News
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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
GBP/USD drifts higher above 1.3300 on softer US Dollar, upbeat UK GDP data
The GBP/USD pair edges higher to around 1.3310 during the Asian trading hours on Friday. The Greenback weakens against the Pound Sterling (GBP) as downside surprises in the US economic data this week raise bets of more Federal Reserve (Fed) rate cuts this year.
Fxstreet
Fri, May 16
EUR/USD rebounds to near 1.1200 ahead of UoM Consumer Sentiment Index release
EUR/USD has recovered its daily losses, trading around 1.1200 during the Asian hours on Friday. The pair receives support as the US Dollar (USD) weakens following the recent economic data released on Thursday.
Fxstreet
Fri, May 16
NZD/USD inches higher to near 0.5900 following Q2 RBNZ Inflation Expectations release
NZD/USD halts its two-day losing streak, trading around 0.5890 during the Asian hours on Friday. The pair advances after the release of the Reserve Bank of New Zealand (RBNZ) Inflation Expectations for Q2 2025.
Fxstreet
Fri, May 16
RBNZ Survey: NZ two-year inflation expectations rise to 2.29% QoQ in Q1 2025
New Zealand's (NZ) inflation expectations accelerated on a 12-month and a two-year time frame for the second quarter of 2025, the Reserve Bank of New Zealand’s (RBNZ) latest monetary conditions survey showed on Friday.Fxstreet
Fri, May 16
USD/INR slumps as lower crude oil prices support Indian Rupee
The Indian Rupee (INR) recovers some lost ground, snapping the three-day losing streak on Friday. A fall in crude oil prices amid reports that the US and Iran are getting closer to a deal on the country’s nuclear program provides some support to the INR.Fxstreet
Fri, May 16
Australia, NZ dollars steady after seesaw week, rate cuts loom
By Wayne Cole SYDNEY, May 16 (Reuters) - The Australian and New Zealand dollars were flat on Friday after a seesaw week that saw them spike on a U.S.-China tariff truce only to run into selling at major chart barriers, reinforcing recent ranges.The Aussie steadied at $0.6405 AUD=D3, having bounce...Reuters
Fri, May 16
Japan finmin to focus on forex consensus in dialogue with Bessent
TOKYO, May 16 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Friday that he would seek to discuss foreign exchange issues with U.S. Treasury Secretary Scott Bessent on the understanding that excessive currency volatility is undesirable."We reaffirmed at our meeting on April 24 that...Reuters
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
Japan finance minister to continue dialogue with Bessent based on forex consensus
TOKYO, May 16 (Reuters) - Japanese Finance Minister Katsunobu Kato said on Friday that he would seek to discuss foreign exchange issues with U.S. Treasury Secretary Scott Bessent based on the understanding that excessive currency volatility is undesirable."We reaffirmed at our meeting on April 2...Reuters
Fri, May 16
EUR/USD whipsaws on Thursday to end right where it started
EUR/USD whipsawed on Thursday, briefly dipping back below the 50-day Exponential Moving Average (EMA) and tapping the 1.1000 level for the second time in a week. A late recovery pushed Fiber bids back to where they started the trading day, near the 1.1200 handle.Fxstreet
Thu, May 15
GBP/USD holds in consolidation pattern as data beats expectations on Wednesday
GBP/USD turned lower on Thursday, shaving off a few points and keeping bids stuck to a near-term consolidation range just south of 1.3300 as markets got more or less what they wanted from economic data releases during both the London and American market sessions.Fxstreet
Thu, May 15
USD/CAD loses ground to near 1.3950 on weak US economic data
The USD/CAD pair loses ground to near 1.3955 during the early Asian session on Friday. The Greenback weakens against the Canadian Dollar (CAD) as US economic data fueled speculation that the Federal Reserve (Fed) will resume interest rate cuts in the coming months.
Fxstreet
Thu, May 15
Mexican Peso falls as Banxico cuts rates, USD/MXN rises
The Mexican Peso (MXN) depreciated against the US Dollar (USD) on Thursday after the Banco de Mexico (Banxico) reduced rates as expected, amid weaker-than-expected economic data from the United States (US). At the time of writing, the USD/MXN trades at 19.49, up 0.61%.
Fxstreet
Thu, May 15
