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Dollar firm but rally fades after US tariff court roadblock; fiscal worries bubble
LONDON May 29 (Reuters) - A relief rally in the dollar faded on Thursday, with the greenback holding on to only minor gains against major peers after rallying on news that a court blocked U.S. President Donald Trump from imposing import tariffs on other countries.Reuters
Thu, May 29
JPY recovering into NA session with focus on trade talks – Scotiabank
Japanese Yen (JPY) is underperforming the G10 currencies with a modest 0.2% decline vs. the US Dollar (USD), entering Thursday’s NA session with an impressive recovery from earlier sentiment-driven losses related to headlines on trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Thu, May 29
GBP unchanged within broader bull trend ahead of BoE Gov. speech – Scotiabank
Pound Sterling (GBP) is also entering Thursday’s NA session flat vs. the USD, trading in tandem with its G10 peers and responding headline risk related to trade, Scotiabank's Chief FX Strategist Shaun Osborne notes.
Fxstreet
Thu, May 29
USD/CAD retreats from highs, approaching 1.3800 ahead of the US GDP release
The US Dollar has given away all the ground taken after the court ruling against US trade tariffs, and is trading with moderate losses ahead of the US Session opening, as the Canadian Dollar draws support from the rebound in Oil prices.A US federal court ruled on Wednesday that the US Congress has t
Fxstreet
Thu, May 29
USD/JPY: Resistance at 147.50 is unlikely to come under threat – UOB Group
US Dollar (USD) is expected to strengthen; the significant resistance at 147.50 is unlikely to come under threat. In the longer run, price action suggests further USD upside; too early to tell whether 147.50 is within reach, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, May 29
NZD/USD: Expected to continue to trade sideways – UOB Group
New Zealand Dollar (NZD) is expected to continue to trade sideways, most likely in a range of 0.5925/0.5975. In the longer run, upward momentum has faded; NZD is likely to trade in a range between 0.5900 and 0.6000 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, May 29
AUD/USD: Chance to edge below 0.6400 – UOB Group
Australian Dollar (AUD) could edge below 0.6400 against US Dollar (USD); the next support at 0.6380 is unlikely to come under threat. In the longer run, for the time being, AUD is expected to trade in a range of 0.6380/0.6485, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Thu, May 29
Sterling ticks higher as strong data, trade deal buffer against stronger dollar
May 29 (Reuters) - The pound ticked higher versus the dollar on Thursday, one of the few major currencies holding its ground against the greenback which earlier surged after a court blocked U.S. President Donald Trump from imposing import tariffs on other countries.At 0942 GMT, the pound was up 0.12...Reuters
Thu, May 29
AUD/USD bounces up as the Dollar rally loses steam and approaches 0.6450 resistance area
The Aussie Dollar bounced up right above the 0.6400 psychological level on Thursday and is trading 0.30% higher on the day, with a retest of the 0.6450 resistance area on the cards, as the US Dollar rally loses steam.The Greenback appreciated across the board during late Wednesday and Thursday’s AsiFxstreet
Thu, May 29
USD/JPY: US and JP inflation data tomorrow – OCBC
Shorts in USD/JPY continued to get squeezed, from month-end USD buy flows to US trade court’s ruling on Trump tariffs partially helped to restore some credibility to the system, which has been undermined by the unpredictability of Trump’s tariffs.Fxstreet
Thu, May 29
Deals of the day-Mergers and acquisitions
May 29 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0940 GMT on Thursday:** Private equity investor Advent has entered exclusive negotiations to acquire Paris-based broker Kereis from current owner Bridgepoint. nL6N3S10FZ ** French oil major TotalEnergies ...Reuters
Thu, May 29
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