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Euro drifts lower against British Pound ahead of Germany's inflation data, BoE's Bailey speech
The EUR/GBP cross trades with mild losses near 0.8660 during the early European trading hours on Friday. Uncertainty surrounding the US-Iran peace deal is causing broader market fluctuations. The preliminary readings of Germany’s inflation will be the highlights later on Friday.
Fxstreet
Fri, May 29
EUR/JPY Price Forecast: Remains below 185.50 near upper descending channel boundary
EUR/JPY halts its five-day winning streak, trading around 185.40 during the Asian hours on Friday. The currency cross is holding a constructive near-term bias as it sits above both the nine- and 50-period Exponential Moving Averages (EMAs).
Fxstreet
Fri, May 29
Indian Rupee opens higher on renewed US-Iran deal optimism
The Indian Rupee (INR) opens on a positive note against the US Dollar (USD) on Friday after a holiday in India due to Bakri Id the previous day. The USD/INR pair drops to near 95.50 as falling oil prices due to renewed optimism on the United States (US)-Iran deal have strengthened the Indian Rupee.Fxstreet
Fri, May 29
Euro weakens below 1.1650 as Trump yet to comment on 60-day truce extension plan
The EUR/USD pair loses momentum to around 1.1635 during the early European trading hours on Friday. Mixed signals surrounding the US-Iran peace deal remain the primary driver of volatility. Traders will keep an eye on the preliminary readings of Germany’s inflation later on Friday.
Fxstreet
Fri, May 29
AUD/JPY Price Forecast: Declines to near 114.00, while maintaining bullish technical bias
The AUD/JPY cross trades in negative territory near 114.00 during the early European session on Friday. Annual core Consumer Price Index (CPI) inflation in Tokyo stayed below the Bank of Japan's (BoJ) 2% target for a fourth consecutive month in May, data showed on Friday.
Fxstreet
Fri, May 29
Swiss Franc declines as market caution lifts USD
USD/CHF edges higher after registering modest losses in the previous day, trading around 0.7840 during the Asian hours on Friday. The pair caught in a tug-of-war between lingering geopolitical risks in the Middle East and stronger-than-expected economic data from Switzerland.
Fxstreet
Fri, May 29
AUD/USD Price Forecast: Holds above 0.7150; remains confined in two-week-old range
The AUD/USD pair struggles to capitalize on the previous day's goodish rebound from sub-0.7100 levels, or a one-week low, and oscillates in a range during the Asian session on Friday. Spot prices, however, hold above 0.7150 and seem poised to register modest gains for the first time in three weeks.Fxstreet
Fri, May 29
Canadian Dollar holds steady with US-Iran ceasefire progress and Canada GDP in focus
The USD/CAD pair trades on a flat note around 1.3785 during the early Asian trading hours on Friday. Traders continue to assess the developments surrounding the US-Iran agreement to extend a ceasefire.Fxstreet
Fri, May 29
New Zealand Dollar hits over two-week top vs USD on Iran peace deal optimism, hawkish RBNZ
The NZD/USD pair is seen building on this week's solid bounce from a technically significant 200-day Simple Moving Average (SMA) support near the 0.5835 region and gaining positive traction for the third successive day on Friday.
Fxstreet
Fri, May 29
Euro edges higher above 1.1650 on tentative US-Iran ceasefire progress
The EUR/USD pair posts modest gains near 1.1655 during the early Asian session on Friday. The Euro (EUR) strengthens against the US Dollar (USD) after reports that the United States (US) and Iran had reached an agreement to extend a ceasefire.Fxstreet
Fri, May 29
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