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USD/INR strengthens on US Dollar bids from foreign banks
The Indian Rupee (INR) edges lower on Wednesday. The US Dollar (USD) bids from foreign banks, likely on behalf of custodial clients, and the weaker Chinese Yuan weigh on the Indian currency. Additionally, a decline in local equities and a rise in crude oil prices also undermine the INR.Fxstreet
Wed, May 21
INDIA RUPEE-Fed comments weigh on dollar, set stage for slight rupee upside
By Nimesh Vora MUMBAI, May 21 (Reuters) - The Indian rupee is set to open marginally higher on Wednesday, buoyed by a decline in the U.S. dollar after Federal Reserve officials adopted a cautious tone on the U.S. economic outlook.The 1-month non-deliverable forward indicated an open in the 85.56...Reuters
Wed, May 21
Australia, NZ dollars edge up, bonds celebrate RBA's dovish turn
By Wayne Cole SYDNEY, May 21 (Reuters) - The Australian and New Zealand dollars regained some ground on Wednesday as economic worries undermined their U.S. counterpart, while bonds basked in the afterglow of a surprisingly dovish cut in domestic interest rates.Markets have priced in an extra easi...Reuters
Wed, May 21
NZD/USD holds above 0.5900 on weaker US Dollar, renewed US-China tensions might cap its upside
The NZD/USD pair attracts some buyers to around 0.5935 during the early Asian session on Wednesday, bolstered by a weaker US Dollar (USD). The Federal Reserve’s (Fed) Thomas I. Barkin is scheduled to speak later on Wednesday.
Fxstreet
Wed, May 21
EUR/USD climbs on Greenback weakness, but key technical barriers remain in place
EUR/USD caught a bounce for a second day in a row on Tuesday, bolstering the pair back toward the 1.1300 handle. Despite a near-term rise in bullish momentum bolstering the Fiber, EUR/USD remains well back from recent multi-year highs near 1.1575.
Fxstreet
Tue, May 20
USD/CAD softens to near 1.3900 on caution over US economy
The USD/CAD pair extended its decline to near 1.3910 during the early Asian session on Wednesday. The US Dollar (USD) weakens against the Canadian Dollar (CAD) amid renewed concerns over the US economy. Traders will keep an eye on the speech from the Federal Reserve’s (Fed) Thomas I.
Fxstreet
Tue, May 20
AUD/USD hovers above 0.6400 post RBA rate cut, eyes on US Trump tax bill approval
The Australian Dollar (AUD) begins the Asian session virtually unchanged against the US Dollar (USD) on Wednesday, following a 0.49% loss in the previous session as the Reserve Bank of Australia (RBA) reduced interest rates. At the time of writing, the AUD/USD trades at 0.6420 flat.Fxstreet
Tue, May 20
Mexican Peso hits yearly high on weak US Dollar
The Mexican Peso (MXN) rallied to a new yearly high against the US Dollar (USD) on Tuesday as investors continued to digest Moody’s downgrade to United States (US) government debt and wait for the vote on the Tax bill presented by the Trump administration.
Fxstreet
Tue, May 20
FOREX-Dollar falls on more downbeat Fed comments; focus on Japan talks, House vote
US dollar falls to roughly two-week low vs yenTraders await US-Japan talks at G7 gatheringFocus on key House vote this week By Gertrude Chavez-Dreyfuss NEW YORK, May 20 (Reuters) - The U.S. dollar weakened anew on Tuesday, weighed down in part by more cautious remarks about the economy by Federal...Reuters
Tue, May 20
CANADA FX DEBT-Canadian dollar gains as core inflation measures heat up
Canadian dollar gains 0.2% against the greenbackTrades in a range of 1.3918 to 1.3968Underlying inflation heats up in April10-year yield touches a near four-month highBy Fergal Smith TORONTO, May 20 (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Tuesday as investors ...Reuters
Tue, May 20
USD/JPY steady near 144.75 as Yen rally stalls, US-Japan trade talks in focus
The Japanese Yen (JPY) continues to firm against the US Dollar (USD) on Tuesday, marking the second consecutive day of gains amid broad USD weakness, although the USD/JPY pair is trading flat near 144.75 in American hours.Fxstreet
Tue, May 20
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