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South Korea delivers dovish cut ahead of snap election
BOK cuts base rate to 2.50% as widely expectedFour of seven board members see room for near-term cuts South Korea to elect new leader on June 3By Cynthia Kim and Jihoon Lee SEOUL, May 29 (Reuters) - South Korea's central bank cut interest rates for a fourth time in its current easing cycle on...
Reuters
Thu, May 29
INDIA RUPEE-US court ruling on tariffs lifts dollar, dragging rupee lower
By Nimesh Vora MUMBAI, May 29 (Reuters) - The Indian rupee is set to open weaker on Thursday, weighed by the dollar's strength after a U.S. court blocked President Donald Trump’s tariffs.The 1-month non-deliverable forward indicated the local currency would open in the 85.48-85.52 range, com...
Reuters
Thu, May 29
USD/CHF rallies to over one-week top, close to mid-0.8300s on the tariff-block news
The USD/CHF pair regains positive traction following the previous day's directionless price move and jumps to over a one-week high, around the 0.8345-0.8350 area during the Asian session Thursday.
USD/CHF
Fxstreet
Thu, May 29
EUR/USD drops below 1.1250 as US Dollar appreciates ahead of Q1 GDP Annualized
EUR/USD extends its losing streak for the third successive session, trading around 1.1240 during the Asian hours on Thursday.
EUR/USD
Fxstreet
Thu, May 29
India Morning Newsletter, May 29
To access a PDF version of this newsletter, please click hereIf you would like to receive this newsletter via email, please register at: https://solutions.lseg.com/MNCIndia-SubscriptionpageFor an index of our newsletters click on NEWSL
Reuters
Thu, May 29
Australia, New Zealand dollars fall as US court blocks Trump tariffs
SYDNEY, May 29 (Reuters) - The Australian and New Zealand dollars fell on Thursday after a U.S. court blocked President Donald Trump's sweeping import tariffs from going into effect, sending the U.S dollar sharply higher. The Aussie AUD=D3 slipped 0.2% to $0.6413, down for a fourth straight sess...
Reuters
Thu, May 29
Japanese Yen dives to nearly two-week low against USD on tariff news
The Japanese Yen (JPY) attracts heavy selling during the Asian session on Thursday in reaction to the news that a US federal court blocked President Donald Trump's "Liberation Day" tariffs from going into effect.
USD/JPY
Fxstreet
Thu, May 29
FOREX-Dollar surges after US court blocks Trump's tariffs
Dollar firms strongly against safe havens Analysts sceptical of long rally, wary of legal battle over tariffs Trade deals still in focusBy Rae Wee and Johann M Cherian SINGAPORE, May 29 (Reuters) - The U.S. dollar rallied on Thursday in knee-jerk reaction to a court blocking President Donald Trum...
Reuters
Thu, May 29
USD/INR holds steady as US trade court blocks Trump's 'Liberation Day' tariffs
The Indian Rupee (INR) flat lines on Thursday. The month-end US Dollar (USD) demand and the headline surrounding the US court blocking US President Donald Trump's tariffs provide some support to the US Dollar (USD) and weigh on the Indian currency.
Fxstreet
Thu, May 29
Australian Dollar holds losses following disappointing Private Capital Expenditure data
The Australian Dollar (AUD) remains subdued for the fourth successive session on Thursday, following disappointing Private Capital Expenditure data for the first quarter.
AUD/USD
Fxstreet
Thu, May 29
PBOC sets USD/CNY reference rate at 7.1907 vs. 7.1894 previous
The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Thursday at 7.1907 as compared to the previous day's fix of 7.1894 and 7.2033 Reuters estimate.
USD/CNH
Fxstreet
Thu, May 29
South Korea BoK Interest Rate Decision in line with forecasts (2.5%)
South Korea BoK Interest Rate Decision in line with forecasts (2.5%)
Fxstreet
Thu, May 29
FOREX-Dollar rallies after US court blocks Trump's tariffs
SINGAPORE, May 29 (Reuters) - The U.S. dollar rallied sharply on Thursday after a court blocked President Donald Trump from imposing his so-called Liberation Day import tariffs, with the currency surging against the euro, yen and Swiss franc in particular.The Manhattan-based Court of International T...
Reuters
Thu, May 29
USD/CAD strengthens above 1.3800 ahead of US GDP release
The USD/CAD pair edges higher to near 1.3835 during the early Asian session on Thursday, bolstered by a stronger US Dollar (USD).
USD/CAD
Fxstreet
Wed, May 28
GBP/USD hits a second day of downside ahead of key US data
GBP/USD pared further gains on Wednesday, stumbling for a second straight session and easing back below 1.3500 after a failed attempt to recapture 1.3600 earlier this week.
GBP/USD
Fxstreet
Wed, May 28
USD/CHF Price Forecast: Stalls below 0.8300 after Fed minutes
The USD/CHF halts its advance after posting back-to-back days of gains that pushed the pair to its weekly high of 0.8290; yet, buyers remain in charge, even though the major is near its opening price at 0.8270.
USD/CHF
Fxstreet
Wed, May 28
CANADA FX DEBT-Canadian dollar dips as greenback notches broad-based gains
Canadian dollar falls 0.2% against the greenbackExtends pullback from a seven-month highPrice of U.S. oil settles 1.6% higherCanada-U.S. 10-year spread widens 5.1 basis pointsBy Fergal SmithTORONTO, May 28 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Wednesday as recen...
Reuters
Wed, May 28
FOREX-Dollar gains on trade optimism, yen slips
Dollar gains for second day on trade optimismNvidia results may sway risk sentiment, dollar demandFed officials cite rising inflation, jobless risks in meeting minutesBy Karen Brettell NEW YORK, May 28 (Reuters) - The U.S. dollar was boosted for a second day on Wednesday on optimism that trade de...
Reuters
Wed, May 28
Forex Today: US GDP, employment data and Fedspeak next on tap
The US Dollar (USD) maintained its bullish bias unchanged for the second day in a row on Wednesday amid steady optimism on the trade front, while a cautious tone from the FOMC Minutes also collaborated with the daily advance.
EUR/USD
Fxstreet
Wed, May 28
EUR/USD slips below 1.13 as Fed turns cautious amid looming stagflationary risk
The EUR/USD retreats below 1.1300 during the North American session as the US Dollar (USD) remains bid ahead following the release of the latest Federal Reserve (Fed) meeting minutes. High US bond yields and a slightly sour mood have driven the Greenback higher against most G7 currencies.
EUR/USD
Fxstreet
Wed, May 28
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