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AUD/USD slips below 0.6420 ahead of US PMI data
The Australian Dollar (AUD) inches lower against the US Dollar (USD) on Thursday, erasing earlier gains. The AUD/USD pair is holding within a narrow range, down 0.50% at the time of writing, to trade around 0.6420 in the European trading hours.
AUD/USD
Fxstreet
May 22, 2025
USD/JPY Price Forecast: Flattens around 143.50
The USD/JPY pair recoups its initial losses and flattens around 143.50 during European trading hours on Thursday. The pair rebounds as the US Dollar (USD) attracts bids on Thursday after a three-day losing streak.
USD/JPY
US Dollar Index
Fxstreet
May 22, 2025
AUD slips as soft PMI reinforces RBA dovishness – BBH
AUD/USD remains under pressure as weak May PMI data supports expectations for RBA rate cuts. The pair struggles to hold above its 200-DMA, with markets now pricing in 75bps of easing over the next year, BBH FX analysts report.
AUD/USD
Fxstreet
May 22, 2025
USD/JPY slips as JGB yields surge and BoJ signals caution – BBH
USD/JPY had a brief uptick after the US and Japan confirmed existing currency policy and did not discuss foreign exchange levels. USD/JPY subsequently edged lower while Japanese government bond yields are breaking higher at the long-end of the curve, BBH FX analysts report.
USD/JPY
Fxstreet
May 22, 2025
EUR/GBP rises after UK inflation surprise challenges BoE outlook – Danske Bank
EUR/GBP ended the day higher following UK inflation data for April surprising significantly to the topside, relative to both consensus and BoE estimate, Danske Bank's FX analysts report.
EUR/GBP
Fxstreet
May 22, 2025
ECB's Holzmann: The Euro's importance as a global currency is set to increase
European Central Bank (ECB) policymaker Robert Holzmann said on Thursday, “the Euro's importance as a global currency is set to increase.”
EUR/USD
Fxstreet
May 22, 2025
Current upward bias to remain intact above the 55-day EMA – UOB Group
Improving upward momentum indicates EUR/USD could maintain its upward bias; it is premature to expect a retest of the 1.1573 high, UOB Group's FX analyst Quek Ser Leang reports.
EUR/USD
Fxstreet
May 22, 2025
GBP/USD falls to near 1.3400 following mixed UK PMI data
GBP/USD is depreciating after the mixed S&P Global/CIPS UK Manufacturing Purchasing Managers’ Index (PMI) data was released on Thursday. The pair has maintained its position near 1.3468, the highest since February 2022, reached on Wednesday, and is trading around 1.3410 during the European hours.
GBP/USD
Fxstreet
May 22, 2025
GBP: EUR/GBP drop delayed – ING
April’s rise in UK services inflation was mostly down to a temporary spike in air fares and package holidays caused by the timing of Easter—an effect that should unwind soon, ING's FX analyst Francesco Pesole notes.
EUR/GBP
GBP/USD
Fxstreet
May 22, 2025
EUR/USD briefly dips as Eurozone PMIs unexpectedly decline
EUR/USD faces selling pressure and falls to near 1.1310 during European trading hours on Thursday. The major currency pair drops as the Euro (EUR) underperforms after the release of the surprisingly weak preliminary Eurozone HCOB Purchasing Managers’ Index (PMI) data for May.
EUR/USD
Fxstreet
May 22, 2025
EUR: Another leg higher in EUR/USD may be inevitable – ING
European currencies continue to gain ground, supported by a rotation out of US assets, ING's FX analyst Francesco Pesole notes.
EUR/USD
Fxstreet
May 22, 2025
EUR/JPY declines below 162.00, Eurozone PMI declines unexpectedly
The EUR/JPY pair trades 0.5% lower near 162.00 during European trading hours on Thursday. Investors brace for more weakness in the pair as preliminary Eurozone HCOB Purchasing Managers’ Index (PMI) data has surprisingly declined in May.
EUR/JPY
Fxstreet
May 22, 2025
AUD/JPY falls below 92.50, further downside appears due to rising odds of BoJ rate hikes
AUD/JPY hits a fresh two-week low, with trading around 92.30 during the European hours on Thursday.
AUD/JPY
Fxstreet
May 22, 2025
Germany IFO – Expectations above forecasts (88) in May: Actual (88.9)
Germany IFO – Expectations above forecasts (88) in May: Actual (88.9)
EUR/USD
Fxstreet
May 22, 2025
Eurozone Preliminary Manufacturing PMI rises to 49.4 in May vs. 49.3 expected
The Eurozone manufacturing sector remained in contraction, while services sector also followed suit in May, according to data from the HCOB's latest Purchasing Managers' Index (PMI) Survey, published on Thursday.
EUR/USD
Fxstreet
May 22, 2025
Germany IFO – Business Climate above expectations (87.4) in May: Actual (87.5)
Germany IFO – Business Climate above expectations (87.4) in May: Actual (87.5)
EUR/USD
Fxstreet
May 22, 2025
Eurozone HCOB Services PMI below forecasts (50.3) in May: Actual (48.9)
Eurozone HCOB Services PMI below forecasts (50.3) in May: Actual (48.9)
EUR/USD
Fxstreet
May 22, 2025
Eurozone HCOB Manufacturing PMI below forecasts (49.3) in May: Actual (48.4)
Eurozone HCOB Manufacturing PMI below forecasts (49.3) in May: Actual (48.4)
EUR/USD
Fxstreet
May 22, 2025
Germany HCOB Services PMI below expectations (49.5) in May: Actual (47.2)
Germany HCOB Services PMI below expectations (49.5) in May: Actual (47.2)
EUR/USD
Fxstreet
May 22, 2025
Germany HCOB Manufacturing PMI registered at 48.8, below expectations (48.9) in May
Germany HCOB Manufacturing PMI registered at 48.8, below expectations (48.9) in May
EUR/USD
Fxstreet
May 22, 2025
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