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Loonie strengthens for third day as core inflation rises, US Dollar stumbles
The Canadian Dollar (CAD) strengthens further against the US Dollar (USD) on Wednesday, marking a three-day rally, with USD/CAD slipping below 1.3900 as markets digest stronger-than-expected Canadian inflation figures and a broadly subdued Greenback.
Fxstreet
May 21, 2025
JPY showing impressive gains vs. USD – Scotiabank
Japanese Yen (JPY) is entering Wednesday’s NA session with an impressive 0.4% gain vs. the US Dollar (USD), a mid-performer among the G10 in an environment of broad-based USD weakness, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
May 21, 2025
GBP trades to fresh multi-year high – Scotiabank
Pound Sterling (GBP) is entering Wednesday’s NA session with a 0.1% gain again the US Dollar (USD) but losses against most of the remaining G10 currencies, trading erratically in response to the release of stronger than expected inflation data, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
May 21, 2025
Mexican Peso retreats against the US Dollar ahead of Mexican Retail Sales data, US tax vote
The Mexican Peso (MXN) and the US Dollar (USD) are gearing up for a crucial day of economic and fundamental headwinds, which could offer further insight into the current and projected growth outlooks for both economies.
Fxstreet
May 21, 2025
USD/JPY: Bias for USD is on the downside – UOB Group
There is scope for US Dollar (USD) to edge lower to 143.80 vs Japanese Yen (JPY); a sustained break below this level seems unlikely. In the longer run, the bias for USD is on the downside toward 143.80, potentially to 143.30, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
May 21, 2025
AUD/USD Price Forecast: Sets for volatility expansion
The AUD/USD pair moves higher to near 0.6460 during European trading hours on Wednesday. The Aussie pair gains as the US Dollar (USD) continues to underperform its peers on the back of the United States (US) Sovereign Credit rating erosion.Fxstreet
May 21, 2025
Lagarde is positive on the strong Euro – Commerzbank
News of a potential Israeli attack on Iran's nuclear facilities is causing EUR/USD to rise this morning and shows that the euro is currently still favored as a safe haven against the dollar. However, this does not seem to be a problem, at least for the ECB.Fxstreet
May 21, 2025
NZD/USD: Outlook remains mixed – UOB Group
New Zealand Dollar (NZD) is likely to trade in a sideways range of 0.5905/0.5945 against the US Dollar (USD). In the longer run, outlook remains mixed, but NZD is likely to trade in a tighter range of 0.5835/0.5985, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
May 21, 2025
EUR/USD advances further on US credit downgrade, concerns over Trump’s tax bill
EUR/USD jumps to near 1.1350 on Wednesday, extending its winning streak for the third trading day. The major currency pair strengthens as the US Dollar (USD) continues to face a sharp selling pressure amid the United States (US) credit rating erosion.Fxstreet
May 21, 2025
AUD/USD: Likely to trade in a sideways range of 0.6400/0.6450 – UOB Group
Australian Dollar (AUD) is likely to trade in a sideways range of 0.6400/0.6450 vs US Dollar (USD). In the longer run, outlook is mixed; AUD is likely to trade in a range between 0.6370 and 0.6480, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
May 21, 2025
GBP/USD: Major resistance at 1.3445 is likely out of reach – UOB Group
Pound Sterling (GBP) could edge higher and test 1.3420; the major resistance at 1.3445 is likely out of reach for now. In the longer run, GBP could continue to rise; based on the current momentum, it might find 1.3445 difficult to break, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
May 21, 2025
AUD/JPY remains steady near 93.00, downside appears due to hawkish tone surrounding BoJ
AUD/JPY remains steady and is holding ground near 92.80 during the Asian trading hours on Wednesday. The currency cross depreciated by more than 0.50% in the previous session following the interest rate cuts from the Reserve Bank of Australia (RBA) and the People’s Bank of China (PBoC).
Fxstreet
May 21, 2025
NZD/USD Price Forecast: Remains within a consolidation range of 0.5950/0.5900
NZD/USD is trading around 0.5940 during the European hours on Wednesday. The pair has retraced its recent losses registered in the previous session as a neutral bias persists, suggested by the technical analysis of the daily chart showing the pair is consolidating within a rectangular pattern.Fxstreet
May 21, 2025
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