News
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RUB: Unrealistic optimism – Commerzbank
USD/RUB and EUR/RUB are not market-driven or floating exchange rates. Even so, at this time, these exchange rates are reflecting excessive optimism that the US administration will push for a peace treaty with Ukraine and this will involve some of the harsh sanctions on Russia being removed.Fxstreet
Fri, May 16
Sterling on track for fifth weekly rise versus euro, await UK-EU meeting
May 16 (Reuters) - Sterling was on track for its fifth straight weekly rise against the euro on Friday, while hovering near its highest levels since early April. President Donald Trump's April 2 announcement of aggressive trade duties triggered a sharp but brief selloff in U.S. assets in the...
Reuters
Fri, May 16
NZD/USD: Under mild downward pressure – UOB Group
New Zealand Dollar (NZD) is under mild downward pressure against the US Dollar (USD); it could drift lower and test 0.5855. In the longer run, outlook is mixed; NZD is expected to trade in a 0.5835/0.6030 range, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, May 16
FOREX-Dollar drops with US yields after data, set for fourth weekly rise vs euro
Dollar eases after weak economic dataThe greenback on track for fourth straight weekly rise vs euroSouth Korean won still choppy after sharp rises this weekJapan's economy shrinks as U.S. tariff hit loomsBy Stefano Rebaudo and Rae Wee May 16 (Reuters) - The dollar fell in tandem with U.S. Tre...Reuters
Fri, May 16
ECB may be nearing end of rate cuts but trade war is a risk, policymaker says
PARIS/FRANKFURT, May 16 (Reuters) - European Central Bank interest rates may be close to bottoming out but uncertainty was high and the environment was prone to sudden changes that could also alter the policy outlook, ECB policymaker Martins Kazaks said on Friday.The ECB has been cutting interest ra...Reuters
Fri, May 16
EUR/INR today: Indian Rupee cross rates edge higher at the start of the European session
Indian Rupee (INR) crosses trade on the front foot at the beginning of Friday, according to FXStreet data. The Euro (EUR) to the Indian Rupee changes hands at 95.92, with the EUR/INR pair rising from its previous close at 95.69.Fxstreet
Fri, May 16
AUD/JPY hovers around 93.00, downside appears due to stronger Japanese Yen
AUD/JPY remains subdued around 93.20 during Asian trading hours on Friday, extending its losses for the third successive session. The currency cross has given up its daily gains as the Japanese Yen (JPY) appreciates despite weaker domestic data.
Fxstreet
Fri, May 16
GBP/JPY attracts some sellers below 193.50 despite Japan’s downbeat GDP data
The GBP/JPY cross extends its downside to near 193.40 during the early European trading hours on Friday. The Japanese Yen (JPY) strengthens against the Pound Sterling (GBP) despite Japan’s disappointing GDP report.
Fxstreet
Fri, May 16
USD/CAD Price Forecast: Extends the range play below 200-day SMA, 1.4000 mark
The USD/CAD pair attracts some sellers for the second straight day on Friday, though it remains confined in a range held since the beginning of this week. Spot prices currently trade just below mid-1.3900s, down over 0.10% for the day amid a combination of negative factors.
Fxstreet
Fri, May 16
FOREX-Dollar tracks Treasury yields lower on benign US data
Dollar eases but on track for slight weekly gainSouth Korean won still choppy after sharp rises this weekJapan's economy shrinks as U.S. tariff hit loomsBy Rae Wee SINGAPORE, May 16 (Reuters) - The dollar fell in tandem with U.S. Treasury yields on Friday after downside surprises on U.S. econ...Reuters
Fri, May 16
USD/CHF extends downside below 0.8350 on soft inflation reports
The USD/CHF pair extends the decline to around 0.8340 during the early European session on Friday. Soft US producer prices and consumer inflation weigh on the US Dollar (USD). Later on Friday, investors will focus on the release of the Swiss Producer and Import Prices report for April.
Fxstreet
Fri, May 16
EUR/JPY Price Forecast: Tests support zone near 162.50, ascending channel’s lower boundary
EUR/JPY extends its losing streak for the third successive session, trading around 162.80 during the Asian hours on Friday. Technical analysis of the daily chart shows the currency cross remains within an ascending channel, suggesting a bullish bias is in play.
Fxstreet
Fri, May 16
ECB's Villeroy: Volatility reflects trade wars, not currency wars
PARIS, May 16 (Reuters) - European Central Bank policymaker Francois Villeroy de Galhau said economic and market volatility reflected trade wars rather than currency wars."Unfortunately, there is a risk of trade war, but a currency war would be a situation where each country is actively using it...Reuters
Fri, May 16
