenback weakness takes hold
EUR/USD caught a bid on Wednesday, breaking through the 1.1300 technical barrier and climbing for a third straight session after market sentiment turned away from the US Dollar following a pummeling of US Treasury markets.Fxstreet
Wed, May 21
Bessent discussed trade, currency issues with Japanese counterpart at G7
May 21 (Reuters) - U.S. Treasury Secretary Scott Bessent discussed trade and currency issues on Wednesday when he met with Japanese Finance Minister Katsunobu Kato on the sidelines of the G7 finance ministers meeting, the Treasury Department said.The pair reaffirmed their shared belief that exchange...Reuters
Wed, May 21
FOREX-US dollar slides on budget bill concerns, weak 20-year bond auction
Republican hardliners say bill not cutting spending enough Bessent to talk FX with Japan counterpart on G7 sidelines'Sell America' investment theme continues to weigh on dollarSoft US 20-year bond auction pressures dollarBitcoin hits all-time peakBy Gertrude Chavez-Dreyfuss NEW YORK, May ...Reuters
Wed, May 21
