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FOREX-Dollar falls after US credit downgrade, trade tensions weigh
Dollar dips to ten-day low vs yen as traders weigh U.S. outlookU.S. trade tensions simmer, FT reports thaw with EUBessent warns of April 2 tariff levels for nations that don't negotiate "in good faith"UK-EU talks in focusBy Rocky Swift, Kevin Buckland and Lucy Raitano TOKYO, May 19 (R...Reuters
Mon, May 19
Philippine central bank says there is no sign FX is part of U.S. trade talks
MANILA, May 19 (Reuters) - The Philippine central bank said there is no indication that its management of the peso's exchange rate is part of trade negotiations with the U.S. government, as it signalled a preference for non-interest rate tools to manage capital inflows.The Bangko Sentral ng Pili...Reuters
Mon, May 19
USD/CAD Price Forecast: Test initial support near 1.3950, followed by nine-day EMA
The USD/CAD pair is losing ground after registering gains in the previous session, trading around 1.3950 during the European hours on Monday. The daily chart's technical analysis suggested a sustained bullish sentiment, as the pair continues to trade within the ascending channel pattern.
Fxstreet
Mon, May 19
Pound Sterling trades firmly ahead of EU-UK trade summit
The Pound Sterling (GBP) trades higher against its major peers, except the Euro (EUR), at the start of the week. The British currency moves higher ahead of the European Union (EU)-United Kingdom (UK) trade summit in London on Monday.
Fxstreet
Mon, May 19
Russian rouble strengthens vs dollar ahead of Trump-Putin call
MOSCOW, May 19 (Reuters) - The Russian rouble strengthened against the U.S. dollar on Monday ahead of a planned telephone call between U.S. President Donald Trump and Russian President Vladimir Putin about peace in Ukraine.Trump and Putin are expected to speak later in the day, as European leaders d...Reuters
Mon, May 19
Romania election win for Dan reduces political risk ahead, says JPMorgan
LONDON, May 19 (Reuters) - JPMorgan said on Monday that an election win by Romania's centrist Bucharest mayor Nicusor Dan is reducing political risk ahead and that a sovereign ratings downgrade to below investment grade was now less of a concern. The Wall Street bank adjusted its forecasts foll...Reuters
Mon, May 19
USD/CHF trades near 0.8350, pulls back from recent gains due to market caution
USD/CHF is retreating from gains made in the previous session, trading near 0.8360 during Asian hours on Monday. The decline follows a surprise downgrade of the US government's credit rating, which sparked renewed selling in the US fixed income market.
Fxstreet
Mon, May 19
USD/INR rises on strong importer demand, foreign fund outflows
The Indian Rupee (INR) remains subdued against the US Dollar (USD) on Monday, continuing its losing streak for the sixth successive day. Moreover, fresh USD demand from importers and ongoing foreign fund outflows continue to weigh on the INR.Fxstreet
Mon, May 19
FOREX-Dollar slips after US credit downgrade, Aussie edges higher before RBA
Dollar dips to one-week low vs yen as traders weigh U.S. outlookU.S. trade tensions simmer, FT reports thaw with EUBessent warns of April 2 tariff levels for nations that don't negotiate "in good faith"By Rocky Swift and Kevin Buckland TOKYO, May 19 (Reuters) - The U.S. dollar dipped ...Reuters
Mon, May 19
USD/CAD holds steady above mid-1.3900s amid mixed cues; remains confined in a familiar range
The USD/CAD pair struggles to gain any meaningful traction during the Asian session on Monday and remains confined in a familiar range held over the past week or so. Spot prices currently trade around the 1.3965-1.3970 region, nearly unchanged for the day amid mixed fundamental cues.Fxstreet
Mon, May 19
Australian dollar braces for RBA decision, kiwi awaits more fiscal pain
SYDNEY, May 19 (Reuters) - The Australian dollar was bracing for a central bank policy meeting where a quarter-point cut has been widely expected, while the kiwi awaited a government budget that will include painful cost-cutting measures even as the economy struggles. The Aussie inched up 0.1% to $0...Reuters
Mon, May 19
GBP/USD holds gains around 1.3300 as US Dollar weakens following Moody’s downgrade
The GBP/USD pair recovered from prior session losses, trading near the 1.3300 level during Asian session on Monday. The rebound is largely driven by renewed pressure on the US Dollar (USD) after Moody’s Investors Service downgraded the US credit rating by one notch, from Aaa to Aa1.Fxstreet
Mon, May 19
